Victory Capital Management Inc. Has $30.85 Million Holdings in U.S. Bancorp (NYSE:USB)

Victory Capital Management Inc. raised its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 2.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 730,630 shares of the financial services provider's stock after purchasing an additional 15,374 shares during the period. Victory Capital Management Inc.'s holdings in U.S. Bancorp were worth $30,847,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FIL Ltd increased its position in U.S. Bancorp by 42.0% during the fourth quarter. FIL Ltd now owns 28,872 shares of the financial services provider's stock worth $1,381,000 after buying an additional 8,542 shares during the last quarter. Wesbanco Bank Inc. raised its stake in shares of U.S. Bancorp by 31.6% in the 1st quarter. Wesbanco Bank Inc. now owns 325,056 shares of the financial services provider's stock valued at $13,724,000 after acquiring an additional 78,146 shares in the last quarter. Vanguard Group Inc. lifted its holdings in U.S. Bancorp by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider's stock worth $6,640,569,000 after purchasing an additional 1,079,056 shares during the last quarter. Becker Capital Management Inc. boosted its position in U.S. Bancorp by 1.5% during the fourth quarter. Becker Capital Management Inc. now owns 560,095 shares of the financial services provider's stock worth $27,069,000 after purchasing an additional 8,204 shares during the period. Finally, United Community Bank grew its holdings in U.S. Bancorp by 21.8% during the first quarter. United Community Bank now owns 49,066 shares of the financial services provider's stock valued at $2,072,000 after purchasing an additional 8,796 shares during the last quarter. Institutional investors own 77.60% of the company's stock.

U.S. Bancorp Stock Performance

Shares of USB stock traded down $0.20 during midday trading on Thursday, hitting $46.09. 9,024,771 shares of the company were exchanged, compared to its average volume of 13,071,279. The firm has a market capitalization of $71.82 billion, a P/E ratio of 11.03, a PEG ratio of 1.46 and a beta of 0.99. The firm's 50 day moving average price is $44.96 and its two-hundred day moving average price is $44.24. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81. 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 posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.04. The firm 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 company's revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $0.98 EPS. As a group, equities research analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 4.34%. U.S. Bancorp's dividend payout ratio is 47.85%.

Insider Transactions 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 on Monday, July 21st. The stock was sold at an average price of $46.34, for a total value of $1,099,509.18. Following the sale, the executive vice president owned 70,346 shares of the company's stock, valued at approximately $3,259,833.64. This trade represents a 25.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Truist Financial upped their price target on shares of U.S. Bancorp from $48.00 to $50.00 and gave the company a "hold" rating in a report on Wednesday, July 9th. Barclays lowered their price target on shares of U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Piper Sandler reduced their price objective on shares of U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Keefe, Bruyette & Woods dropped their price target on shares of U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating for the company in a research report on Thursday, April 17th. Finally, The Goldman Sachs Group boosted their price target on shares of U.S. Bancorp from $41.00 to $46.00 and gave the company a "neutral" rating in a research report on Tuesday, June 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $52.50.

U.S. Bancorp Company 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.