U.S. Bancorp $USB Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its stake in shares of U.S. Bancorp (NYSE:USB) by 2.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 421,250 shares of the financial services provider’s stock after buying an additional 9,843 shares during the quarter. Handelsbanken Fonder AB’s holdings in U.S. Bancorp were worth $20,359,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of USB. Guerra Advisors Inc acquired a new stake in U.S. Bancorp in the third quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of U.S. Bancorp in the third quarter valued at $26,000. Hillsdale Investment Management Inc. purchased a new position in shares of U.S. Bancorp in the second quarter valued at $27,000. Pineridge Advisors LLC grew its holdings in U.S. Bancorp by 446.2% during the 2nd quarter. Pineridge Advisors LLC now owns 639 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 522 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in U.S. Bancorp during the 3rd quarter worth $31,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

Shares of NYSE USB opened at $54.57 on Friday. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $61.19. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $84.78 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 0.98 and a beta of 1.06. The business has a 50 day simple moving average of $56.17 and a 200-day simple moving average of $51.19.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.07. The firm had revenue of $7.92 billion for the quarter, compared to analysts’ expectations of $7.31 billion. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the business posted $1.07 earnings per share. As a group, equities research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Wednesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 45.02%.

Insider Activity at U.S. Bancorp

In related news, insider Mark G. Runkel sold 32,195 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the completion of the sale, the insider owned 97,728 shares of the company’s stock, valued at $5,927,203.20. This represents a 24.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of U.S. Bancorp in a report on Wednesday, January 21st. HSBC reiterated a “buy” rating and issued a $62.00 price target on shares of U.S. Bancorp in a research note on Wednesday, January 7th. Barclays increased their price target on U.S. Bancorp from $56.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Truist Financial upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $61.00 to $66.00 in a report on Thursday. Finally, TD Cowen upped their target price on U.S. Bancorp from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, U.S. Bancorp presently has an average rating of “Moderate Buy” and an average price target of $60.02.

About U.S. Bancorp

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.