Woodline Partners LP Buys New Holdings in U.S. Bancorp (NYSE:USB)

Woodline Partners LP purchased a new stake in U.S. Bancorp (NYSE:USB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 93,686 shares of the financial services provider's stock, valued at approximately $4,481,000.

Other hedge funds also recently bought and sold shares of the company. Simon Quick Advisors LLC raised its position in shares of U.S. Bancorp by 7.0% during the 4th quarter. Simon Quick Advisors LLC now owns 6,057 shares of the financial services provider's stock worth $290,000 after acquiring an additional 398 shares in the last quarter. SG Americas Securities LLC increased its position in U.S. Bancorp by 624.9% during the fourth quarter. SG Americas Securities LLC now owns 347,998 shares of the financial services provider's stock worth $16,645,000 after buying an additional 299,993 shares during the period. Red Door Wealth Management LLC acquired a new position in U.S. Bancorp during the fourth quarter worth approximately $256,000. Secure Asset Management LLC increased its position in U.S. Bancorp by 3.1% during the fourth quarter. Secure Asset Management LLC now owns 9,510 shares of the financial services provider's stock worth $455,000 after buying an additional 289 shares during the period. Finally, Brighton Jones LLC increased its position in U.S. Bancorp by 323.0% during the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider's stock worth $2,309,000 after buying an additional 36,863 shares during the period. Institutional investors and hedge funds own 77.60% of the company's stock.

Analyst Upgrades and Downgrades

USB has been the topic of several analyst reports. Wolfe Research upgraded U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price on the stock in a research note on Thursday, April 3rd. Truist Financial lowered their target price on U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Citigroup lowered their target price on U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Piper Sandler lowered their target price on U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, Oppenheimer lifted their target price on U.S. Bancorp from $57.00 to $59.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $50.89.

Insiders Place Their Bets

In related news, Director Aleem Gillani bought 5,000 shares of the company's stock in a transaction that occurred on Monday, April 21st. The shares were acquired at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the acquisition, the director now owns 15,000 shares of the company's stock, valued at approximately $559,800. The trade was a 50.00% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.23% of the company's stock.

U.S. Bancorp Trading Up 0.4%

Shares of NYSE:USB traded up $0.17 during midday trading on Thursday, hitting $43.40. The company had a trading volume of 1,829,518 shares, compared to its average volume of 9,057,868. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The stock has a market cap of $67.62 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 1.73 and a beta of 0.97. The firm has a fifty day simple moving average of $41.01 and a 200 day simple moving average of $45.72.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.06. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates 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 period last year, the company earned $0.78 EPS. On average, analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 4.61%. U.S. Bancorp's dividend payout ratio is presently 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.