21,223 Shares in U.S. Bancorp $USB Purchased by Jackson Creek Investment Advisors LLC

Key Points

• Jackson Creek Investment Advisors bought a new position in U.S. Bancorp during the fourth quarter, acquiring 21,223 shares valued at about $1.13 million.
• Institutional ownership remains heavy, with 77.6% of U.S. Bancorp shares held by institutions and hedge funds. Several other firms also increased or initiated positions in the bank recently.
• Wall Street sentiment is still broadly positive: analysts rate USB a Moderate Buy with a consensus target price of $61.20, while the stock was trading around $54.63 after the report.

Jackson Creek Investment Advisors LLC acquired a new position in U.S. Bancorp (NYSE:USB - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 21,223 shares of the financial services provider's stock, valued at approximately $1,132,000.

Several other institutional investors also recently bought and sold shares of USB. Brighton Jones LLC boosted its holdings in shares of U.S. Bancorp by 323.0% during the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider's stock worth $2,309,000 after purchasing an additional 36,863 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of U.S. Bancorp by 2.1% during the 1st quarter. Empowered Funds LLC now owns 34,411 shares of the financial services provider's stock worth $1,453,000 after purchasing an additional 714 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of U.S. Bancorp by 18.9% during the 1st quarter. Intech Investment Management LLC now owns 39,276 shares of the financial services provider's stock worth $1,658,000 after purchasing an additional 6,252 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of U.S. Bancorp during the 2nd quarter worth approximately $425,000. Finally, Nebula Research & Development LLC acquired a new position in shares of U.S. Bancorp during the 2nd quarter worth approximately $701,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Morgan Stanley set a $64.00 target price on U.S. Bancorp in a report on Friday, April 17th. Truist Financial lowered their target price on U.S. Bancorp from $63.00 to $62.00 and set a "buy" rating on the stock in a report on Friday, April 17th. Evercore boosted their target price on U.S. Bancorp from $60.00 to $65.00 and gave the stock an "in-line" rating in a report on Thursday, February 5th. Oppenheimer boosted their target price on U.S. Bancorp from $73.00 to $74.00 and gave the stock an "outperform" rating in a report on Wednesday, April 29th. Finally, Piper Sandler restated a "buy" rating on shares of U.S. Bancorp in a report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, U.S. Bancorp has a consensus rating of "Moderate Buy" and a consensus target price of $61.20.

U.S. Bancorp Stock Down 1.1%

USB stock opened at $54.63 on Thursday. The firm has a market cap of $84.81 billion, a PE ratio of 11.45, a PEG ratio of 1.00 and a beta of 1.00. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.81 and a current ratio of 0.81. The firm's 50 day moving average price is $54.29 and its 200-day moving average price is $53.86. U.S. Bancorp has a one year low of $42.55 and a one year high of $61.19.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. The firm had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.27 billion. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 EPS. On average, equities research analysts anticipate that U.S. Bancorp will post 5.09 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, March 31st. U.S. Bancorp's payout ratio is presently 43.61%.

Insider Activity at U.S. Bancorp

In other news, insider Jodi L. Richard sold 40,000 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the sale, the insider owned 207,251 shares of the company's stock, valued at approximately $11,813,307. The trade was a 16.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Venkatachari Dilip sold 34,522 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the sale, the executive vice president directly owned 51,292 shares in the company, valued at approximately $2,847,731.84. The trade was a 40.23% decrease in their position. The SEC filing for this sale provides additional information. 0.21% of the stock is currently owned by insiders.

U.S. Bancorp Company Profile

U.S. Bancorp NYSE: USB is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.

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