U.S. Bancorp (NYSE:USB) Stock Position Lifted by NBC Securities Inc.

NBC Securities Inc. grew its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 101,850.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,273 shares of the financial services provider's stock after purchasing an additional 14,259 shares during the quarter. NBC Securities Inc.'s holdings in U.S. Bancorp were worth $602,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in USB. Capital Performance Advisors LLP lifted its position in U.S. Bancorp by 2.6% during the fourth quarter. Capital Performance Advisors LLP now owns 8,188 shares of the financial services provider's stock worth $392,000 after buying an additional 210 shares during the period. Covestor Ltd lifted its holdings in shares of U.S. Bancorp by 12.3% during the 4th quarter. Covestor Ltd now owns 1,955 shares of the financial services provider's stock worth $94,000 after acquiring an additional 214 shares during the period. TrinityPoint Wealth LLC boosted its position in shares of U.S. Bancorp by 2.3% in the fourth 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 during the last quarter. Trilogy Capital Inc. grew its holdings in U.S. Bancorp by 2.9% in the fourth quarter. Trilogy Capital Inc. now owns 8,434 shares of the financial services provider's stock valued at $403,000 after purchasing an additional 238 shares during the period. Finally, CoreCap Advisors LLC increased its position in U.S. Bancorp by 36.6% during the fourth quarter. CoreCap Advisors LLC now owns 904 shares of the financial services provider's stock worth $43,000 after purchasing an additional 242 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company's stock.

U.S. Bancorp Price Performance

USB stock traded up $1.08 during trading hours on Friday, hitting $44.76. 7,647,666 shares of the stock traded hands, compared to its average volume of 9,059,922. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The company has a market cap of $69.74 billion, a P/E ratio of 11.81, a P/E/G ratio of 1.73 and a beta of 0.99. The stock has a 50-day simple moving average of $41.09 and a 200 day simple moving average of $45.44.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $6.92 billion. During the same period in the previous year, the firm posted $0.78 EPS. Equities analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.50 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.47%. U.S. Bancorp's dividend payout ratio (DPR) is presently 49.50%.

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 shares were acquired at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the acquisition, the director now 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

USB has been the topic of a number of research analyst reports. Barclays decreased their price target on shares of U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Piper Sandler decreased their target price on U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Cowen began coverage on shares of U.S. Bancorp in a research note on Wednesday, May 14th. They set a "buy" rating on the stock. Bank of America reduced their target price on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a research note on Monday, March 17th. Finally, Truist Financial dropped their price target on shares of 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $50.67.

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.