Lbp Am Sa Acquires 16,803 Shares of U.S. Bancorp (NYSE:USB)

Lbp Am Sa lifted its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 91.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,253 shares of the financial services provider's stock after buying an additional 16,803 shares during the quarter. Lbp Am Sa's holdings in U.S. Bancorp were worth $1,488,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Westend Capital Management LLC acquired a new stake in U.S. Bancorp in the 1st quarter valued at about $27,000. YANKCOM Partnership grew its stake in shares of U.S. Bancorp by 59.4% during the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 260 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $30,000. Alpine Bank Wealth Management acquired a new stake in shares of U.S. Bancorp in the first quarter valued at approximately $30,000. Finally, Millstone Evans Group LLC bought a new position in U.S. Bancorp in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 77.60% of the company's stock.

Insider Transactions at U.S. Bancorp

In other news, Director Aleem Gillani purchased 5,000 shares of the company's stock in a transaction on Monday, April 21st. The shares were purchased at an average price of $37.32 per share, with a total value of $186,600.00. Following the purchase, the director directly owned 15,000 shares of the company's stock, valued at $559,800. This trade represents a 50.00% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. The Goldman Sachs Group increased their price objective on U.S. Bancorp from $41.00 to $46.00 and gave the company a "neutral" rating in a research report on Tuesday, June 10th. Barclays decreased their price target on U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Truist Financial lifted their price objective on U.S. Bancorp from $48.00 to $50.00 and gave the stock a "hold" rating in a research report on Wednesday. Royal Bank Of Canada cut their target price on shares of U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods reduced 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, U.S. Bancorp currently has an average rating of "Moderate Buy" and an average price target of $51.70.

U.S. Bancorp Trading Up 0.6%

NYSE:USB opened at $47.56 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.80 and a quick ratio of 0.80. The business's 50-day simple moving average is $44.27 and its 200-day simple moving average is $44.40. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98. The stock has a market capitalization of $74.11 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99.

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

U.S. Bancorp Dividend Announcement

The business also recently announced 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 4.20%. The ex-dividend date is Monday, June 30th. U.S. Bancorp's payout ratio is presently 49.50%.

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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