U.S. Bancorp (NYSE:USB) Shares Purchased by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich raised its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 2.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,589,198 shares of the financial services provider's stock after acquiring an additional 32,518 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned 0.10% of U.S. Bancorp worth $72,783,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Covestor Ltd increased its holdings in shares of U.S. Bancorp by 12.3% in the 4th quarter. Covestor Ltd now owns 1,955 shares of the financial services provider's stock worth $94,000 after purchasing an additional 214 shares in the last quarter. TrinityPoint Wealth LLC grew its holdings 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 worth $495,000 after acquiring an additional 231 shares during the period. CoreCap Advisors LLC grew its holdings in U.S. Bancorp by 36.6% during the fourth quarter. CoreCap Advisors LLC now owns 904 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 242 shares during the period. Bestgate Wealth Advisors LLC grew its holdings in U.S. Bancorp by 3.3% during the first quarter. Bestgate Wealth Advisors LLC now owns 8,031 shares of the financial services provider's stock valued at $339,000 after purchasing an additional 253 shares during the period. Finally, YANKCOM Partnership lifted its position in shares of U.S. Bancorp by 59.4% in the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 260 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

U.S. Bancorp Stock Performance

NYSE USB traded up $0.42 during trading hours on Tuesday, hitting $46.20. 2,494,972 shares of the stock were exchanged, compared to its average volume of 9,461,892. The company has a market cap of $71.98 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 1.75 and a beta of 0.99. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The stock has a 50-day moving average of $44.82 and a 200 day moving average of $44.25. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.04. The company had revenue of $7.06 billion during the quarter, compared to analysts' expectations of $7.07 billion. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $0.98 earnings per share. As a group, equities research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date was Monday, June 30th. U.S. Bancorp's dividend payout ratio is currently 47.85%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wall Street Zen raised U.S. Bancorp from a "sell" rating to a "hold" rating in a research note on Friday. TD Cowen started coverage on U.S. Bancorp in a report on Thursday, May 15th. They set a "buy" rating and a $60.00 target price for the company. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $43.50 price objective (down previously from $51.00) on shares of U.S. Bancorp in a report on Thursday, April 3rd. Truist Financial raised their target price on U.S. Bancorp from $48.00 to $50.00 and gave the stock a "hold" rating in a research note on Wednesday, July 9th. Finally, Evercore ISI increased their price target on U.S. Bancorp from $44.00 to $49.00 and gave the stock an "in-line" rating in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $52.50.

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.

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