U.S. Bancorp (NYSE:USB) Shares Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC grew its stake in shares of U.S. Bancorp (NYSE:USB) by 0.9% in the 4th quarter, HoldingsChannel reports. The firm owned 32,696 shares of the financial services provider’s stock after acquiring an additional 281 shares during the quarter. Gotham Asset Management LLC’s holdings in U.S. Bancorp were worth $1,564,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. SeaCrest Wealth Management LLC lifted its position in shares of U.S. Bancorp by 5.8% in the 4th quarter. SeaCrest Wealth Management LLC now owns 12,182 shares of the financial services provider’s stock valued at $583,000 after acquiring an additional 668 shares in the last quarter. Oak Thistle LLC purchased a new stake in shares of U.S. Bancorp in the fourth quarter valued at $339,000. Ritholtz Wealth Management grew its holdings in shares of U.S. Bancorp by 3.5% during the fourth quarter. Ritholtz Wealth Management now owns 54,215 shares of the financial services provider’s stock valued at $2,593,000 after buying an additional 1,823 shares in the last quarter. Capital Advisors Wealth Management LLC raised its position in U.S. Bancorp by 2.5% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 27,102 shares of the financial services provider’s stock valued at $1,296,000 after buying an additional 655 shares during the period. Finally, Empirical Asset Management LLC lifted its stake in U.S. Bancorp by 63.7% in the 4th quarter. Empirical Asset Management LLC now owns 24,821 shares of the financial services provider’s stock worth $1,187,000 after acquiring an additional 9,658 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Activity

In other U.S. Bancorp news, Director Aleem Gillani acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 21st. The stock was acquired at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at $559,800. This trade represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is currently owned by company insiders.

U.S. Bancorp Trading Up 0.8%

Shares of USB stock opened at $44.92 on Friday. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The firm’s fifty day simple moving average is $40.79 and its 200 day simple moving average is $46.02. The firm has a market capitalization of $69.98 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter in the previous year, the company earned $0.78 EPS. As a group, sell-side analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 4.45%. U.S. Bancorp’s dividend payout ratio is currently 49.50%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on USB. DA Davidson dropped their target price on U.S. Bancorp from $54.00 to $49.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Truist Financial decreased their price target on shares of U.S. Bancorp from $51.00 to $48.00 and set a “hold” rating for the company in a report on Thursday, April 17th. Oppenheimer raised their price target on shares of U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a report on Monday, April 28th. Raymond James restated an “outperform” rating and set a $51.00 price target (down from $57.00) on shares of U.S. Bancorp in a report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of U.S. Bancorp from $54.00 to $49.00 and set a “market perform” rating on the stock in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $50.89.

About U.S. Bancorp

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.