B. Metzler seel. Sohn & Co. AG grew its position in U.S. Bancorp (NYSE:USB - Free Report) by 21.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 151,326 shares of the financial services provider's stock after purchasing an additional 27,009 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in U.S. Bancorp were worth $9,140,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in USB. Inceptionr LLC grew its holdings in U.S. Bancorp by 424.4% during the fourth quarter. Inceptionr LLC now owns 27,614 shares of the financial services provider's stock worth $1,473,000 after acquiring an additional 22,348 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of U.S. Bancorp by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,369,212 shares of the financial services provider's stock valued at $539,232,000 after buying an additional 93,025 shares in the last quarter. Keudell Morrison Wealth Management purchased a new stake in U.S. Bancorp in the 4th quarter worth $2,856,000. Principal Financial Group Inc. raised its position in U.S. Bancorp by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 1,769,589 shares of the financial services provider's stock worth $94,425,000 after acquiring an additional 49,733 shares during the period. Finally, Mufg Bank LTD. acquired a new stake in shares of U.S. Bancorp in the second quarter valued at about $2,680,199,000. Hedge funds and other institutional investors own 77.60% of the company's stock.
U.S. Bancorp Stock Up 2.6%
USB stock opened at $62.79 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.96. The firm has a 50-day moving average of $62.98 and a two-hundred day moving average of $57.79. U.S. Bancorp has a 12 month low of $45.02 and a 12 month high of $66.07. The company has a market cap of $97.84 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 1.09 and a beta of 0.95.
U.S. Bancorp (NYSE:USB - Get Free Report) last issued its earnings results on Thursday, July 16th. The financial services provider reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.07. The business had revenue of $7.69 billion for the quarter, compared to analysts' expectations of $7.58 billion. U.S. Bancorp had a return on equity of 13.69% and a net margin of 18.49%.During the same period in the previous year, the firm posted $1.11 EPS. As a group, analysts forecast that U.S. Bancorp will post 5.22 earnings per share for the current fiscal year.
U.S. Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.52 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.08 dividend on an annualized basis and a yield of 3.3%. U.S. Bancorp's dividend payout ratio (DPR) is presently 41.52%.
Insiders Place Their Bets
In other U.S. Bancorp news, CEO Gunjan Kedia sold 27,267 shares of the company's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $62.37, for a total value of $1,700,642.79. Following the completion of the sale, the chief executive officer directly owned 426,262 shares in the company, valued at $26,585,960.94. This represents a 6.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen L. Philipson sold 36,906 shares of the firm's stock in a transaction on Monday, July 20th. The stock was sold at an average price of $63.08, for a total value of $2,328,030.48. Following the completion of the sale, the insider directly owned 74,969 shares of the company's stock, valued at $4,729,044.52. This trade represents a 32.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.21% of the company's stock.
Analyst Ratings Changes
Several research firms recently weighed in on USB. Truist Financial upped their price target on shares of U.S. Bancorp from $66.00 to $69.00 and gave the stock a "buy" rating in a research report on Friday, July 17th. Royal Bank Of Canada reissued an "outperform" rating and set a $68.00 target price on shares of U.S. Bancorp in a report on Monday, August 24th. Barclays lifted their price target on U.S. Bancorp from $67.00 to $75.00 and gave the stock an "overweight" rating in a research note on Friday, July 17th. Morgan Stanley boosted their price target on U.S. Bancorp from $64.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Monday, June 29th. Finally, JPMorgan Chase & Co. increased their price objective on U.S. Bancorp from $67.50 to $69.00 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $67.06.
Read Our Latest Stock Analysis on U.S. Bancorp
U.S. Bancorp Profile
(
Free Report)
U.S. Bancorp NYSE: USB is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.
Headquartered in Minneapolis, Minnesota, U.S.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider U.S. Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and U.S. Bancorp wasn't on the list.
While U.S. Bancorp currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
