U.S. Bancorp (NYSE:USB) Holdings Lifted by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its position in U.S. Bancorp (NYSE:USB) by 24.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,000,581 shares of the financial services provider’s stock after buying an additional 789,026 shares during the period. U.S. Bancorp makes up approximately 0.8% of Los Angeles Capital Management LLC’s investment portfolio, making the stock its 19th largest position. Los Angeles Capital Management LLC’s holdings in U.S. Bancorp were worth $191,348,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of USB. AMF Tjanstepension AB boosted its holdings in shares of U.S. Bancorp by 16.9% in the third quarter. AMF Tjanstepension AB now owns 532,105 shares of the financial services provider’s stock valued at $24,401,000 after acquiring an additional 76,914 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of U.S. Bancorp by 19.4% in the third quarter. Assenagon Asset Management S.A. now owns 50,833 shares of the financial services provider’s stock valued at $2,325,000 after acquiring an additional 8,263 shares in the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in shares of U.S. Bancorp by 17.7% in the third quarter. Mount Yale Investment Advisors LLC now owns 10,601 shares of the financial services provider’s stock valued at $485,000 after acquiring an additional 1,592 shares in the last quarter. NorthCrest Asset Manangement LLC bought a new position in shares of U.S. Bancorp in the third quarter valued at approximately $281,000. Finally, Modera Wealth Management LLC boosted its holdings in shares of U.S. Bancorp by 2.8% in the third quarter. Modera Wealth Management LLC now owns 11,448 shares of the financial services provider’s stock valued at $524,000 after acquiring an additional 316 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Trading Down 0.7 %

USB stock opened at $45.57 on Tuesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The company’s 50-day simple moving average is $48.08 and its 200 day simple moving average is $47.76. U.S. Bancorp has a 52 week low of $37.81 and a 52 week high of $53.98. The company has a market capitalization of $71.08 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. The business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. U.S. Bancorp’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.99 earnings per share. As a group, sell-side analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.39%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 52.77%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Raymond James raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 target price for the company in a research note on Thursday, December 19th. Oppenheimer increased 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. Compass Point increased their target price on shares of U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Piper Sandler raised shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 target price for the company in a research note on Monday, January 13th. Finally, Barclays upped their price target on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, U.S. Bancorp has an average rating of “Moderate Buy” and an average target price of $54.21.

Insider Activity at U.S. Bancorp

In other news, insider Jodi L. Richard sold 30,000 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $47.59, for a total transaction of $1,427,700.00. Following the transaction, the insider now owns 99,790 shares of the company’s stock, valued at $4,749,006.10. This represents a 23.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $4,821,579.00. Following the completion of the transaction, the chief executive officer now directly owns 1,230,316 shares in the company, valued at approximately $58,132,431. The trade was a 7.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 219,812 shares of company stock worth $10,385,665 in the last quarter. 0.23% of the stock is owned by insiders.

U.S. Bancorp 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.