Searle & CO. Invests $1.70 Million in U.S. Bancorp (NYSE:USB)

Searle & CO. purchased a new stake in shares of U.S. Bancorp (NYSE:USB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 39,203 shares of the financial services provider's stock, valued at approximately $1,697,000.

Several other large investors have also recently bought and sold shares of USB. Vanguard Group Inc. lifted its position in shares of U.S. Bancorp by 5.0% in the third quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider's stock valued at $4,513,127,000 after buying an additional 6,479,642 shares during the last quarter. Mufg Bank LTD. lifted its holdings in U.S. Bancorp by 54.1% during the 3rd quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider's stock worth $2,260,450,000 after purchasing an additional 24,000,000 shares during the last quarter. FMR LLC lifted its holdings in U.S. Bancorp by 1.8% during the 3rd quarter. FMR LLC now owns 37,470,199 shares of the financial services provider's stock worth $1,238,765,000 after purchasing an additional 674,583 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in U.S. Bancorp by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,120,947 shares of the financial services provider's stock worth $1,028,859,000 after acquiring an additional 1,610,004 shares during the period. Finally, Aristotle Capital Management LLC increased its stake in U.S. Bancorp by 266.6% during the 3rd quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider's stock worth $775,842,000 after acquiring an additional 17,066,479 shares during the period. 77.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on USB. DA Davidson lowered their price objective on U.S. Bancorp from $45.00 to $44.00 and set a "neutral" rating on the stock in a research note on Thursday, April 18th. Royal Bank of Canada raised their price objective on U.S. Bancorp from $43.00 to $47.00 and gave the stock an "outperform" rating in a research note on Thursday, January 18th. Oppenheimer lowered their price objective on U.S. Bancorp from $55.00 to $54.00 and set an "outperform" rating on the stock in a research note on Thursday, April 18th. Piper Sandler reiterated a "neutral" rating on shares of U.S. Bancorp in a research note on Friday, January 26th. Finally, Compass Point upgraded U.S. Bancorp from a "neutral" rating to a "buy" rating and lifted their price target for the company from $46.00 to $49.00 in a research note on Friday, March 22nd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $46.02.

U.S. Bancorp Price Performance

USB stock traded up $0.42 during midday trading on Wednesday, reaching $41.05. 5,844,995 shares of the stock were exchanged, compared to its average volume of 8,632,570. The stock has a market capitalization of $63.96 billion, a PE ratio of 13.59, a P/E/G ratio of 2.15 and a beta of 1.05. U.S. Bancorp has a 52 week low of $27.27 and a 52 week high of $45.85. The company has a fifty day moving average price of $42.33 and a 200 day moving average price of $40.34. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. The firm had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The business's quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.16 EPS. As a group, analysts expect that U.S. Bancorp will post 3.85 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 4.77%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp's payout ratio is presently 64.90%.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the transaction, the executive vice president now directly owns 164,880 shares of the company's stock, valued at approximately $6,837,573.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.23% of the company's stock.

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.