U.S. Bancorp (NYSE:USB) Shares Acquired by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL lifted its position in shares of U.S. Bancorp (NYSE:USBFree Report) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 784,645 shares of the financial services provider’s stock after buying an additional 78,031 shares during the period. Vaughan David Investments LLC IL owned approximately 0.05% of U.S. Bancorp worth $33,959,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in U.S. Bancorp by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock valued at $4,513,127,000 after purchasing an additional 6,479,642 shares in the last quarter. Mufg Bank LTD. increased its holdings in U.S. Bancorp by 54.1% in the 3rd quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock valued at $2,260,450,000 after purchasing an additional 24,000,000 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its position in U.S. Bancorp by 130,768.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 60,273,882 shares of the financial services provider’s stock valued at $2,628,544,000 after buying an additional 60,227,825 shares during the last quarter. FMR LLC boosted its position 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 buying an additional 674,583 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in U.S. Bancorp by 5.5% in the 3rd 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 during the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Stock Performance

Shares of NYSE:USB traded down $0.34 during trading hours on Friday, hitting $41.58. The stock had a trading volume of 6,638,564 shares, compared to its average volume of 8,675,887. The stock’s fifty day simple moving average is $42.28 and its 200 day simple moving average is $39.45. U.S. Bancorp has a 1-year low of $27.27 and a 1-year high of $45.85. The firm has a market capitalization of $64.79 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 2.18 and a beta of 1.05. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.81 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USBGet Free Report) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.28. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.85 billion. During the same quarter last year, the business earned $1.20 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Sell-side analysts anticipate that U.S. Bancorp will post 3.86 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.71%. U.S. Bancorp’s dividend payout ratio is presently 59.76%.

Wall Street Analysts Forecast Growth

USB has been the subject of a number of analyst reports. Oppenheimer decreased their price objective on shares of U.S. Bancorp from $61.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday, March 19th. Keefe, Bruyette & Woods increased their price target on shares of U.S. Bancorp from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Odeon Capital Group raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $48.93 price target on the stock in a research report on Thursday, December 14th. Compass Point raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price target for the stock from $46.00 to $49.00 in a research report on Friday, March 22nd. 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, thirteen have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, U.S. Bancorp currently has an average rating of “Hold” and an average price target of $47.41.

View Our Latest Analysis on USB

Insider Activity at U.S. Bancorp

In related news, insider Terrance R. Dolan sold 26,583 shares of the firm’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 transaction, the insider now owns 144,236 shares in the company, valued at $6,255,515.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total value of $1,152,904.71. Following the transaction, the insider now owns 144,236 shares in the company, valued at $6,255,515.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the transaction, the executive vice president now owns 164,880 shares in the company, valued at approximately $6,837,573.60. The disclosure for this sale can be found here. Insiders have sold 60,265 shares of company stock worth $2,535,903 over the last quarter. 0.23% of the stock is currently owned by company insiders.

U.S. Bancorp Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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