Postrock Partners LLC Makes New $532,000 Investment in U.S. Bancorp (NYSE:USB)

Postrock Partners LLC acquired a new stake in U.S. Bancorp (NYSE:USB - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 11,125 shares of the financial services provider's stock, valued at approximately $532,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Intact Investment Management Inc. grew its position in shares of U.S. Bancorp by 8.2% in the 4th quarter. Intact Investment Management Inc. now owns 111,700 shares of the financial services provider's stock valued at $5,343,000 after acquiring an additional 8,500 shares during the period. LBP AM SA grew its position in shares of U.S. Bancorp by 10.8% in the 4th quarter. LBP AM SA now owns 18,450 shares of the financial services provider's stock valued at $882,000 after acquiring an additional 1,800 shares during the period. Integras Partners LLC bought a new position in shares of U.S. Bancorp in the 4th quarter valued at about $2,904,000. Madison Investment Advisors LLC bought a new position in shares of U.S. Bancorp in the 4th quarter valued at about $96,560,000. Finally, Impact Capital Partners LLC bought a new stake in shares of U.S. Bancorp during the 4th quarter worth about $334,000. Institutional investors own 77.60% of the company's stock.

Insider Activity at U.S. Bancorp

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

Remove Ads

U.S. Bancorp Price Performance

Shares of NYSE:USB traded up $0.05 during midday trading on Tuesday, hitting $42.23. The stock had a trading volume of 13,724,713 shares, compared to its average volume of 7,811,413. The company's 50-day moving average price is $46.76 and its 200-day moving average price is $47.76. The company has a market capitalization of $65.80 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a fifty-two week low of $37.81 and a fifty-two week high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly 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. The company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm's revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 EPS. As a group, equities research analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.74%. The ex-dividend date of this dividend is Monday, March 31st. U.S. Bancorp's dividend payout ratio (DPR) is presently 52.77%.

Analysts Set New Price Targets

Several brokerages recently commented on USB. Bank of America reduced their target price on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a report on Monday. Citigroup raised shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $49.00 to $65.00 in a report on Monday, November 25th. Truist Financial began coverage on shares of U.S. Bancorp in a report on Tuesday, January 7th. They set a "hold" rating and a $54.00 target price for the company. Barclays lifted their target price on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Finally, Raymond James upgraded shares of U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 price objective for the company in a research note on Thursday, December 19th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, U.S. Bancorp currently has a consensus rating of "Moderate Buy" and a consensus price target of $53.98.

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.