Chicago Capital LLC Increases Stock Holdings in U.S. Bancorp (NYSE:USB)

Chicago Capital LLC boosted its stake in shares of U.S. Bancorp (NYSE:USB) by 5.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,435 shares of the financial services provider’s stock after buying an additional 553 shares during the period. Chicago Capital LLC’s holdings in U.S. Bancorp were worth $499,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of USB. Stock Yards Bank & Trust Co. increased its position in U.S. Bancorp by 2.0% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 46,481 shares of the financial services provider’s stock valued at $2,223,000 after acquiring an additional 904 shares during the last quarter. Western Pacific Wealth Management LP grew its holdings in U.S. Bancorp by 37.4% during the 4th quarter. Western Pacific Wealth Management LP now owns 7,007 shares of the financial services provider’s stock valued at $335,000 after purchasing an additional 1,907 shares during the last quarter. Greenleaf Trust raised its position in U.S. Bancorp by 2.8% in the 4th quarter. Greenleaf Trust now owns 32,836 shares of the financial services provider’s stock worth $1,571,000 after purchasing an additional 890 shares during the period. Sylvest Advisors LLC bought a new stake in U.S. Bancorp in the fourth quarter worth about $517,000. Finally, DAVENPORT & Co LLC boosted its position in shares of U.S. Bancorp by 10.0% during the fourth quarter. DAVENPORT & Co LLC now owns 191,691 shares of the financial services provider’s stock valued at $9,169,000 after buying an additional 17,434 shares during the period. 77.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. DA Davidson raised U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their price target for the stock from $58.00 to $60.00 in a research note on Thursday, January 2nd. Citigroup upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $49.00 to $65.00 in a research report on Monday, November 25th. Stephens upped their price target on shares of U.S. Bancorp from $49.00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Raymond James upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a report on Thursday, December 19th. Finally, Piper Sandler raised shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price objective for the company in a research report on Monday, January 13th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, U.S. Bancorp has an average rating of “Moderate Buy” and a consensus price target of $54.21.

U.S. Bancorp Price Performance

USB opened at $46.89 on Tuesday. The firm has a market capitalization of $73.15 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 1.77 and a beta of 1.04. The business’s 50-day moving average is $49.71 and its two-hundred day moving average is $47.39. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98. 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 (NYSE:USB) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. The firm had revenue of $7.01 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.99 EPS. Research analysts anticipate that U.S. Bancorp will post 4.37 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given 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 dividend yield of 4.27%. U.S. Bancorp’s payout ratio is 52.77%.

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.