Empirical Asset Management LLC Has $1.19 Million Stake in U.S. Bancorp (NYSE:USB)

Empirical Asset Management LLC increased its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 63.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,821 shares of the financial services provider's stock after buying an additional 9,658 shares during the quarter. Empirical Asset Management LLC's holdings in U.S. Bancorp were worth $1,187,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of U.S. Bancorp by 1.2% in the third quarter. State Street Corp now owns 67,282,970 shares of the financial services provider's stock valued at $3,110,115,000 after purchasing an additional 819,805 shares in the last quarter. FMR LLC raised its stake in shares of U.S. Bancorp by 32.7% in the 3rd quarter. FMR LLC now owns 63,913,931 shares of the financial services provider's stock valued at $2,922,784,000 after buying an additional 15,746,852 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of U.S. Bancorp by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 47,328,880 shares of the financial services provider's stock worth $2,164,350,000 after acquiring an additional 1,796,336 shares during the period. Geode Capital Management LLC lifted its holdings in shares of U.S. Bancorp by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 33,086,597 shares of the financial services provider's stock worth $1,507,616,000 after acquiring an additional 599,852 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of U.S. Bancorp by 2.7% during the 2nd quarter. Legal & General Group Plc now owns 12,376,977 shares of the financial services provider's stock valued at $491,364,000 after acquiring an additional 325,374 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on USB shares. Oppenheimer raised their price target on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an "outperform" rating in a research note on Friday. Royal Bank of Canada set a $53.00 target price on U.S. Bancorp in a research report on Thursday, October 17th. Wells Fargo & Company upped their price target on U.S. Bancorp from $60.00 to $62.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Stephens boosted their target price on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. Finally, Truist Financial began coverage on shares of U.S. Bancorp in a report on Tuesday, January 7th. They issued a "hold" rating and a $54.00 target price on the stock. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $54.21.

U.S. Bancorp Trading Up 0.8 %

Shares of NYSE:USB traded up $0.37 during trading on Friday, hitting $48.40. 14,819,489 shares of the company's stock were exchanged, compared to its average volume of 5,864,763. The firm has a 50-day moving average price of $50.18 and a two-hundred day moving average price of $46.78. U.S. Bancorp has a 1-year low of $37.81 and a 1-year high of $53.98. The firm has a market cap of $75.50 billion, a P/E ratio of 14.80, a PEG ratio of 2.47 and a beta of 1.05. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.04.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. During the same quarter in the prior year, the business posted $0.99 EPS. The firm's quarterly revenue was up 3.7% on a year-over-year basis. Equities analysts predict that U.S. Bancorp will post 3.91 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.13%. U.S. Bancorp's dividend payout ratio (DPR) is presently 61.16%.

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.