U.S. Bancorp (NYSE:USB) Shares Acquired by M&T Bank Corp

M&T Bank Corp lifted its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 36.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,158,848 shares of the financial services provider's stock after purchasing an additional 312,504 shares during the quarter. M&T Bank Corp owned approximately 0.07% of U.S. Bancorp worth $55,427,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of USB. Winch Advisory Services LLC lifted its position 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 last quarter. J.Safra Asset Management Corp acquired a new position in U.S. Bancorp during the fourth quarter valued at approximately $26,000. FPC Investment Advisory Inc. bought a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $28,000. Frazier Financial Advisors LLC lifted 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 last quarter. Finally, Global Wealth Strategies & Associates boosted its holdings in shares of U.S. Bancorp by 70.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider's stock worth $29,000 after buying an additional 250 shares during the period. Institutional investors own 77.60% of the company's stock.

Insider Buying and Selling

In other U.S. Bancorp news, CEO Andrew Cecere sold 102,044 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,230,316 shares of the company's stock, valued at approximately $58,132,431. This represents a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP James L. Chosy sold 21,451 shares of the company's stock in a transaction dated 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 in the company, valued at $9,440,751.55. This represents a 9.77 % decrease in their ownership of the stock. 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 90 days. Corporate insiders own 0.23% of the company's stock.

Wall Street Analysts Forecast Growth

USB has been the topic of several research analyst reports. Truist Financial initiated coverage on U.S. Bancorp in a research report on Tuesday, January 7th. They issued a "hold" rating and a $54.00 price target on the stock. Citigroup raised U.S. Bancorp from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $49.00 to $65.00 in a research report on Monday, November 25th. Compass Point raised their price objective on shares of U.S. Bancorp from $49.00 to $60.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Morgan Stanley cut their price objective on shares of U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Finally, Barclays boosted their price target on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Ten equities research 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, U.S. Bancorp has an average rating of "Moderate Buy" and an average target price of $54.21.

U.S. Bancorp Trading Up 0.2 %

Shares of NYSE:USB traded up $0.10 during trading on Wednesday, reaching $44.71. 8,956,528 shares of the company were exchanged, compared to its average volume of 9,213,016. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The firm has a market capitalization of $69.75 billion, a PE ratio of 11.80, a P/E/G ratio of 1.73 and a beta of 1.04. The business's fifty day simple moving average is $47.70 and its 200-day simple moving average is $47.88. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 business 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 company earned $0.99 EPS. The business's revenue was up 3.7% compared to the same quarter last year. On average, research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

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