U.S. Bancorp (NYSE:USB) Shares Purchased by KBC Group NV

KBC Group NV boosted its stake in shares of U.S. Bancorp (NYSE:USB) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 233,282 shares of the financial services provider’s stock after buying an additional 3,383 shares during the period. KBC Group NV’s holdings in U.S. Bancorp were worth $11,158,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Capital Asset Advisory Services LLC grew its holdings in shares of U.S. Bancorp by 11.7% in the fourth quarter. Capital Asset Advisory Services LLC now owns 6,013 shares of the financial services provider’s stock valued at $294,000 after purchasing an additional 630 shares during the period. Blue Trust Inc. boosted its position in shares of U.S. Bancorp by 8.8% during the 4th quarter. Blue Trust Inc. now owns 16,459 shares of the financial services provider’s stock worth $753,000 after purchasing an additional 1,336 shares during the period. Stablepoint Partners LLC grew its stake in shares of U.S. Bancorp by 1.9% in the fourth quarter. Stablepoint Partners LLC now owns 30,407 shares of the financial services provider’s stock valued at $1,454,000 after buying an additional 565 shares in the last quarter. Patton Albertson Miller Group LLC acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth about $210,000. Finally, Grange Capital LLC purchased a new stake in shares of U.S. Bancorp during the fourth quarter worth $689,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Trading Down 1.6 %

NYSE USB opened at $47.65 on Thursday. U.S. Bancorp has a 52-week low of $37.81 and a 52-week high of $53.98. The firm has a 50-day moving average price of $49.93 and a 200 day moving average price of $47.30. The stock has a market capitalization of $74.34 billion, a P/E ratio of 12.57, a P/E/G ratio of 1.81 and a beta of 1.05. 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 (NYSE:USB) last posted its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, beating the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $7 billion. During the same period last year, the firm earned $0.99 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities research analysts expect that U.S. Bancorp will post 4.37 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.20%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 52.77%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Compass Point raised their target price on shares of U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Oppenheimer boosted their target price on U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Evercore ISI increased their price target on shares of U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Wells Fargo & Company increased their target price on shares of U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Piper Sandler raised shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price target for the company in a research report on Monday, January 13th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $54.21.

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.