Entropy Technologies LP Has $7.89 Million Holdings in U.S. Bancorp $USB

Entropy Technologies LP increased its position in shares of U.S. Bancorp (NYSE:USB) by 135.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 174,387 shares of the financial services provider’s stock after buying an additional 100,313 shares during the period. Entropy Technologies LP’s holdings in U.S. Bancorp were worth $7,891,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Brighton Jones LLC increased its holdings in U.S. Bancorp by 323.0% in the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock worth $2,309,000 after purchasing an additional 36,863 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of U.S. Bancorp by 23.0% during the 1st quarter. IFP Advisors Inc now owns 16,727 shares of the financial services provider’s stock worth $706,000 after buying an additional 3,123 shares in the last quarter. Crestwood Advisors Group LLC grew its position in shares of U.S. Bancorp by 10.6% during the 1st quarter. Crestwood Advisors Group LLC now owns 6,784 shares of the financial services provider’s stock worth $286,000 after buying an additional 649 shares during the period. PFG Advisors increased its stake in shares of U.S. Bancorp by 26.2% in the 1st quarter. PFG Advisors now owns 6,697 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 1,391 shares in the last quarter. Finally, Machina Capital S.A.S. lifted its position in shares of U.S. Bancorp by 565.9% during the 1st quarter. Machina Capital S.A.S. now owns 101,050 shares of the financial services provider’s stock valued at $4,266,000 after acquiring an additional 85,874 shares during the period. Institutional investors own 77.60% of the company’s stock.

Wall Street Analysts Forecast Growth

USB has been the subject of a number of research reports. Truist Financial raised their price target on shares of U.S. Bancorp from $51.00 to $52.00 and gave the stock a “hold” rating in a report on Friday, October 17th. DA Davidson raised their target price on U.S. Bancorp from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Morgan Stanley reaffirmed a “positive” rating on shares of U.S. Bancorp in a research note on Friday, October 17th. Oppenheimer cut their price target on U.S. Bancorp from $66.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Cowen restated a “buy” rating on shares of U.S. Bancorp in a report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $54.45.

Insider Activity

In related news, Chairman Andrew Cecere sold 140,445 shares of U.S. Bancorp stock in a transaction on Monday, October 20th. The stock was sold at an average price of $46.34, for a total transaction of $6,508,221.30. Following the sale, the chairman directly owned 1,360,414 shares in the company, valued at approximately $63,041,584.76. This trade represents a 9.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP James L. Chosy sold 26,909 shares of the business’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $46.86, for a total value of $1,260,955.74. Following the completion of the transaction, the executive vice president directly owned 226,375 shares in the company, valued at approximately $10,607,932.50. This represents a 10.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Trading Down 0.7%

NYSE USB opened at $46.50 on Friday. The firm has a market capitalization of $72.27 billion, a P/E ratio of 10.64, a PEG ratio of 1.25 and a beta of 1.10. The business has a fifty day simple moving average of $47.59 and a 200 day simple moving average of $46.21. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.10.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.11. U.S. Bancorp had a net margin of 16.89% and a return on equity of 13.34%. The firm had revenue of $7.34 billion for the quarter, compared to the consensus estimate of $7.17 billion. During the same period in the previous year, the firm earned $1.03 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Tuesday, September 30th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.50. U.S. Bancorp’s payout ratio is currently 47.60%.

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.