Caisse Des Depots ET Consignations Invests $1.01 Million in U.S. Bancorp (NYSE:USB)

Caisse Des Depots ET Consignations acquired a new stake in shares of U.S. Bancorp (NYSE:USB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 21,201 shares of the financial services provider’s stock, valued at approximately $1,014,000.

Other hedge funds also recently bought and sold shares of the company. Intech Investment Management LLC grew its position in U.S. Bancorp by 63.1% during the 3rd quarter. Intech Investment Management LLC now owns 15,284 shares of the financial services provider’s stock worth $699,000 after acquiring an additional 5,911 shares during the last quarter. Cadence Bank purchased a new position in U.S. Bancorp during the 3rd quarter valued at about $235,000. Townsquare Capital LLC boosted its position in shares of U.S. Bancorp by 6.1% in the 3rd quarter. Townsquare Capital LLC now owns 173,301 shares of the financial services provider’s stock worth $7,925,000 after purchasing an additional 9,890 shares in the last quarter. CreativeOne Wealth LLC grew its stake in shares of U.S. Bancorp by 16.0% in the 3rd quarter. CreativeOne Wealth LLC now owns 30,537 shares of the financial services provider’s stock worth $1,396,000 after buying an additional 4,203 shares during the last quarter. Finally, Providence Capital Advisors LLC increased its position in U.S. Bancorp by 0.8% during the 3rd quarter. Providence Capital Advisors LLC now owns 80,958 shares of the financial services provider’s stock valued at $3,702,000 after buying an additional 612 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling

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

U.S. Bancorp Stock Performance

Shares of USB opened at $43.25 on Friday. The business has a 50-day simple moving average of $45.87 and a two-hundred day simple moving average of $47.57. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 52 week low of $37.81 and a 52 week high of $53.98. The stock has a market cap of $67.39 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 1.73 and a beta of 1.02.

U.S. Bancorp (NYSE:USB) last released its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $7 billion. During the same period in the prior year, the firm posted $0.99 EPS. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date is Monday, March 31st. U.S. Bancorp’s dividend payout ratio (DPR) is 52.77%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on USB. Bank of America cut their target price on U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. Morgan Stanley cut their price objective on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Oppenheimer lifted their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. DA Davidson upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price target for the company from $58.00 to $60.00 in a report on Thursday, January 2nd. Finally, Citigroup decreased their price objective on shares of U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating for the company in a report on Monday. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $53.48.

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.