Corundum Group Inc. Has $2.09 Million Stock Holdings in U.S. Bancorp (NYSE:USB)

Corundum Group Inc. boosted its stake in U.S. Bancorp (NYSE:USB) by 55.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 43,653 shares of the financial services provider’s stock after buying an additional 15,534 shares during the period. Corundum Group Inc.’s holdings in U.S. Bancorp were worth $2,088,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of USB. Winch Advisory Services LLC increased its position in U.S. Bancorp by 1,088.9% during the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock worth $26,000 after buying an additional 490 shares during the period. Frazier Financial Advisors LLC grew its stake in shares of U.S. Bancorp by 222.7% in the third quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 441 shares in the last quarter. Global Wealth Strategies & Associates grew its stake in shares of U.S. Bancorp by 70.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 250 shares in the last quarter. FNY Investment Advisers LLC bought a new position in U.S. Bancorp during the fourth quarter worth about $38,000. Finally, Kimelman & Baird LLC acquired a new stake in U.S. Bancorp in the 2nd quarter worth about $40,000. 77.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

USB has been the topic of several recent research reports. Compass Point raised their target price on shares of U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Royal Bank of Canada set a $53.00 price objective on U.S. Bancorp in a research note on Thursday, October 17th. Piper Sandler upgraded U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 target price for the company in a research report on Monday, January 13th. Raymond James upgraded U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a research report on Thursday, December 19th. Finally, Wells Fargo & Company upped their price objective on shares of U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $54.21.

U.S. Bancorp Stock Performance

NYSE USB opened at $48.40 on Monday. The company has a market capitalization of $75.50 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 2.47 and a beta of 1.05. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98. The stock has a fifty day simple moving average of $50.18 and a 200 day simple moving average of $46.83. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.04.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. During the same period last year, the company earned $0.99 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. Sell-side analysts expect that U.S. Bancorp will post 3.91 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio is currently 61.16%.

About U.S. Bancorp

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.