Machina Capital S.A.S. Buys 85,874 Shares of U.S. Bancorp (NYSE:USB)

Machina Capital S.A.S. raised its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 565.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,050 shares of the financial services provider's stock after purchasing an additional 85,874 shares during the period. U.S. Bancorp accounts for about 1.3% of Machina Capital S.A.S.'s portfolio, making the stock its 4th biggest position. Machina Capital S.A.S.'s holdings in U.S. Bancorp were worth $4,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Covestor Ltd lifted its stake in U.S. Bancorp by 12.3% in the fourth quarter. Covestor Ltd now owns 1,955 shares of the financial services provider's stock worth $94,000 after purchasing an additional 214 shares during the last quarter. TrinityPoint Wealth LLC raised 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 buying an additional 231 shares during the period. CoreCap Advisors LLC lifted its stake in shares of U.S. Bancorp by 36.6% during the 4th quarter. CoreCap Advisors LLC now owns 904 shares of the financial services provider's stock worth $43,000 after acquiring an additional 242 shares during the last quarter. Bestgate Wealth Advisors LLC lifted its stake in shares of U.S. Bancorp by 3.3% during the 1st quarter. Bestgate Wealth Advisors LLC now owns 8,031 shares of the financial services provider's stock worth $339,000 after acquiring an additional 253 shares during the last quarter. Finally, YANKCOM Partnership boosted its holdings in U.S. Bancorp by 59.4% during the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 260 shares during the period. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $46.34, for a total value of $1,099,509.18. Following the completion of the sale, the executive vice president directly owned 70,346 shares in the company, valued at $3,259,833.64. This trade represents a 25.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is currently owned by company insiders.

U.S. Bancorp Stock Up 0.6%

Shares of USB traded up $0.26 during trading hours on Friday, hitting $46.32. The company had a trading volume of 8,082,037 shares, compared to its average volume of 12,850,706. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $72.16 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 1.45 and a beta of 0.99. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The company's fifty day moving average price is $44.96 and its two-hundred day moving average price is $44.24.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.04. The company had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.07 billion. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 earnings per share. As a group, equities analysts forecast 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, July 15th. Stockholders of record on Monday, June 30th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend was Monday, June 30th. U.S. Bancorp's payout ratio is currently 47.85%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on USB shares. The Goldman Sachs Group increased their target price on U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 10th. Truist Financial raised their price target on shares of U.S. Bancorp from $48.00 to $50.00 and gave the stock a "hold" rating in a research note on Wednesday, July 9th. Barclays decreased their price objective on shares of U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Keefe, Bruyette & Woods dropped their target price on shares of U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating on the stock in a research note on Thursday, April 17th. Finally, Oppenheimer raised their target price on shares of U.S. Bancorp from $65.00 to $66.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, U.S. Bancorp currently has an average rating of "Moderate Buy" and a consensus 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.