Grange Capital LLC Makes New $689,000 Investment in U.S. Bancorp (NYSE:USB)

Grange Capital LLC purchased a new position in U.S. Bancorp (NYSE:USB) during the 4th quarter, Holdings Channel reports. The firm purchased 14,408 shares of the financial services provider’s stock, valued at approximately $689,000. U.S. Bancorp accounts for about 0.7% of Grange Capital LLC’s holdings, making the stock its 29th largest holding.

Several other institutional investors have also made changes to their positions in USB. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of U.S. Bancorp during the 2nd quarter valued at about $86,000. AXA S.A. boosted its position in shares of U.S. Bancorp by 79.2% during the 2nd quarter. AXA S.A. now owns 90,862 shares of the financial services provider’s stock valued at $3,607,000 after acquiring an additional 40,147 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of U.S. Bancorp by 414.4% during the 2nd quarter. AQR Capital Management LLC now owns 572,617 shares of the financial services provider’s stock valued at $22,653,000 after acquiring an additional 461,291 shares in the last quarter. APG Asset Management N.V. boosted its position in shares of U.S. Bancorp by 203.2% during the 2nd quarter. APG Asset Management N.V. now owns 182,496 shares of the financial services provider’s stock valued at $6,760,000 after acquiring an additional 122,300 shares in the last quarter. Finally, MBB Public Markets I LLC acquired a new stake in shares of U.S. Bancorp during the 2nd quarter valued at about $4,407,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on USB shares. Wells Fargo & Company lifted their price target on shares of U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Oppenheimer boosted their target price on shares of 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 boosted their target price on shares of U.S. Bancorp from $51.00 to $54.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Royal Bank of Canada set a $53.00 price target on shares of U.S. Bancorp in a research report on Thursday, October 17th. Finally, Citigroup upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $49.00 to $65.00 in a research report on Monday, November 25th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, U.S. Bancorp has an average rating of “Moderate Buy” and an average target price of $54.21.

U.S. Bancorp Stock Up 1.2 %

Shares of NYSE USB opened at $49.00 on Friday. The stock has a market cap of $76.43 billion, a P/E ratio of 12.93, a P/E/G ratio of 1.81 and a beta of 1.05. The firm has a 50 day moving average price of $49.99 and a 200 day moving average price of $47.10. 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 has a 52-week low of $37.81 and a 52-week high of $53.98.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. The company 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%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.99 earnings per share. Analysts expect that U.S. Bancorp will post 4.37 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 52.77%.

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.