Intact Investment Management Inc. Grows Position in U.S. Bancorp (NYSE:USB)

Intact Investment Management Inc. raised its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 8.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,700 shares of the financial services provider's stock after acquiring an additional 8,500 shares during the period. Intact Investment Management Inc.'s holdings in U.S. Bancorp were worth $5,343,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. LBP AM SA lifted its stake in U.S. Bancorp by 10.8% during 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 in the last quarter. Integras Partners LLC bought a new stake in shares of U.S. Bancorp during the 4th quarter worth $2,904,000. Madison Investment Advisors LLC bought a new stake in shares of U.S. Bancorp during the 4th quarter worth $96,560,000. Impact Capital Partners LLC purchased a new position in shares of U.S. Bancorp during the fourth quarter worth about $334,000. Finally, Commonwealth Equity Services LLC grew its holdings in shares of U.S. Bancorp by 3.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 698,178 shares of the financial services provider's stock worth $33,394,000 after purchasing an additional 25,881 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Terrance R. Dolan sold 66,317 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the completion of the transaction, the insider now directly owns 209,482 shares in the company, valued at $9,837,274.72. This trade represents a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jodi L. Richard sold 30,000 shares of the firm'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 transaction, the insider now owns 99,790 shares of the company's stock, valued at $4,749,006.10. The trade was a 23.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 219,812 shares of company stock worth $10,385,665. 0.23% of the stock is owned by corporate insiders.

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U.S. Bancorp Trading Up 0.9 %

USB stock traded up $0.36 on Wednesday, reaching $42.64. The company's stock had a trading volume of 12,042,763 shares, compared to its average volume of 7,816,117. The business has a fifty day simple moving average of $46.63 and a two-hundred day simple moving average of $47.73. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98. The firm has a market cap of $66.44 billion, a PE ratio of 11.25, a PEG ratio of 1.73 and a beta of 1.02. 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 posted its quarterly earnings data 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. The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm's quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.99 earnings per share. As a group, research analysts forecast that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.50 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.69%. U.S. Bancorp's dividend payout ratio (DPR) is 52.77%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on USB shares. Truist Financial started coverage on U.S. Bancorp in a research report on Tuesday, January 7th. They issued a "hold" rating and a $54.00 target price for the company. Citigroup upgraded U.S. Bancorp from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $49.00 to $65.00 in a research report on Monday, November 25th. DA Davidson upgraded U.S. Bancorp from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $58.00 to $60.00 in a research report on Thursday, January 2nd. The Goldman Sachs Group dropped their target price on U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday. Finally, Oppenheimer boosted their price objective on U.S. Bancorp from $62.00 to $63.00 and gave the company an "outperform" rating in a research report on Friday, January 17th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, U.S. Bancorp currently has an average rating of "Moderate Buy" and an average target price of $53.93.

U.S. Bancorp Company 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.