AustralianSuper Pty Ltd Has $10.83 Million Stock Position in U.S. Bancorp (NYSE:USB)

AustralianSuper Pty Ltd decreased its holdings in shares of U.S. Bancorp (NYSE:USB) by 37.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 226,520 shares of the financial services provider’s stock after selling 137,872 shares during the quarter. AustralianSuper Pty Ltd’s holdings in U.S. Bancorp were worth $10,834,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of USB. AMF Tjanstepension AB increased its stake in shares of U.S. Bancorp by 16.9% during the 3rd quarter. AMF Tjanstepension AB now owns 532,105 shares of the financial services provider’s stock worth $24,401,000 after purchasing an additional 76,914 shares during the last quarter. SeaCrest Wealth Management LLC increased its stake in shares of U.S. Bancorp by 4.3% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 11,514 shares of the financial services provider’s stock worth $527,000 after purchasing an additional 477 shares during the last quarter. Sumitomo Life Insurance Co. increased its stake in shares of U.S. Bancorp by 2.6% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 19,099 shares of the financial services provider’s stock worth $873,000 after purchasing an additional 481 shares during the last quarter. nVerses Capital LLC increased its stake in shares of U.S. Bancorp by 44.8% during the 3rd quarter. nVerses Capital LLC now owns 4,200 shares of the financial services provider’s stock worth $192,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its stake in U.S. Bancorp by 8.3% in the 3rd quarter. Bleakley Financial Group LLC now owns 44,122 shares of the financial services provider’s stock valued at $2,018,000 after buying an additional 3,383 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

NYSE:USB opened at $47.73 on Friday. The company has a 50-day moving average of $48.70 and a 200-day moving average of $47.50. The company has a market capitalization of $74.46 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 1.77 and a beta of 1.04. U.S. Bancorp has a 52 week low of $37.81 and a 52 week high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. 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 firm earned $0.99 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities research analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio is currently 52.77%.

Wall Street Analysts Forecast Growth

USB has been the topic of a number of research analyst reports. Raymond James upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 target price on the stock in a research note on Thursday, December 19th. Citigroup upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their target price for the company from $49.00 to $65.00 in a research note on Monday, November 25th. Oppenheimer raised their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Piper Sandler upgraded shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 target price on the stock in a research note on Monday, January 13th. Finally, Truist Financial initiated coverage on shares of U.S. Bancorp in a research note on Tuesday, January 7th. They issued a “hold” rating and a $54.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $54.21.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, CEO Andrew Cecere sold 102,044 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total value of $4,821,579.00. Following the completion of the sale, the chief executive officer now owns 1,230,316 shares in the company, valued at approximately $58,132,431. This trade represents a 7.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Terrance R. Dolan sold 66,317 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the completion of the sale, the insider now owns 209,482 shares of the company’s stock, valued at $9,837,274.72. The trade was a 24.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 219,812 shares of company stock valued at $10,385,665 in the last ninety days. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Company 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.