Dymon Asia Capital Singapore PTE. LTD. Purchases 28,300 Shares of U.S. Bancorp $USB

Dymon Asia Capital Singapore PTE. LTD. raised its position in shares of U.S. Bancorp (NYSE:USB) by 95.9% in the fourth quarter, Holdings Channel reports. The fund owned 57,800 shares of the financial services provider’s stock after buying an additional 28,300 shares during the quarter. Dymon Asia Capital Singapore PTE. LTD.’s holdings in U.S. Bancorp were worth $3,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Citigroup Inc. boosted its holdings in U.S. Bancorp by 2.4% in the 3rd quarter. Citigroup Inc. now owns 1,749,812 shares of the financial services provider’s stock valued at $84,568,000 after purchasing an additional 41,803 shares during the period. Danske Bank A S bought a new stake in U.S. Bancorp in the 3rd quarter valued at $37,162,000. Nordea Investment Management AB boosted its holdings in U.S. Bancorp by 15.3% in the 4th quarter. Nordea Investment Management AB now owns 2,690,174 shares of the financial services provider’s stock valued at $144,462,000 after purchasing an additional 357,300 shares during the period. Goodman Advisory Group LLC boosted its holdings in U.S. Bancorp by 30.5% in the 3rd quarter. Goodman Advisory Group LLC now owns 194,035 shares of the financial services provider’s stock valued at $9,378,000 after purchasing an additional 45,365 shares during the period. Finally, Lighthouse Investment Partners LLC boosted its holdings in U.S. Bancorp by 92.9% in the 3rd quarter. Lighthouse Investment Partners LLC now owns 252,335 shares of the financial services provider’s stock valued at $12,195,000 after purchasing an additional 121,529 shares during the period. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Price Performance

NYSE:USB opened at $58.90 on Friday. The company has a 50-day moving average of $55.25 and a 200-day moving average of $54.53. The company has a market capitalization of $91.37 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 1.06 and a beta of 0.97. U.S. Bancorp has a 52 week low of $42.55 and a 52 week high of $61.19. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.81 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. The company had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $7.27 billion. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. As a group, equities research analysts anticipate that U.S. Bancorp will post 5.07 earnings per share for the current fiscal year.

Insider Activity

In other U.S. Bancorp news, EVP Venkatachari Dilip sold 34,522 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the sale, the executive vice president directly owned 51,292 shares of the company’s stock, valued at approximately $2,847,731.84. This represents a 40.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jodi L. Richard sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the sale, the insider directly owned 207,251 shares of the company’s stock, valued at approximately $11,813,307. The trade was a 16.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

USB has been the subject of a number of research reports. Morgan Stanley set a $64.00 price target on shares of U.S. Bancorp in a report on Friday, April 17th. JPMorgan Chase & Co. reduced their price objective on shares of U.S. Bancorp from $58.00 to $57.50 and set an “underweight” rating for the company in a report on Thursday, April 30th. DA Davidson reaffirmed a “buy” rating and set a $65.00 price objective on shares of U.S. Bancorp in a report on Friday, April 17th. Piper Sandler reaffirmed a “buy” rating on shares of U.S. Bancorp in a report on Thursday, February 26th. Finally, Royal Bank Of Canada raised their price objective on shares of U.S. Bancorp from $59.00 to $61.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $61.20.

U.S. Bancorp Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.