Cambridge Investment Research Advisors Inc. Increases Stake in U.S. Bancorp (NYSE:USB)

Cambridge Investment Research Advisors Inc. lifted its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 8.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 217,657 shares of the financial services provider's stock after purchasing an additional 17,630 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in U.S. Bancorp were worth $9,189,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp bought a new position in shares of U.S. Bancorp during the fourth quarter valued at about $26,000. Picton Mahoney Asset Management purchased a new stake in U.S. Bancorp during the 4th quarter valued at about $30,000. Millstone Evans Group LLC purchased a new position in U.S. Bancorp in the 4th quarter worth approximately $31,000. REAP Financial Group LLC lifted its position in U.S. Bancorp by 86.1% in the fourth quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 297 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of U.S. Bancorp during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 77.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Truist Financial decreased their target price on shares of U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Morgan Stanley decreased their price objective on shares of U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Keefe, Bruyette & Woods dropped their target price on shares of U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating for the company in a report on Thursday, April 17th. Royal Bank Of Canada reduced their price target on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Finally, The Goldman Sachs Group increased their price objective on U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a report on Tuesday, June 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $50.72.

U.S. Bancorp Price Performance

USB stock opened at $44.84 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a 50 day moving average price of $42.63 and a 200-day moving average price of $44.62. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98. The firm has a market capitalization of $69.86 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 1.68 and a beta of 0.99.

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 13.02% and a net margin of 15.70%. The business had revenue of $6.96 billion during the quarter, compared to analysts' expectations of $6.92 billion. During the same quarter in the previous year, the business earned $0.78 earnings per share. Equities research analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend is Monday, June 30th. U.S. Bancorp's payout ratio is 49.50%.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani acquired 5,000 shares of the stock in a transaction that occurred on Monday, April 21st. The shares were acquired at an average cost of $37.32 per share, with a total value of $186,600.00. Following the transaction, the director now owns 15,000 shares of the company's stock, valued at $559,800. The trade was a 50.00% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.23% of the stock is currently owned by insiders.

U.S. Bancorp Company 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.

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