Siemens Fonds Invest GmbH Has $33,000 Position in U.S. Bancorp (NYSE:USB)

Siemens Fonds Invest GmbH cut its position in U.S. Bancorp (NYSE:USB - Free Report) by 98.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 696 shares of the financial services provider's stock after selling 54,500 shares during the quarter. Siemens Fonds Invest GmbH's holdings in U.S. Bancorp were worth $33,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp acquired a new stake in U.S. Bancorp during the fourth quarter worth about $26,000. FPC Investment Advisory Inc. bought a new stake in shares of U.S. Bancorp during the 4th quarter worth approximately $28,000. Stonebridge Financial Group LLC acquired a new stake in shares of U.S. Bancorp during the 4th quarter worth approximately $30,000. Picton Mahoney Asset Management bought a new position in U.S. Bancorp in the fourth quarter valued at approximately $30,000. Finally, Millstone Evans Group LLC acquired a new position in U.S. Bancorp during the fourth quarter valued at approximately $31,000. 77.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

USB has been the topic of a number of research analyst reports. Truist Financial reduced their target price on U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $43.50 price objective (down from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. DA Davidson lowered their target price on U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Barclays dropped their target price 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, Cowen assumed coverage on shares of U.S. Bancorp in a report on Wednesday, May 14th. They set a "buy" rating on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.89.

U.S. Bancorp Trading Down 0.4%

NYSE USB opened at $44.76 on Tuesday. The stock has a market capitalization of $69.74 billion, a P/E ratio of 11.81, a P/E/G ratio of 1.73 and a beta of 0.97. The business has a 50 day simple moving average of $40.85 and a 200 day simple moving average of $45.96. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98.

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 EPS for the quarter, topping the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter last year, the firm posted $0.78 EPS. Research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

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

Insider Buying and Selling

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