Vanguard Group Inc. Grows Stock Holdings in U.S. Bancorp (NYSE:USB)

Vanguard Group Inc. grew its position in U.S. Bancorp (NYSE:USB - Free Report) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 138,836,896 shares of the financial services provider's stock after purchasing an additional 1,079,056 shares during the quarter. Vanguard Group Inc. owned approximately 8.90% of U.S. Bancorp worth $6,640,569,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. J.Safra Asset Management Corp purchased a new position in U.S. Bancorp in the fourth quarter valued at $26,000. Winch Advisory Services LLC increased its holdings in shares of 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 during the last quarter. FPC Investment Advisory Inc. acquired a new stake in shares of U.S. Bancorp during the 4th quarter worth about $28,000. Global Wealth Strategies & Associates lifted its stake in 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 purchasing an additional 250 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in U.S. Bancorp in the fourth quarter valued at approximately $30,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Price Performance

USB traded down $0.43 during midday trading on Thursday, reaching $43.34. 2,575,851 shares of the company's stock were exchanged, compared to its average volume of 8,048,278. The business's 50-day moving average price is $45.96 and its 200 day moving average price is $47.60. The stock has a market capitalization of $67.52 billion, a PE ratio of 11.44, a P/E/G ratio of 1.73 and a beta of 1.02. U.S. Bancorp has a 1-year low of $37.81 and a 1-year high of $53.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80.

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U.S. Bancorp (NYSE:USB - Get Free Report) last announced its earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS 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 firm had revenue of $7.01 billion for the quarter, compared to analysts' expectations of $7 billion. During the same quarter in the prior year, the firm earned $0.99 EPS. U.S. Bancorp's quarterly revenue was up 3.7% on a year-over-year basis. As a group, equities analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal 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 given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date of this dividend is Monday, March 31st. U.S. Bancorp's dividend payout ratio is presently 52.77%.

Insiders Place Their Bets

In related news, insider Jodi L. Richard sold 30,000 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $47.59, for a total value of $1,427,700.00. Following the completion of the transaction, the insider now directly owns 99,790 shares in the company, valued at approximately $4,749,006.10. This represents a 23.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $46.96, for a total value of $3,114,246.32. Following the completion of the sale, the insider now directly owns 209,482 shares in the company, valued at approximately $9,837,274.72. The trade was a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 219,812 shares of company stock valued at $10,385,665. Company insiders own 0.23% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on USB. Truist Financial began coverage on shares of U.S. Bancorp in a research report on Tuesday, January 7th. They set a "hold" rating and a $54.00 price objective for the company. Compass Point upped their price objective on shares of U.S. Bancorp from $49.00 to $60.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Piper Sandler upgraded U.S. Bancorp from a "neutral" rating to an "overweight" rating and set a $58.00 price objective for the company in a research note on Monday, January 13th. Morgan Stanley lowered their price objective on shares of U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Finally, Oppenheimer increased their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, U.S. Bancorp has an average rating of "Moderate Buy" and a consensus target price of $53.48.

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.