Oak Thistle LLC Takes $339,000 Position in U.S. Bancorp (NYSE:USB)

Oak Thistle LLC bought a new stake in shares of U.S. Bancorp (NYSE:USB - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,083 shares of the financial services provider's stock, valued at approximately $339,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Natixis Advisors LLC grew its holdings in shares of U.S. Bancorp by 16.6% during the third quarter. Natixis Advisors LLC now owns 401,232 shares of the financial services provider's stock valued at $18,348,000 after buying an additional 56,990 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in U.S. Bancorp during the 4th quarter worth about $1,018,000. M&T Bank Corp increased its holdings in shares of U.S. Bancorp by 2.8% in the third quarter. M&T Bank Corp now owns 846,344 shares of the financial services provider's stock valued at $38,704,000 after purchasing an additional 22,803 shares during the period. Hilltop Holdings Inc. raised its stake in shares of U.S. Bancorp by 184.3% in the third quarter. Hilltop Holdings Inc. now owns 70,283 shares of the financial services provider's stock worth $3,214,000 after purchasing an additional 45,560 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of U.S. Bancorp by 544.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 13,894 shares of the financial services provider's stock worth $635,000 after purchasing an additional 11,737 shares during the period. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Price Performance

USB stock traded up $0.37 during mid-day trading on Friday, reaching $48.40. The company's stock had a trading volume of 14,819,489 shares, compared to its average volume of 9,647,534. U.S. Bancorp has a fifty-two week low of $37.81 and a fifty-two week high of $53.98. The stock has a market cap of $75.50 billion, a PE ratio of 14.80, a P/E/G 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. The company's 50 day moving average is $50.22 and its two-hundred day moving average is $46.72.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its earnings results 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 return on equity of 12.91% and a net margin of 12.92%. The company had revenue of $7.01 billion during the quarter, compared to analysts' expectations of $7 billion. During the same period in the prior year, the business earned $0.99 EPS. The firm's quarterly revenue was up 3.7% on a year-over-year basis. Equities research analysts expect that U.S. Bancorp will post 3.91 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp's payout ratio is currently 61.16%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on USB. DA Davidson raised shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and upped their price objective for the company from $58.00 to $60.00 in a report on Thursday, January 2nd. Truist Financial assumed coverage on U.S. Bancorp in a research report on Tuesday, January 7th. They set a "hold" rating and a $54.00 price target for the company. Compass Point upped their price objective on U.S. Bancorp from $49.00 to $60.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Morgan Stanley cut their target price on shares of U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating for the company in a report on Friday. Finally, Stephens increased their price target on shares of U.S. Bancorp from $49.00 to $52.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, U.S. Bancorp presently has an average rating of "Moderate Buy" and an average price target of $54.21.

About U.S. Bancorp

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.