AM Investment Strategies LLC Buys 3,406 Shares of U.S. Bancorp (NYSE:USB)

AM Investment Strategies LLC lifted its stake in U.S. Bancorp (NYSE:USB) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 117,286 shares of the financial services provider’s stock after buying an additional 3,406 shares during the period. U.S. Bancorp makes up approximately 1.4% of AM Investment Strategies LLC’s investment portfolio, making the stock its 13th biggest position. AM Investment Strategies LLC’s holdings in U.S. Bancorp were worth $5,076,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in U.S. Bancorp by 5.0% in the third quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock valued at $4,513,127,000 after acquiring an additional 6,479,642 shares during the last quarter. Mufg Bank LTD. increased its position in U.S. Bancorp by 54.1% during the 3rd quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock worth $2,260,450,000 after purchasing an additional 24,000,000 shares in the last quarter. FMR LLC lifted its stake in U.S. Bancorp by 1.8% in the 3rd quarter. FMR LLC now owns 37,470,199 shares of the financial services provider’s stock valued at $1,238,765,000 after purchasing an additional 674,583 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in U.S. Bancorp by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,120,947 shares of the financial services provider’s stock valued at $1,028,859,000 after buying an additional 1,610,004 shares in the last quarter. Finally, Aristotle Capital Management LLC grew its stake in shares of U.S. Bancorp by 266.6% during the third quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider’s stock worth $775,842,000 after buying an additional 17,066,479 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Stock Down 1.5 %

Shares of USB traded down $0.62 during trading hours on Thursday, reaching $40.99. 5,949,478 shares of the stock traded hands, compared to its average volume of 8,759,399. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. The stock has a fifty day simple moving average of $42.35 and a 200 day simple moving average of $40.04. U.S. Bancorp has a 52 week low of $27.27 and a 52 week high of $45.85. The company has a market cap of $63.87 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 2.12 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The firm’s revenue was down 6.4% on a year-over-year basis. During the same period last year, the firm earned $1.16 earnings per share. On average, equities analysts forecast that U.S. Bancorp will post 3.86 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 4.78%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is currently 64.90%.

Insider Activity

In related news, insider Terrance R. Dolan sold 26,583 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the transaction, the insider now owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Terrance R. Dolan sold 26,583 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the transaction, the insider now owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the transaction, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

USB has been the topic of several recent research reports. Wells Fargo & Company cut their price objective on U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Evercore ISI raised their price objective on U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. Compass Point raised U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their target price for the stock from $46.00 to $49.00 in a research report on Friday, March 22nd. Barclays lowered their target price on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Finally, Piper Sandler reaffirmed a “neutral” rating on shares of U.S. Bancorp in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, U.S. Bancorp presently has an average rating of “Hold” and an average price target of $46.14.

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.