U.S. Bancorp (NYSE:USB) Holdings Lifted by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI boosted its stake in U.S. Bancorp (NYSE:USB - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 115,048 shares of the financial services provider's stock after purchasing an additional 6,236 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in U.S. Bancorp were worth $5,552,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Winch Advisory Services LLC grew its stake in shares of U.S. Bancorp by 1,088.9% during the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 490 shares during the period. FPC Investment Advisory Inc. purchased a new position in shares of U.S. Bancorp in the fourth quarter worth approximately $28,000. Frazier Financial Advisors LLC grew its position in U.S. Bancorp by 222.7% during the third quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider's stock valued at $29,000 after buying an additional 441 shares during the period. Global Wealth Strategies & Associates increased its holdings in U.S. Bancorp by 70.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider's stock valued at $29,000 after buying an additional 250 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in U.S. Bancorp in the fourth quarter worth approximately $30,000. 77.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

U.S. Bancorp Trading Up 0.3 %

Shares of USB stock traded up $0.12 during trading on Wednesday, hitting $44.73. 5,376,726 shares of the stock traded hands, compared to its average volume of 9,117,349. U.S. Bancorp has a 52-week low of $37.81 and a 52-week high of $53.98. The firm has a market capitalization of $69.78 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. The firm's fifty day moving average price is $47.79 and its 200-day moving average price is $47.91. 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 (NYSE:USB - Get Free Report) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.01. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The business had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. During the same period in the previous year, the firm earned $0.99 EPS. The business's revenue was up 3.7% on a year-over-year basis. As a group, research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.47%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp's payout ratio is currently 52.77%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on USB shares. Citigroup raised shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $49.00 to $65.00 in a research report on Monday, November 25th. Barclays raised their price objective on U.S. Bancorp from $57.00 to $61.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Oppenheimer boosted their price objective on U.S. Bancorp from $62.00 to $63.00 and gave the company an "outperform" rating in a research note on Friday, January 17th. Piper Sandler raised shares of U.S. Bancorp from a "neutral" rating to an "overweight" rating and set a $58.00 target price for the company in a report on Monday, January 13th. Finally, Truist Financial initiated coverage on shares of U.S. Bancorp in a report on Tuesday, January 7th. They set a "hold" rating and a $54.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.21.

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.