Integrity Alliance LLC. Increases Holdings in U.S. Bancorp $USB

Integrity Alliance LLC. boosted its stake in U.S. Bancorp (NYSE:USB) by 88.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,262 shares of the financial services provider’s stock after purchasing an additional 23,161 shares during the period. Integrity Alliance LLC.’s holdings in U.S. Bancorp were worth $2,629,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Citigroup Inc. increased its stake 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 worth $84,568,000 after purchasing an additional 41,803 shares during the period. Jones Financial Companies Lllp increased its stake in U.S. Bancorp by 15.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 358,972 shares of the financial services provider’s stock worth $17,738,000 after purchasing an additional 47,537 shares during the period. Danske Bank A S purchased a new position in U.S. Bancorp in the 3rd quarter worth approximately $37,162,000. Roman Butler Fullerton & Co. purchased a new position in U.S. Bancorp in the 3rd quarter worth approximately $893,000. Finally, Nordea Investment Management AB increased its stake 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 worth $144,462,000 after purchasing an additional 357,300 shares during the period. 77.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the company. DA Davidson reaffirmed a “buy” rating and issued a $65.00 price target on shares of U.S. Bancorp in a research note on Friday, April 17th. Truist Financial reduced their target price on U.S. Bancorp from $63.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, April 17th. Royal Bank Of Canada boosted their target price on U.S. Bancorp from $59.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Weiss Ratings raised U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, Morgan Stanley set a $64.00 target price on U.S. Bancorp in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.20.

Insider Buying and Selling at U.S. Bancorp

In related news, EVP Venkatachari Dilip sold 34,522 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total value of $1,916,661.44. Following the sale, the executive vice president directly owned 51,292 shares of the company’s stock, valued at $2,847,731.84. This represents a 40.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jodi L. Richard sold 40,000 shares of the company’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total value of $2,280,000.00. Following the completion of the sale, the insider directly owned 207,251 shares in the company, valued at approximately $11,813,307. The trade was a 16.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is owned by corporate insiders.

U.S. Bancorp Stock Performance

U.S. Bancorp stock opened at $54.63 on Thursday. U.S. Bancorp has a fifty-two week low of $42.55 and a fifty-two week high of $61.19. The stock’s 50 day simple moving average is $54.29 and its two-hundred day simple moving average is $53.86. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $84.81 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 1.00 and a beta of 1.00.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.04. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The firm had revenue of $7.32 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. As a group, analysts expect that U.S. Bancorp will post 5.09 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, March 31st. U.S. Bancorp’s dividend payout ratio is presently 43.61%.

U.S. Bancorp Company 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.