Lbp Am Sa Has $1.49 Million Stake in U.S. Bancorp (NYSE:USB)

LBP AM SA grew its stake in U.S. Bancorp (NYSE:USB - Free Report) by 91.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,253 shares of the financial services provider's stock after purchasing an additional 16,803 shares during the period. LBP AM SA's holdings in U.S. Bancorp were worth $1,488,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FIL Ltd grew its position in U.S. Bancorp by 42.0% in the 4th quarter. FIL Ltd now owns 28,872 shares of the financial services provider's stock worth $1,381,000 after purchasing an additional 8,542 shares during the last quarter. Wesbanco Bank Inc. lifted its holdings in shares of U.S. Bancorp by 31.6% during the 1st quarter. Wesbanco Bank Inc. now owns 325,056 shares of the financial services provider's stock worth $13,724,000 after acquiring an additional 78,146 shares during the period. Vanguard Group Inc. lifted its holdings in shares of U.S. Bancorp by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider's stock worth $6,640,569,000 after acquiring an additional 1,079,056 shares during the period. Becker Capital Management Inc. lifted its holdings in shares of U.S. Bancorp by 1.5% during the 4th quarter. Becker Capital Management Inc. now owns 560,095 shares of the financial services provider's stock worth $27,069,000 after acquiring an additional 8,204 shares during the period. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of U.S. Bancorp by 9.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 653,367 shares of the financial services provider's stock worth $27,585,000 after acquiring an additional 55,054 shares during the period. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani purchased 5,000 shares of the stock in a transaction dated 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 directly owned 15,000 shares in the company, valued at $559,800. This represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.23% of the company's stock.

U.S. Bancorp Price Performance

Shares of NYSE USB traded down $0.44 during trading on Friday, reaching $47.13. The company had a trading volume of 11,510,101 shares, compared to its average volume of 9,408,922. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The stock has a market cap of $73.43 billion, a PE ratio of 11.67, a PEG ratio of 1.79 and a beta of 0.99. 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 business's 50 day moving average price is $44.39 and its 200-day moving average price is $44.39.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.06. U.S. Bancorp had a net margin of 15.70% and a return on equity of 13.02%. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the previous year, the firm posted $0.78 earnings per share. Analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 dividend yield of 4.24%. The ex-dividend date is Monday, June 30th. U.S. Bancorp's dividend payout ratio is presently 49.50%.

Analyst Upgrades and Downgrades

USB has been the subject of a number of analyst reports. Truist Financial raised their price objective on shares of U.S. Bancorp from $48.00 to $50.00 and gave the stock a "hold" rating in a report on Wednesday. The Goldman Sachs Group raised their price objective on shares of U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a report on Tuesday, June 10th. Evercore ISI raised their price objective on shares of U.S. Bancorp from $44.00 to $49.00 and gave the stock an "in-line" rating in a report on Wednesday, June 4th. Barclays reduced their price objective on shares of U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods reduced their price objective 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, U.S. Bancorp presently has a consensus rating of "Moderate Buy" and a consensus target price of $51.70.

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.