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Stolper Co Purchases Shares of 48,038 U.S. Bancorp (NYSE:USB)

U.S. Bancorp logo with Finance background

Stolper Co purchased a new position in shares of U.S. Bancorp (NYSE:USB - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 48,038 shares of the financial services provider's stock, valued at approximately $2,028,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Investors Research Corp grew its holdings in shares of U.S. Bancorp by 0.8% during the 1st quarter. Investors Research Corp now owns 35,051 shares of the financial services provider's stock valued at $1,480,000 after purchasing an additional 283 shares during the last quarter. Somerset Trust Co grew its stake in shares of U.S. Bancorp by 7.1% during the first quarter. Somerset Trust Co now owns 30,090 shares of the financial services provider's stock worth $1,270,000 after buying an additional 2,003 shares during the last quarter. S.E.E.D. Planning Group LLC increased its holdings in shares of U.S. Bancorp by 8.8% during the first quarter. S.E.E.D. Planning Group LLC now owns 200,382 shares of the financial services provider's stock worth $8,460,000 after buying an additional 16,266 shares in the last quarter. Tompkins Financial Corp bought a new position in shares of U.S. Bancorp in the 1st quarter valued at $95,000. Finally, GAMMA Investing LLC boosted its holdings in shares of U.S. Bancorp by 4,160.7% during the 1st quarter. GAMMA Investing LLC now owns 1,547,616 shares of the financial services provider's stock valued at $65,340,000 after acquiring an additional 1,511,293 shares in the last quarter. 77.60% of the stock is owned by institutional investors.

Insider Activity at U.S. Bancorp

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

U.S. Bancorp Price Performance

Shares of USB traded down $0.31 during mid-day trading on Wednesday, reaching $44.07. 3,473,332 shares of the stock traded hands, compared to its average volume of 9,081,358. The company has a market cap of $68.66 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97. 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 firm has a fifty day moving average price of $41.03 and a 200 day moving average price of $45.50. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98.

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 for the quarter, beating the consensus estimate 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 company had revenue of $6.96 billion during the quarter, compared to analysts' expectations of $6.92 billion. During the same period in the prior year, the business posted $0.78 EPS. As a group, equities research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.54%. U.S. Bancorp's dividend payout ratio is currently 49.50%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Royal Bank of Canada dropped their target price on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. DA Davidson reduced their target price on shares of U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. TD Cowen began coverage on shares of U.S. Bancorp in a report on Thursday, May 15th. They set a "buy" rating and a $60.00 price target on the stock. Citigroup lowered their target price on U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Finally, Truist Financial lowered their price objective on U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $50.67.

Get Our Latest Stock Analysis on USB

U.S. Bancorp Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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