Vontobel Holding Ltd. Acquires 11,483 Shares of U.S. Bancorp (NYSE:USB)

Vontobel Holding Ltd. increased its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 36.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,636 shares of the financial services provider's stock after acquiring an additional 11,483 shares during the quarter. Vontobel Holding Ltd.'s holdings in U.S. Bancorp were worth $1,800,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Westend Capital Management LLC bought a new position in U.S. Bancorp in the 1st quarter valued at about $27,000. Picton Mahoney Asset Management bought a new position in U.S. Bancorp in the 4th quarter valued at about $30,000. Alpine Bank Wealth Management bought a new position in U.S. Bancorp in the 1st quarter valued at about $30,000. Millstone Evans Group LLC bought a new position in U.S. Bancorp in the 4th quarter valued at about $31,000. Finally, REAP Financial Group LLC increased its holdings in U.S. Bancorp by 86.1% in the 4th quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock valued at $31,000 after buying an additional 297 shares during the period. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Stock Up 0.5%

NYSE:USB opened at $47.73 on Friday. The firm's 50 day simple moving average is $43.70 and its 200 day simple moving average is $44.41. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.80 and a quick ratio of 0.80. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The company has a market cap of $74.36 billion, a PE ratio of 11.81, a P/E/G ratio of 1.80 and a beta of 0.99.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly 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. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.92 billion. U.S. Bancorp had a net margin of 15.70% and a return on equity of 13.02%. During the same quarter in the previous year, the company earned $0.78 EPS. On average, 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 will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.19%. U.S. Bancorp's dividend payout ratio (DPR) is currently 49.50%.

Insider Activity

In other news, Director Aleem Gillani purchased 5,000 shares of the company's stock in a transaction dated Monday, April 21st. The shares were purchased at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the transaction, the director owned 15,000 shares of the company's stock, valued at approximately $559,800. This trade represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.23% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on USB shares. Piper Sandler decreased their target price on shares of U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Raymond James Financial restated an "outperform" rating and issued a $51.00 price target (down from $57.00) on shares of U.S. Bancorp in a research note on Thursday, April 17th. The Goldman Sachs Group upped their price objective on shares of U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 10th. Barclays dropped 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 research note on Thursday, April 17th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating for the company in a research note on Thursday, April 17th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $51.34.

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.

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