Vinva Investment Management Ltd Buys 9,773 Shares of U.S. Bancorp (NYSE:USB)

Vinva Investment Management Ltd raised its position in U.S. Bancorp (NYSE:USB - Free Report) by 20.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,533 shares of the financial services provider's stock after buying an additional 9,773 shares during the period. Vinva Investment Management Ltd's holdings in U.S. Bancorp were worth $2,728,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. FMR LLC lifted its holdings in U.S. Bancorp by 32.7% during the third quarter. FMR LLC now owns 63,913,931 shares of the financial services provider's stock worth $2,922,784,000 after acquiring an additional 15,746,852 shares during the period. Franklin Resources Inc. raised its stake in shares of U.S. Bancorp by 153.0% during the 3rd quarter. Franklin Resources Inc. now owns 7,949,347 shares of the financial services provider's stock worth $374,573,000 after purchasing an additional 4,807,662 shares during the period. Raymond James Financial Inc. purchased a new position in shares of U.S. Bancorp in the 4th quarter worth about $184,733,000. Charles Schwab Investment Management Inc. grew its position in U.S. Bancorp by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 49,789,725 shares of the financial services provider's stock valued at $2,381,443,000 after buying an additional 2,460,845 shares during the period. Finally, Alecta Tjanstepension Omsesidigt purchased a new stake in U.S. Bancorp during the fourth quarter worth about $111,274,000. Institutional investors own 77.60% of the company's stock.

Analyst Upgrades and Downgrades

USB has been the topic of a number of research analyst reports. Citigroup dropped their target price on shares of U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday. Raymond James upgraded U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 price objective on the stock in a research note on Thursday, December 19th. Barclays raised their target price on U.S. Bancorp from $57.00 to $61.00 and gave the stock an "overweight" rating in a research report on Monday, January 6th. The Goldman Sachs Group dropped their price target on U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Finally, Piper Sandler upgraded U.S. Bancorp from a "neutral" rating to an "overweight" rating and set a $58.00 price objective on the stock in a research note on Monday, January 13th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, U.S. Bancorp currently has an average rating of "Moderate Buy" and a consensus price target of $53.48.

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Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 30,000 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $47.59, for a total transaction of $1,427,700.00. Following the transaction, the insider now directly owns 99,790 shares in the company, valued at $4,749,006.10. This trade represents a 23.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Terrance R. Dolan sold 66,317 shares of the business's stock in a transaction that occurred 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 sale, the insider now owns 209,482 shares of the company's stock, 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. Insiders have sold 219,812 shares of company stock worth $10,385,665 over the last 90 days. Corporate insiders own 0.23% of the company's stock.

U.S. Bancorp Price Performance

Shares of NYSE:USB traded up $0.97 on Monday, hitting $43.81. The company's stock had a trading volume of 8,235,005 shares, compared to its average volume of 8,060,275. The company has a market capitalization of $68.25 billion, a PE ratio of 11.56, a PEG ratio of 1.73 and a beta of 1.02. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The company has a 50-day simple moving average of $46.31 and a 200 day simple moving average of $47.65. 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 announced 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. The business had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. U.S. Bancorp's quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $0.99 earnings per share. Sell-side analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid 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 4.57%. U.S. Bancorp's dividend payout ratio is presently 52.77%.

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.