8,594 Shares in U.S. Bancorp (NYSE:USB) Bought by Ameriflex Group Inc.

Ameriflex Group Inc. purchased a new stake in U.S. Bancorp (NYSE:USB - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 8,594 shares of the financial services provider's stock, valued at approximately $411,000.

A number of other institutional investors have also recently added to or reduced their stakes in USB. FIL Ltd raised its holdings in shares of U.S. Bancorp by 42.0% during the fourth quarter. FIL Ltd now owns 28,872 shares of the financial services provider's stock valued at $1,381,000 after acquiring an additional 8,542 shares during the last quarter. Vanguard Group Inc. raised its stake in U.S. Bancorp by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider's stock valued at $6,640,569,000 after purchasing an additional 1,079,056 shares during the last quarter. M&T Bank Corp raised its position in shares of U.S. Bancorp by 36.9% in the fourth quarter. M&T Bank Corp now owns 1,158,848 shares of the financial services provider's stock valued at $55,427,000 after buying an additional 312,504 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of U.S. Bancorp by 11.3% in the fourth quarter. D.A. Davidson & CO. now owns 380,767 shares of the financial services provider's stock valued at $18,212,000 after buying an additional 38,802 shares during the last quarter. Finally, Swedbank AB raised its position in shares of U.S. Bancorp by 2.4% in the fourth quarter. Swedbank AB now owns 554,489 shares of the financial services provider's stock valued at $26,521,000 after buying an additional 13,223 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

Insider Buying and Selling

In related news, Director Aleem Gillani acquired 5,000 shares of the stock in a transaction dated Monday, April 21st. The stock was acquired at an average cost of $37.32 per share, with a total value of $186,600.00. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at $559,800. This represents a 50.00% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. TD Cowen assumed coverage on shares of U.S. Bancorp in a report on Thursday, May 15th. They issued a "buy" rating and a $60.00 price objective for the company. Bank of America cut their price target on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a report on Monday, March 17th. Royal Bank of Canada cut their price target on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Truist Financial cut their target price on U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $43.50 price target (down previously from $51.00) on shares of U.S. Bancorp in a report on Thursday, April 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $50.89.

U.S. Bancorp Trading Down 0.4%

NYSE:USB traded down $0.16 on Friday, reaching $43.60. 9,784,874 shares of the company's stock were exchanged, compared to its average volume of 9,099,900. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98. The business has a fifty day moving average of $41.00 and a 200-day moving average of $45.58. The firm has a market capitalization of $67.93 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.97 by $0.06. The company had revenue of $6.96 billion during the quarter, compared to analysts' expectations of $6.92 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. During the same quarter last year, the company posted $0.78 EPS. As a group, analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 4.59%. U.S. Bancorp's payout ratio is 49.50%.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.