North Star Asset Management Inc. Raises Stock Position in U.S. Bancorp (NYSE:USB)

North Star Asset Management Inc. grew its stake in U.S. Bancorp (NYSE:USB - Free Report) by 107.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,911 shares of the financial services provider's stock after purchasing an additional 8,740 shares during the period. North Star Asset Management Inc.'s holdings in U.S. Bancorp were worth $809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Parr Mcknight Wealth Management Group LLC purchased a new position in U.S. Bancorp during the fourth quarter worth about $510,000. WCG Wealth Advisors LLC acquired a new position in U.S. Bancorp in the fourth quarter valued at approximately $553,000. Vise Technologies Inc. grew its position in U.S. Bancorp by 77.7% in the fourth quarter. Vise Technologies Inc. now owns 14,704 shares of the financial services provider's stock worth $703,000 after acquiring an additional 6,430 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in U.S. Bancorp by 14.8% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 298,825 shares of the financial services provider's stock worth $14,293,000 after acquiring an additional 38,454 shares during the period. Finally, Focus Partners Advisor Solutions LLC increased its stake in U.S. Bancorp by 30.5% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 101,171 shares of the financial services provider's stock worth $4,839,000 after acquiring an additional 23,665 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Piper Sandler decreased their price target on U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Wolfe Research raised shares of U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price for the company in a research note on Thursday, April 3rd. TD Cowen assumed coverage on shares of U.S. Bancorp in a research note on Thursday, May 15th. They issued a "buy" rating and a $60.00 price target on the stock. Bank of America decreased their price objective on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Finally, The Goldman Sachs Group dropped their target price on shares of U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $50.89.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani acquired 5,000 shares of the company's 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 acquisition, the director now owns 15,000 shares in the company, valued at $559,800. The trade was a 50.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Stock Down 0.6%

NYSE USB traded down $0.26 during trading hours on Friday, hitting $43.50. 1,639,417 shares of the company were exchanged, compared to its average volume of 9,056,568. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The firm has a market cap of $67.78 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 1.73 and a beta of 0.97. The company has a 50 day moving average of $41.01 and a two-hundred day moving average of $45.67. U.S. Bancorp has a 52-week low of $35.18 and a 52-week 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 analysts' consensus estimates of $0.97 by $0.06. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. During the same period in the previous year, the company posted $0.78 earnings per share. Equities research analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.50 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.60%. U.S. Bancorp's payout ratio is 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.