Aurdan Capital Management LLC Takes Position in U.S. Bancorp (NYSE:USB)

Aurdan Capital Management LLC acquired a new stake in U.S. Bancorp (NYSE:USB - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 88,029 shares of the financial services provider's stock, valued at approximately $4,210,000. U.S. Bancorp makes up about 1.6% of Aurdan Capital Management LLC's holdings, making the stock its 22nd biggest position.

Other large investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP lifted its position in shares of U.S. Bancorp by 2.6% during the 4th quarter. Capital Performance Advisors LLP now owns 8,188 shares of the financial services provider's stock valued at $392,000 after acquiring an additional 210 shares during the period. Covestor Ltd increased its holdings in U.S. Bancorp by 12.3% in the 4th quarter. Covestor Ltd now owns 1,955 shares of the financial services provider's stock valued at $94,000 after buying an additional 214 shares during the period. Strategic Blueprint LLC raised its position in shares of U.S. Bancorp by 5.2% in the 4th quarter. Strategic Blueprint LLC now owns 4,611 shares of the financial services provider's stock valued at $221,000 after buying an additional 226 shares in the last quarter. Tritonpoint Wealth LLC lifted its holdings in shares of U.S. Bancorp by 4.9% during the 4th quarter. Tritonpoint Wealth LLC now owns 4,891 shares of the financial services provider's stock worth $236,000 after acquiring an additional 230 shares during the period. Finally, TrinityPoint Wealth LLC boosted its position in shares of U.S. Bancorp by 2.3% during the 4th quarter. TrinityPoint Wealth LLC now owns 10,355 shares of the financial services provider's stock worth $495,000 after acquiring an additional 231 shares in the last quarter. Institutional investors own 77.60% of the company's stock.

Insider Buying and Selling

In other news, Director Aleem Gillani bought 5,000 shares of the company's stock in a transaction that occurred on Monday, April 21st. The stock was bought at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the transaction, the director now directly owns 15,000 shares of the company's stock, valued at $559,800. This represents a 50.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wolfe Research upgraded U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price for the company in a research note on Thursday, April 3rd. Barclays reduced their price objective on U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Cowen initiated coverage on U.S. Bancorp in a research note on Wednesday, May 14th. They set a "buy" rating for the company. TD Cowen began coverage on shares of U.S. Bancorp in a report on Thursday, May 15th. They set a "buy" rating and a $60.00 price target on the stock. Finally, Keefe, Bruyette & Woods decreased their target price on shares of U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating on the stock in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $50.89.

U.S. Bancorp Stock Down 0.5%

Shares of NYSE USB traded down $0.20 during mid-day trading on Friday, reaching $43.56. 1,787,363 shares of the company's stock traded hands, compared to its average volume of 9,057,462. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The business has a 50-day simple moving average of $41.01 and a 200 day simple moving average of $45.67. The stock has a market cap of $67.86 billion, a P/E ratio of 11.49, a PEG ratio of 1.73 and a beta of 0.97.

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

U.S. Bancorp Dividend Announcement

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

U.S. Bancorp Profile

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.