85,763 Shares in U.S. Bancorp (NYSE:USB) Purchased by Cinctive Capital Management LP

Cinctive Capital Management LP acquired a new stake in shares of U.S. Bancorp (NYSE:USB) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 85,763 shares of the financial services provider’s stock, valued at approximately $4,102,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in USB. Benjamin Edwards Inc. boosted its holdings in U.S. Bancorp by 1,261.6% in the 3rd quarter. Benjamin Edwards Inc. now owns 142,264 shares of the financial services provider’s stock worth $6,506,000 after buying an additional 131,816 shares during the period. HighTower Advisors LLC boosted its holdings in shares of U.S. Bancorp by 31.3% in the third quarter. HighTower Advisors LLC now owns 829,130 shares of the financial services provider’s stock worth $37,930,000 after acquiring an additional 197,725 shares during the period. Janus Henderson Group PLC grew its position in shares of U.S. Bancorp by 229.5% in the third quarter. Janus Henderson Group PLC now owns 845,686 shares of the financial services provider’s stock valued at $38,671,000 after purchasing an additional 588,999 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of U.S. Bancorp by 267.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 19,036 shares of the financial services provider’s stock valued at $871,000 after purchasing an additional 13,849 shares during the period. Finally, Investment Management Corp of Ontario lifted its holdings in U.S. Bancorp by 49.6% during the 3rd quarter. Investment Management Corp of Ontario now owns 51,851 shares of the financial services provider’s stock worth $2,371,000 after purchasing an additional 17,200 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Up 3.1 %

USB opened at $43.05 on Thursday. U.S. Bancorp has a 12 month low of $37.81 and a 12 month high of $53.98. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The business’s 50-day moving average price is $45.36 and its 200-day moving average price is $47.52. The company has a market cap of $67.07 billion, a P/E ratio of 11.36, a P/E/G ratio of 1.73 and a beta of 1.02.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $7 billion. During the same period in the previous year, the firm earned $0.99 EPS. The business’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date is Monday, March 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 52.77%.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 30,000 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $47.59, for a total value of $1,427,700.00. Following the completion of the sale, the insider now owns 99,790 shares in the company, valued at approximately $4,749,006.10. This trade represents a 23.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $46.96, for a total value of $3,114,246.32. Following the transaction, the insider now owns 209,482 shares of the company’s stock, valued at approximately $9,837,274.72. This represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 219,812 shares of company stock worth $10,385,665. 0.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. DA Davidson raised U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their target price for the company from $58.00 to $60.00 in a report on Thursday, January 2nd. Bank of America cut their price target on shares of U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating for the company in a report on Monday, March 17th. Piper Sandler raised shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price target on the stock in a report on Monday, January 13th. Barclays lifted their price objective on U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, Oppenheimer upped their target price on U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, U.S. Bancorp has a consensus rating of “Moderate Buy” and an average price target of $53.21.

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.