Natixis Advisors L.P. Acquires 128,294 Shares of U.S. Bancorp (NYSE:USB)

Natixis Advisors L.P. raised its stake in U.S. Bancorp (NYSE:USB - Free Report) by 34.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 505,715 shares of the financial services provider's stock after buying an additional 128,294 shares during the period. Natixis Advisors L.P.'s holdings in U.S. Bancorp were worth $21,887,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in USB. Mufg Bank LTD. boosted its holdings in U.S. Bancorp by 54.1% in the third quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider's stock valued at $2,260,450,000 after acquiring an additional 24,000,000 shares during the last quarter. Aristotle Capital Management LLC grew its stake in shares of U.S. Bancorp by 266.6% in the 3rd quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider's stock valued at $775,842,000 after buying an additional 17,066,479 shares during the period. Vanguard Group Inc. increased its position in U.S. Bancorp by 5.0% in the 3rd 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 in the last quarter. Barclays PLC boosted its holdings in U.S. Bancorp by 120.4% in the third quarter. Barclays PLC now owns 8,810,834 shares of the financial services provider's stock worth $291,285,000 after acquiring an additional 4,813,976 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in U.S. Bancorp in the third quarter valued at approximately $65,684,000. Institutional investors and hedge funds own 77.60% of the company's stock.

Insider Buying and Selling

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 completion of the sale, the executive vice president now owns 164,880 shares of the company's stock, valued at $6,837,573.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.23% of the stock is owned by company insiders.

U.S. Bancorp Stock Performance

NYSE:USB traded up $0.41 during trading hours on Monday, reaching $41.82. The stock had a trading volume of 6,429,589 shares, compared to its average volume of 8,545,029. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. The stock has a 50 day simple moving average of $42.34 and a 200 day simple moving average of $40.56. U.S. Bancorp has a 12-month low of $28.53 and a 12-month high of $45.85. The stock has a market cap of $65.26 billion, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. The company had revenue of $6.72 billion during the quarter, compared to analysts' expectations of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The firm'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 earnings per share. On average, research analysts forecast that U.S. Bancorp will post 3.84 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 4.69%. The ex-dividend date of this dividend was Wednesday, March 27th. U.S. Bancorp's payout ratio is 64.90%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on USB shares. Jefferies Financial Group upped their target price on U.S. Bancorp from $44.00 to $46.00 and gave the stock a "hold" rating in a research report on Monday, April 8th. Evercore ISI lifted their price objective on shares of U.S. Bancorp from $46.00 to $48.00 and gave the company an "in-line" rating in a report on Thursday, March 28th. Barclays lowered their target price on shares of U.S. Bancorp from $56.00 to $52.00 and set an "overweight" rating on the stock in a report on Thursday, April 18th. JPMorgan Chase & Co. cut their price target on U.S. Bancorp from $45.00 to $43.50 and set an "overweight" rating for the company in a research note on Wednesday, May 1st. Finally, Piper Sandler reissued a "neutral" rating on shares of U.S. Bancorp in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, U.S. Bancorp has a consensus rating of "Hold" and an average price target of $46.02.

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.