U.S. Bancorp (NYSE:USB) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 11.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,574,919 shares of the financial services provider's stock after buying an additional 1,339,493 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.81% of U.S. Bancorp worth $601,458,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. J.Safra Asset Management Corp acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth $26,000. FPC Investment Advisory Inc. acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth $28,000. Stonebridge Financial Group LLC acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth $30,000. Picton Mahoney Asset Management acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth $30,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth $31,000. Institutional investors and hedge funds own 77.60% of the company's stock.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani bought 5,000 shares of the company's stock in a transaction dated Monday, April 21st. The shares were acquired at an average cost of $37.32 per share, with a total value of $186,600.00. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at $559,800. The trade was a 50.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Truist Financial decreased their price objective on U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $43.50 target price (down from $51.00) on shares of U.S. Bancorp in a research report on Thursday, April 3rd. The Goldman Sachs Group cut their target price on 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. Oppenheimer increased their target price on U.S. Bancorp from $57.00 to $59.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Finally, Citigroup cut their target price on U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $50.89.

U.S. Bancorp Trading Down 0.9%

NYSE:USB opened at $44.40 on Wednesday. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The firm has a market capitalization of $69.18 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The business's 50-day moving average is $40.92 and its two-hundred day moving average is $45.95.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same period in the previous year, the company earned $0.78 earnings per share. Research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend was Monday, March 31st. 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.

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