U.S. Bancorp (NYSE:USB) Shares Acquired by Signet Investment Advisory Group Inc.

Signet Investment Advisory Group Inc. increased its position in shares of U.S. Bancorp (NYSE:USB) by 5.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 85,041 shares of the financial services provider’s stock after purchasing an additional 4,167 shares during the period. U.S. Bancorp accounts for 2.1% of Signet Investment Advisory Group Inc.’s investment portfolio, making the stock its 15th biggest position. Signet Investment Advisory Group Inc.’s holdings in U.S. Bancorp were worth $4,067,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in USB. Cardinal Strategic Wealth Guidance bought a new position in shares of U.S. Bancorp during the fourth quarter valued at approximately $221,000. Sovran Advisors LLC acquired a new position in U.S. Bancorp during the 4th quarter valued at approximately $369,000. Stonebridge Financial Group LLC bought a new position in U.S. Bancorp during the 4th quarter worth $30,000. Essex Financial Services Inc. increased its position in U.S. Bancorp by 5.9% in the fourth quarter. Essex Financial Services Inc. now owns 11,701 shares of the financial services provider’s stock worth $560,000 after buying an additional 652 shares during the period. Finally, Pineridge Advisors LLC lifted its stake in U.S. Bancorp by 65.1% in the fourth quarter. Pineridge Advisors LLC now owns 1,286 shares of the financial services provider’s stock valued at $61,000 after buying an additional 507 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price target for the company. in a research report on Thursday, October 24th. Robert W. Baird set a $54.00 target price on shares of U.S. Bancorp in a research report on Thursday, October 17th. Evercore ISI lifted their price target on U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Compass Point increased their price objective on U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Piper Sandler raised U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 target price on the stock in a research note on Monday, January 13th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, U.S. Bancorp has a consensus rating of “Moderate Buy” and an average price target of $54.21.

U.S. Bancorp Trading Up 1.6 %

Shares of NYSE:USB opened at $47.62 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The stock has a market capitalization of $74.28 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 1.77 and a beta of 1.04. U.S. Bancorp has a 1-year low of $37.81 and a 1-year high of $53.98. The company has a 50 day moving average price of $48.97 and a 200 day moving average price of $47.48.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. The business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $0.99 EPS. On average, research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 4.20%. U.S. Bancorp’s payout ratio is presently 52.77%.

Insider Buying and Selling at U.S. Bancorp

In other news, EVP James L. Chosy sold 21,451 shares of U.S. Bancorp stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $47.65, for a total transaction of $1,022,140.15. Following the transaction, the executive vice president now owns 198,127 shares in the company, valued at approximately $9,440,751.55. The trade was a 9.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Cecere sold 102,044 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the completion of the sale, the chief executive officer now directly owns 1,230,316 shares of the company’s stock, valued at $58,132,431. This trade represents a 7.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 219,812 shares of company stock valued at $10,385,665. 0.23% of the stock is currently owned by corporate insiders.

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.