Universal Beteiligungs und Servicegesellschaft mbH Invests $64.26 Million in U.S. Bancorp (NYSE:USB)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in U.S. Bancorp (NYSE:USB - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,343,440 shares of the financial services provider's stock, valued at approximately $64,257,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.09% of U.S. Bancorp as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP lifted its stake 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 purchasing an additional 210 shares during the last quarter. Covestor Ltd increased its holdings in shares of U.S. Bancorp by 12.3% in the fourth quarter. Covestor Ltd now owns 1,955 shares of the financial services provider's stock valued at $94,000 after purchasing an additional 214 shares during the period. Strategic Blueprint LLC raised its position in U.S. Bancorp by 5.2% during the 4th quarter. Strategic Blueprint LLC now owns 4,611 shares of the financial services provider's stock worth $221,000 after buying an additional 226 shares during the last quarter. Tritonpoint Wealth LLC lifted its position in U.S. Bancorp by 4.9% in the fourth quarter. Tritonpoint Wealth LLC now owns 4,891 shares of the financial services provider's stock valued at $236,000 after purchasing an additional 230 shares during the period. Finally, TrinityPoint Wealth LLC boosted its stake 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 valued at $495,000 after buying an additional 231 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

Insider Activity

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

U.S. Bancorp Stock Down 1.2%

Shares of USB stock traded down $0.51 during mid-day trading on Wednesday, reaching $43.23. 4,792,824 shares of the company were exchanged, compared to its average volume of 9,085,318. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The business's 50 day simple moving average is $41.01 and its 200 day simple moving average is $45.72. The company has a market capitalization of $67.35 billion, a P/E ratio of 11.41, a P/E/G ratio of 1.73 and a beta of 0.97. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.06. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. During the same quarter in the previous year, the firm earned $0.78 EPS. Research analysts predict 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. 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 annualized dividend and a dividend yield of 4.63%. U.S. Bancorp's payout ratio is 49.50%.

Analyst Ratings Changes

USB has been the topic of several recent analyst reports. The Goldman Sachs Group lowered their target price on shares of U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Morgan Stanley decreased their price target on shares of U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Royal Bank of Canada lowered their price objective 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. Piper Sandler dropped their price target on shares of 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. Finally, Oppenheimer raised their price objective on U.S. Bancorp from $57.00 to $59.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. One investment 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's stock. According to data from MarketBeat, U.S. Bancorp has a consensus rating of "Moderate Buy" and a consensus target price of $50.89.

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.