Occudo Quantitative Strategies LP Purchases New Position in U.S. Bancorp (NYSE:USB)

Occudo Quantitative Strategies LP acquired a new position in shares of U.S. Bancorp (NYSE:USB) during the 4th quarter, Holdings Channel reports. The fund acquired 19,119 shares of the financial services provider’s stock, valued at approximately $914,000.

Other large investors also recently added to or reduced their stakes in the company. Winch Advisory Services LLC increased its position in shares of U.S. Bancorp by 1,088.9% during the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 490 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in U.S. Bancorp in the fourth quarter worth $26,000. FPC Investment Advisory Inc. purchased a new position in U.S. Bancorp during the fourth quarter worth $28,000. Stonebridge Financial Group LLC bought a new position in U.S. Bancorp during the fourth quarter valued at $30,000. Finally, Picton Mahoney Asset Management purchased a new stake in shares of U.S. Bancorp in the fourth quarter valued at $30,000. 77.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Aleem Gillani purchased 5,000 shares of U.S. Bancorp stock in a transaction dated Monday, April 21st. The stock was purchased at an average cost of $37.32 per share, with a total value of $186,600.00. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $559,800. The trade was a 50.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.23% of the stock is owned by company insiders.

U.S. Bancorp Stock Up 0.8%

NYSE:USB opened at $44.35 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The company has a 50-day moving average of $40.69 and a 200 day moving average of $46.08. The firm has a market cap of $69.10 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97.

U.S. Bancorp (NYSE:USB) last posted its quarterly 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 business had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the previous year, the business posted $0.78 EPS. As a group, research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently announced 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 was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.51%. U.S. Bancorp’s dividend payout ratio is currently 49.50%.

Analyst Ratings Changes

USB has been the subject of a number of recent analyst reports. Piper Sandler dropped their price target on shares of U.S. Bancorp from $49.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Bank of America decreased their price objective on shares of U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Wolfe Research raised U.S. Bancorp from a “peer perform” rating to an “outperform” rating and set a $49.00 target price on the stock in a research note on Thursday, April 3rd. Truist Financial decreased their price target on U.S. Bancorp from $51.00 to $48.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Finally, Wells Fargo & Company dropped their price objective on U.S. Bancorp from $56.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.48.

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.