Aptus Capital Advisors LLC Increases Holdings in U.S. Bancorp (NYSE:USB)

Aptus Capital Advisors LLC increased its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 397.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 82,681 shares of the financial services provider's stock after purchasing an additional 66,062 shares during the quarter. Aptus Capital Advisors LLC's holdings in U.S. Bancorp were worth $3,990,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of USB. Franklin Resources Inc. boosted its holdings in U.S. Bancorp by 153.0% in the third quarter. Franklin Resources Inc. now owns 7,949,347 shares of the financial services provider's stock valued at $374,573,000 after acquiring an additional 4,807,662 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in U.S. Bancorp by 4.4% in the third quarter. Principal Financial Group Inc. now owns 1,763,816 shares of the financial services provider's stock valued at $80,659,000 after buying an additional 75,104 shares during the period. Versant Capital Management Inc raised its position in shares of U.S. Bancorp by 47.5% in the 4th quarter. Versant Capital Management Inc now owns 1,217 shares of the financial services provider's stock worth $58,000 after acquiring an additional 392 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of U.S. Bancorp by 139.2% in the 4th quarter. Nordea Investment Management AB now owns 285,583 shares of the financial services provider's stock valued at $13,685,000 after purchasing an additional 166,168 shares during the period. Finally, CWA Asset Management Group LLC grew its stake in U.S. Bancorp by 98.8% during the fourth quarter. CWA Asset Management Group LLC now owns 10,843 shares of the financial services provider's stock worth $519,000 after purchasing an additional 5,390 shares during the period. Institutional investors own 77.60% of the company's stock.

U.S. Bancorp Stock Up 1.9 %

NYSE USB traded up $0.78 during trading hours on Thursday, reaching $42.08. 8,840,433 shares of the company's stock traded hands, compared to its average volume of 9,093,771. The firm has a market cap of $65.56 billion, a PE ratio of 11.10, a PEG ratio of 1.73 and a beta of 0.97. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98. The firm has a 50-day simple moving average of $40.84 and a 200 day simple moving average of $46.23.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its earnings results 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 firm 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 period in the prior year, the firm posted $0.78 earnings per share. Sell-side analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.75%. The ex-dividend date was Monday, March 31st. U.S. Bancorp's dividend payout ratio (DPR) is currently 49.50%.

Analysts Set New Price Targets

A number of equities research analysts have commented on USB shares. Morgan Stanley reduced their price objective on U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating for the company in a research note 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 price target on the stock in a report on Thursday, April 3rd. Piper Sandler cut their target price on shares of 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. Wells Fargo & Company dropped their price target on U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and set a $43.50 price target (down from $51.00) on shares of U.S. Bancorp in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, U.S. Bancorp has an average rating of "Moderate Buy" and an average price target of $50.48.

Insider Buying and Selling

In other U.S. Bancorp news, Director Aleem Gillani purchased 5,000 shares of the stock in a transaction dated Monday, April 21st. The shares were purchased at an average cost of $37.32 per share, with a total value of $186,600.00. Following the completion of the acquisition, the director now directly owns 15,000 shares in the company, valued at $559,800. This trade represents a 50.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.23% of the stock is owned by company insiders.

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.