Versor Investments LP Buys New Position in U.S. Bancorp $USB

Versor Investments LP purchased a new position in shares of U.S. Bancorp (NYSE:USB) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,500 shares of the financial services provider’s stock, valued at approximately $942,000.

Several other large investors have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new position in shares of U.S. Bancorp in the 2nd quarter worth approximately $25,000. Guerra Advisors Inc acquired a new stake in U.S. Bancorp during the 3rd quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in U.S. Bancorp in the 3rd quarter valued at $26,000. Hillsdale Investment Management Inc. acquired a new position in U.S. Bancorp in the second quarter worth $27,000. Finally, Pineridge Advisors LLC boosted its stake in U.S. Bancorp by 446.2% in the second quarter. Pineridge Advisors LLC now owns 639 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 522 shares in the last quarter. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Stock Up 0.4%

NYSE:USB opened at $60.60 on Wednesday. The company has a market cap of $94.20 billion, a PE ratio of 13.12, a PEG ratio of 1.08 and a beta of 1.06. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $60.99. The stock has a 50-day simple moving average of $55.01 and a 200 day simple moving average of $50.11.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The business had revenue of $7.92 billion for the quarter, compared to the consensus estimate of $7.31 billion. During the same period in the previous year, the company earned $1.07 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, sell-side analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.4%. The ex-dividend date was Wednesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is 45.02%.

Insider Buying and Selling

In other U.S. Bancorp news, insider Mark G. Runkel sold 32,195 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the transaction, the insider owned 97,728 shares of the company’s stock, valued at $5,927,203.20. The trade was a 24.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

USB has been the topic of a number of research analyst reports. Argus increased their price objective on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. UBS Group reiterated a “neutral” rating and set a $60.00 target price on shares of U.S. Bancorp in a research report on Wednesday, February 4th. Wolfe Research downgraded U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Barclays lifted their target price on U.S. Bancorp from $56.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Finally, Bank of America lifted their price objective on U.S. Bancorp from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.79.

U.S. Bancorp Company Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.