U.S. Bancorp (NYSE:USB) Shares Purchased by Captrust Financial Advisors

Captrust Financial Advisors boosted its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 242,743 shares of the financial services provider's stock after buying an additional 10,833 shares during the period. Captrust Financial Advisors' holdings in U.S. Bancorp were worth $11,610,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. raised 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 worth $80,659,000 after purchasing an additional 75,104 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of U.S. Bancorp by 139.2% during the 4th quarter. Nordea Investment Management AB now owns 285,583 shares of the financial services provider's stock worth $13,685,000 after acquiring an additional 166,168 shares in the last quarter. CWA Asset Management Group LLC lifted its position 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 valued at $519,000 after acquiring an additional 5,390 shares during the last quarter. Bank of New Hampshire boosted its stake in U.S. Bancorp by 8.9% in the fourth quarter. Bank of New Hampshire now owns 3,652 shares of the financial services provider's stock valued at $175,000 after acquiring an additional 300 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in U.S. Bancorp in the fourth quarter worth $1,018,000. Institutional investors own 77.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. The Goldman Sachs Group dropped their target price on U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Wells Fargo & Company lowered their target price on shares of 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. Morgan Stanley cut their price target on shares of U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Citigroup lowered their price objective on shares of U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Finally, Piper Sandler cut their target price on U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $50.48.

U.S. Bancorp Price Performance

Shares of USB stock traded down $0.13 during trading hours on Friday, hitting $42.01. 6,997,653 shares of the company's stock were exchanged, compared to its average volume of 9,113,103. The firm has a 50 day moving average of $40.71 and a two-hundred day moving average of $46.14. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98. The firm has a market cap of $65.45 billion, a P/E ratio of 11.08, a P/E/G ratio of 1.73 and a beta of 0.97. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

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. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The business had revenue of $6.96 billion during the quarter, compared to analysts' expectations of $6.92 billion. During the same quarter in the previous year, the company earned $0.78 earnings per share. Sell-side analysts forecast that U.S. Bancorp will post 4.38 EPS for the current 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 4.76%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp's payout ratio is 49.50%.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani bought 5,000 shares of U.S. Bancorp stock in a transaction dated Monday, April 21st. The stock was acquired at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the transaction, the director now directly owns 15,000 shares of the company's stock, valued at approximately $559,800. This represents a 50.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is owned by corporate 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.