Czech National Bank Has $15.12 Million Stock Holdings in U.S. Bancorp (NYSE:USB)

Czech National Bank raised its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 358,140 shares of the financial services provider's stock after purchasing an additional 19,894 shares during the quarter. Czech National Bank's holdings in U.S. Bancorp were worth $15,121,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank bought a new position in shares of U.S. Bancorp in the fourth quarter valued at about $777,524,000. Invesco Ltd. increased its position in U.S. Bancorp by 48.1% in the 4th quarter. Invesco Ltd. now owns 16,787,513 shares of the financial services provider's stock valued at $802,947,000 after acquiring an additional 5,449,949 shares in the last quarter. Marshall Wace LLP raised its stake in shares of U.S. Bancorp by 414.1% in the fourth quarter. Marshall Wace LLP now owns 5,789,565 shares of the financial services provider's stock worth $276,915,000 after acquiring an additional 4,663,518 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of U.S. Bancorp during the fourth quarter worth approximately $184,733,000. Finally, FMR LLC grew its stake in shares of U.S. Bancorp by 5.0% during the fourth quarter. FMR LLC now owns 67,125,746 shares of the financial services provider's stock valued at $3,210,624,000 after purchasing an additional 3,211,815 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

Insider Activity at U.S. Bancorp

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

Analyst Ratings Changes

Several research analysts recently weighed in on USB shares. Raymond James restated an "outperform" rating and issued a $51.00 price objective (down previously from $57.00) on shares of U.S. Bancorp in a research report on Thursday, April 17th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $43.50 price target (down previously from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. Wells Fargo & Company dropped their price objective on U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Morgan Stanley cut their target price on shares of U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, Piper Sandler lowered 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $50.67.

U.S. Bancorp Stock Down 0.9%

Shares of USB stock traded down $0.39 during trading hours on Wednesday, hitting $43.99. 4,813,179 shares of the company were exchanged, compared to its average volume of 9,087,770. U.S. Bancorp has a 52 week low of $35.18 and a 52 week 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 business has a 50 day moving average of $41.03 and a two-hundred day moving average of $45.50. The company has a market capitalization of $68.54 billion, a PE ratio of 11.61, a PEG ratio of 1.73 and a beta of 0.97.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same period in the prior year, the business earned $0.78 EPS. Analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.50 per share. The ex-dividend date was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.55%. U.S. Bancorp's payout ratio is presently 49.50%.

About U.S. Bancorp

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.