Woodline Partners LP Makes New $4.48 Million Investment in U.S. Bancorp (NYSE:USB)

Woodline Partners LP bought a new position in shares of U.S. Bancorp (NYSE:USB - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 93,686 shares of the financial services provider's stock, valued at approximately $4,481,000.

Several other large investors also recently bought and sold shares of USB. FIL Ltd grew its stake in U.S. Bancorp by 42.0% in the 4th quarter. FIL Ltd now owns 28,872 shares of the financial services provider's stock valued at $1,381,000 after acquiring an additional 8,542 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of U.S. Bancorp by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider's stock valued at $6,640,569,000 after purchasing an additional 1,079,056 shares in the last quarter. M&T Bank Corp grew its position in shares of U.S. Bancorp by 36.9% in the fourth quarter. M&T Bank Corp now owns 1,158,848 shares of the financial services provider's stock valued at $55,427,000 after purchasing an additional 312,504 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of U.S. Bancorp by 11.3% during the 4th quarter. D.A. Davidson & CO. now owns 380,767 shares of the financial services provider's stock worth $18,212,000 after purchasing an additional 38,802 shares in the last quarter. Finally, Swedbank AB raised its position in shares of U.S. Bancorp by 2.4% during the 4th quarter. Swedbank AB now owns 554,489 shares of the financial services provider's stock worth $26,521,000 after purchasing an additional 13,223 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

Insider Transactions at U.S. Bancorp

In other news, Director Aleem Gillani purchased 5,000 shares of the company's stock in a transaction that occurred on Monday, April 21st. The shares were purchased at an average price of $37.32 per share, with a total value of $186,600.00. Following the purchase, the director now directly owns 15,000 shares of the company's stock, valued at approximately $559,800. This represents a 50.00% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.23% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on USB. Piper Sandler dropped their price target on U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. DA Davidson dropped their price objective on U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Wolfe Research raised shares of U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price for the company in a research note on Thursday, April 3rd. TD Cowen initiated coverage on shares of U.S. Bancorp in a research note on Thursday, May 15th. They set a "buy" rating and a $60.00 price target on the stock. Finally, Bank of America lowered their price target on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a report on Monday, March 17th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, U.S. Bancorp presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.89.

U.S. Bancorp Trading Up 1.8%

Shares of USB stock traded up $0.78 during mid-day trading on Tuesday, reaching $43.72. The company's stock had a trading volume of 6,500,308 shares, compared to its average volume of 9,096,746. The company's 50 day simple moving average is $40.98 and its 200-day simple moving average is $45.75. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. 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 $68.12 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.06. The company had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $6.92 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. During the same quarter in the previous year, the firm posted $0.78 earnings per share. On average, research analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.50 per share. The ex-dividend date was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.57%. U.S. Bancorp's dividend payout ratio is currently 49.50%.

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.