U.S. Bancorp (NYSE:USB) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC increased its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 8.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,885,816 shares of the financial services provider's stock after purchasing an additional 398,959 shares during the period. Fisher Asset Management LLC owned approximately 0.31% of U.S. Bancorp worth $233,689,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several analysts recently issued reports on USB shares. Piper Sandler raised U.S. Bancorp from a "neutral" rating to an "overweight" rating and set a $58.00 target price on the stock in a research note on Monday, January 13th. Wells Fargo & Company lifted their price objective on U.S. Bancorp from $60.00 to $62.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Compass Point upped their target price on U.S. Bancorp from $49.00 to $60.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Truist Financial assumed coverage on U.S. Bancorp in a research note on Tuesday, January 7th. They issued a "hold" rating and a $54.00 price target for the company. Finally, 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. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $54.21.

Insider Buying and Selling

In related news, insider Jodi L. Richard sold 30,000 shares of the business's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $47.59, for a total value of $1,427,700.00. Following the completion of the sale, the insider now owns 99,790 shares of the company's stock, valued at approximately $4,749,006.10. The trade was a 23.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James L. Chosy sold 21,451 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 198,127 shares in the company, valued at approximately $9,440,751.55. This trade represents a 9.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 219,812 shares of company stock valued at $10,385,665 over the last quarter. 0.23% of the stock is currently owned by company insiders.

U.S. Bancorp Stock Performance

Shares of NYSE USB traded down $0.36 during midday trading on Wednesday, hitting $44.25. 2,922,352 shares of the stock traded hands, compared to its average volume of 9,066,963. The firm has a 50-day moving average of $47.79 and a two-hundred day moving average of $47.91. The firm has a market capitalization of $69.03 billion, a P/E ratio of 11.69, a PEG ratio of 1.73 and a beta of 1.04. U.S. Bancorp has a one year low of $37.81 and a one year high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $7.01 billion for the quarter, compared to analysts' expectations of $7 billion. During the same quarter last year, the business posted $0.99 earnings per share. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp's dividend payout ratio (DPR) is presently 52.77%.

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.