FIL Ltd Has $1.38 Million Position in U.S. Bancorp (NYSE:USB)

FIL Ltd boosted its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 42.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,872 shares of the financial services provider's stock after acquiring an additional 8,542 shares during the quarter. FIL Ltd's holdings in U.S. Bancorp were worth $1,381,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Winch Advisory Services LLC increased its position in U.S. Bancorp by 1,088.9% in the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 490 shares in the last quarter. J.Safra Asset Management Corp bought a new position in U.S. Bancorp in the 4th quarter valued at $26,000. FPC Investment Advisory Inc. acquired a new stake in shares of U.S. Bancorp in the 4th quarter valued at $28,000. Global Wealth Strategies & Associates raised its position in shares of U.S. Bancorp by 70.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider's stock worth $29,000 after acquiring an additional 250 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in shares of U.S. Bancorp during the fourth quarter valued at $30,000. 77.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP James L. Chosy sold 21,451 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was 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 owns 198,127 shares of the company's stock, valued at $9,440,751.55. The trade was a 9.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Cecere sold 102,044 shares of the business's stock in a transaction 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 in the company, valued at approximately $58,132,431. This trade represents a 7.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 219,812 shares of company stock worth $10,385,665 in the last quarter. 0.23% of the stock is owned by corporate insiders.

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U.S. Bancorp Price Performance

Shares of USB traded up $0.42 during trading hours on Tuesday, reaching $38.62. The company had a trading volume of 11,700,982 shares, compared to its average volume of 9,011,678. The company has a market capitalization of $60.17 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 1.73 and a beta of 0.91. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The firm has a 50 day simple moving average of $43.10 and a 200-day simple moving average of $46.93. 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 (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 for the quarter, beating analysts' consensus estimates of $1.06 by $0.01. The business had revenue of $7.01 billion during 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 company's revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.99 earnings per share. Research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.18%. U.S. Bancorp's dividend payout ratio is currently 52.77%.

Analyst Ratings Changes

Several analysts have commented on the stock. Oppenheimer upped their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company an "outperform" rating in a research report on Friday, January 17th. Truist Financial lowered their price target on U.S. Bancorp from $54.00 to $51.00 and set a "hold" rating for the company in a research note on Friday, April 4th. Citigroup lowered their target price on shares of U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, March 24th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $43.50 price target (down from $51.00) on shares of U.S. Bancorp in a research report on Thursday, April 3rd. Finally, DA Davidson upgraded 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 research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $52.52.

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.