SteelPeak Wealth LLC Raises Stake in U.S. Bancorp (NYSE:USB)

SteelPeak Wealth LLC boosted its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 1,131.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,292 shares of the financial services provider's stock after purchasing an additional 165,651 shares during the period. SteelPeak Wealth LLC's holdings in U.S. Bancorp were worth $8,714,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC grew its stake in U.S. Bancorp by 414.4% in the second quarter. AQR Capital Management LLC now owns 572,617 shares of the financial services provider's stock valued at $22,653,000 after purchasing an additional 461,291 shares in the last quarter. Scientech Research LLC bought a new stake in U.S. Bancorp in the 2nd quarter valued at $213,000. Northwestern Mutual Wealth Management Co. boosted its position in U.S. Bancorp by 1.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 187,996 shares of the financial services provider's stock worth $7,463,000 after purchasing an additional 2,725 shares during the period. NewEdge Advisors LLC increased its holdings in shares of U.S. Bancorp by 11.8% in the second quarter. NewEdge Advisors LLC now owns 90,312 shares of the financial services provider's stock valued at $3,585,000 after purchasing an additional 9,506 shares during the last quarter. Finally, Quarry LP bought a new position in shares of U.S. Bancorp in the second quarter valued at about $166,000. Institutional investors own 77.60% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on USB shares. Stephens boosted their price objective on U.S. Bancorp from $49.00 to $52.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. Citigroup upgraded shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and upped their price target for the company from $49.00 to $65.00 in a research note on Monday, November 25th. Robert W. Baird set a $54.00 price objective on shares of U.S. Bancorp in a research note on Thursday, October 17th. Wells Fargo & Company increased their target price on shares of U.S. Bancorp from $60.00 to $62.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Finally, DA Davidson upgraded shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and lifted their price target for the company from $58.00 to $60.00 in a research report on Thursday, January 2nd. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $54.21.

U.S. Bancorp Stock Performance

Shares of NYSE USB traded down $0.16 during mid-day trading on Friday, hitting $47.84. The company had a trading volume of 11,182,035 shares, compared to its average volume of 8,867,624. The stock's 50-day moving average price is $49.71 and its 200-day moving average price is $47.34. The company has a market capitalization of $74.63 billion, a price-to-earnings ratio of 12.62, a P/E/G ratio of 1.77 and a beta of 1.05. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its 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 12.94% and a net margin of 14.75%. The business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. During the same quarter in the previous year, the firm earned $0.99 EPS. The company's quarterly revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts forecast that U.S. Bancorp will post 4.37 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given 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 4.18%. U.S. Bancorp's dividend payout ratio (DPR) is presently 52.77%.

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.