Global Frontier Investments LLC Invests $26.70 Million in U.S. Bancorp (NYSE:USB)

Global Frontier Investments LLC bought a new stake in shares of U.S. Bancorp (NYSE:USB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 558,000 shares of the financial services provider's stock, valued at approximately $26,700,000. U.S. Bancorp makes up 6.9% of Global Frontier Investments LLC's portfolio, making the stock its 6th largest position.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position 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 valued at $6,640,569,000 after buying an additional 1,079,056 shares in the last quarter. FMR LLC lifted its stake in shares of U.S. Bancorp by 5.0% in the 4th quarter. FMR LLC now owns 67,125,746 shares of the financial services provider's stock worth $3,210,624,000 after acquiring an additional 3,211,815 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of U.S. Bancorp by 5.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 49,789,725 shares of the financial services provider's stock valued at $2,381,443,000 after acquiring an additional 2,460,845 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of U.S. Bancorp by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 33,937,360 shares of the financial services provider's stock valued at $1,618,948,000 after acquiring an additional 850,763 shares during the period. Finally, Amundi raised its holdings in U.S. Bancorp by 7.4% during the fourth quarter. Amundi now owns 19,485,615 shares of the financial services provider's stock worth $945,268,000 after purchasing an additional 1,341,407 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

U.S. Bancorp Stock Down 0.3 %

USB stock traded down $0.13 during mid-day trading on Wednesday, hitting $40.37. The stock had a trading volume of 10,561,098 shares, compared to its average volume of 9,087,084. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The company has a fifty day moving average of $41.33 and a 200 day moving average of $46.49. 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 capitalization of $62.90 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 1.73 and a beta of 0.91.

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 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same quarter last year, the firm earned $0.78 earnings per share. On average, equities analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date was Monday, March 31st. U.S. Bancorp's dividend payout ratio is 49.50%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on USB shares. Royal Bank of Canada lowered their price target on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Morgan Stanley lowered their target price on U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. The Goldman Sachs Group cut their price target on shares of U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Bank of America lowered their price objective on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Finally, Truist Financial cut their target price on shares of U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $50.48.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, insider Terrance R. Dolan sold 66,317 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total value of $3,114,246.32. Following the sale, the insider now owns 209,482 shares of the company's stock, valued at $9,837,274.72. This trade represents a 24.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Andrew Cecere sold 102,044 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the completion of the sale, the chief executive officer now owns 1,230,316 shares in the company, valued at approximately $58,132,431. The trade was a 7.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 219,812 shares of company stock valued at $10,385,665. Corporate insiders own 0.23% of the company's stock.

About U.S. Bancorp

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.