6,966 Shares in U.S. Bancorp (NYSE:USB) Purchased by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd bought a new position in shares of U.S. Bancorp (NYSE:USB - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,966 shares of the financial services provider's stock, valued at approximately $333,000.

Several other institutional investors have also recently added to or reduced their stakes in USB. Vanguard Group Inc. grew its holdings in shares of U.S. Bancorp by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider's stock worth $6,640,569,000 after purchasing an additional 1,079,056 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in U.S. Bancorp by 5.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 49,789,725 shares of the financial services provider's stock worth $2,381,443,000 after buying an additional 2,460,845 shares during the last quarter. Geode Capital Management LLC lifted its stake in U.S. Bancorp by 2.6% in 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 buying an additional 850,763 shares during the last quarter. Amundi boosted its holdings in shares of U.S. Bancorp by 7.4% in the fourth quarter. Amundi now owns 19,485,615 shares of the financial services provider's stock valued at $945,268,000 after acquiring an additional 1,341,407 shares during the period. Finally, Norges Bank purchased a new position in shares of U.S. Bancorp during the fourth quarter worth approximately $777,524,000. Hedge funds and other institutional investors own 77.60% of the company's stock.

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U.S. Bancorp Price Performance

Shares of USB traded up $0.60 on Friday, reaching $37.85. The stock had a trading volume of 18,550,879 shares, compared to its average volume of 8,981,594. The firm has a 50-day moving average of $43.46 and a 200 day moving average of $47.02. The firm has a market capitalization of $58.97 billion, a PE ratio of 9.99, a PEG ratio of 1.73 and a beta of 0.91. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98. 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 posted its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. During the same quarter in the prior year, the company earned $0.99 earnings per share. U.S. Bancorp's revenue was up 3.7% compared to the same quarter last year. Sell-side analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date is Monday, March 31st. U.S. Bancorp's payout ratio is currently 52.77%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Morgan Stanley decreased their price target on shares of U.S. Bancorp from $55.00 to $51.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Wolfe Research raised 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. Raymond James raised U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 price objective for the company in a research note on Thursday, December 19th. Truist Financial lowered their target price on U.S. Bancorp from $54.00 to $51.00 and set a "hold" rating on the stock in a research note on Friday, April 4th. Finally, Bank of America cut their price target on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a research note on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, U.S. Bancorp currently has an average rating of "Moderate Buy" and an average price target of $52.52.

Insider Buying and Selling at U.S. Bancorp

In other news, EVP James L. Chosy sold 21,451 shares of U.S. Bancorp stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total transaction of $1,022,140.15. Following the completion of the sale, the executive vice president now directly owns 198,127 shares in the company, valued at $9,440,751.55. The trade was a 9.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew Cecere sold 102,044 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the transaction, the chief executive officer now directly owns 1,230,316 shares in the company, valued at $58,132,431. The trade was a 7.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 219,812 shares of company stock valued at $10,385,665 over the last quarter. Corporate insiders own 0.23% of the company's stock.

U.S. Bancorp 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.