Bearing Point Capital LLC Makes New Investment in U.S. Bancorp (NYSE:USB)

Bearing Point Capital LLC acquired a new stake in shares of U.S. Bancorp (NYSE:USB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 48,681 shares of the financial services provider’s stock, valued at approximately $2,328,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Winch Advisory Services LLC boosted its stake in 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 during the fourth quarter worth $26,000. FPC Investment Advisory Inc. purchased a new stake in U.S. Bancorp in the 4th quarter valued at $28,000. Stonebridge Financial Group LLC bought a new position in U.S. Bancorp during the 4th quarter valued at $30,000. Finally, Picton Mahoney Asset Management purchased a new position in U.S. Bancorp during the 4th quarter worth $30,000. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Trading Up 2.4 %

Shares of USB stock opened at $41.47 on Friday. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The company’s fifty day simple moving average is $41.14 and its two-hundred day simple moving average is $46.38. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The stock has a market capitalization of $64.61 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 1.73 and a beta of 0.91.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. The business had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.92 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. During the same quarter in the prior year, the firm posted $0.78 EPS. As a group, analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date was Monday, March 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 49.50%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on USB shares. Keefe, Bruyette & Woods dropped their price target on shares of U.S. Bancorp from $54.00 to $49.00 and set a “market perform” rating on the stock in a research report on Thursday, April 17th. Piper Sandler cut their target price on U.S. Bancorp from $49.00 to $48.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Morgan Stanley decreased their price target on U.S. Bancorp from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $43.50 price objective (down previously from $51.00) on shares of U.S. Bancorp in a research report on Thursday, April 3rd. Finally, Wells Fargo & Company decreased their target price on U.S. Bancorp from $56.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, U.S. Bancorp has an average rating of “Moderate Buy” and an average target price of $50.48.

Insider Buying and Selling

In related news, insider Terrance R. Dolan sold 66,317 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the completion of the transaction, the insider now directly owns 209,482 shares in the company, valued at $9,837,274.72. The trade was a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Aleem Gillani purchased 5,000 shares of the stock in a transaction on Monday, April 21st. The stock was acquired at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the acquisition, the director now owns 15,000 shares in the company, valued at approximately $559,800. This represents a 50.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 219,812 shares of company stock valued at $10,385,665. Company insiders own 0.23% of the company’s stock.

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.