iSAM Funds UK Ltd Buys 1,572 Shares of U.S. Bancorp (NYSE:USB)

iSAM Funds UK Ltd raised its stake in shares of U.S. Bancorp (NYSE:USB) by 17.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,449 shares of the financial services provider’s stock after purchasing an additional 1,572 shares during the period. iSAM Funds UK Ltd’s holdings in U.S. Bancorp were worth $500,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vident Advisory LLC lifted its holdings in shares of U.S. Bancorp by 2.9% in the 4th quarter. Vident Advisory LLC now owns 48,690 shares of the financial services provider’s stock valued at $2,329,000 after acquiring an additional 1,365 shares during the last quarter. Teewinot Capital Advisers L.L.C. lifted its holdings in shares of U.S. Bancorp by 715.9% in the 4th quarter. Teewinot Capital Advisers L.L.C. now owns 703,597 shares of the financial services provider’s stock valued at $33,653,000 after acquiring an additional 617,363 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of U.S. Bancorp by 21.6% in the 4th quarter. Tidal Investments LLC now owns 66,207 shares of the financial services provider’s stock valued at $3,167,000 after acquiring an additional 11,769 shares during the last quarter. TrinityPoint Wealth LLC lifted its holdings in shares of U.S. Bancorp by 2.3% in the 4th quarter. TrinityPoint Wealth LLC now owns 10,355 shares of the financial services provider’s stock valued at $495,000 after acquiring an additional 231 shares during the last quarter. Finally, Toronto Dominion Bank lifted its holdings in shares of U.S. Bancorp by 59.1% in the 4th quarter. Toronto Dominion Bank now owns 834,610 shares of the financial services provider’s stock valued at $39,919,000 after acquiring an additional 310,031 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In other news, Director Aleem Gillani bought 5,000 shares of the stock in a transaction on Monday, April 21st. The stock was bought at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the purchase, the director now directly owns 15,000 shares in the company, valued at approximately $559,800. The trade was a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is owned by insiders.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $44.76 on Tuesday. The firm has a market cap of $69.74 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 1.73 and a beta of 0.97. The company’s 50 day moving average is $40.85 and its 200 day moving average is $45.96. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.06. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. During the same period last year, the firm earned $0.78 earnings per share. On average, sell-side analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.50 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 4.47%. U.S. Bancorp’s dividend payout ratio (DPR) is 49.50%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on USB. Wells Fargo & Company reduced their price objective on shares of U.S. Bancorp from $56.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Piper Sandler reduced their price objective on shares of U.S. Bancorp from $49.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Cowen began coverage on shares of U.S. Bancorp in a research report on Wednesday, May 14th. They issued a “buy” rating on the stock. Citigroup reduced their price objective on shares of U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Finally, The Goldman Sachs Group reduced their price objective on shares of U.S. Bancorp from $51.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $50.89.

U.S. Bancorp 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.