Nisa Investment Advisors LLC Grows Position in U.S. Bancorp $USB

Nisa Investment Advisors LLC boosted its holdings in U.S. Bancorp (NYSE:USB) by 4.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 412,695 shares of the financial services provider’s stock after acquiring an additional 18,145 shares during the quarter. Nisa Investment Advisors LLC’s holdings in U.S. Bancorp were worth $18,881,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of USB. Brighton Jones LLC raised its position 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 acquiring an additional 36,863 shares in the last quarter. GAMMA Investing LLC raised its position in U.S. Bancorp by 0.9% in the first quarter. GAMMA Investing LLC now owns 36,656 shares of the financial services provider’s stock worth $1,548,000 after acquiring an additional 333 shares in the last quarter. Highland Capital Management LLC raised its position in U.S. Bancorp by 1.3% in the first quarter. Highland Capital Management LLC now owns 65,244 shares of the financial services provider’s stock worth $2,755,000 after acquiring an additional 829 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of U.S. Bancorp by 2.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,591,115 shares of the financial services provider’s stock valued at $151,617,000 after buying an additional 97,444 shares in the last quarter. Finally, Joel Isaacson & Co. LLC increased its position in shares of U.S. Bancorp by 19.1% in the first quarter. Joel Isaacson & Co. LLC now owns 6,698 shares of the financial services provider’s stock valued at $283,000 after buying an additional 1,074 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Trading Up 1.0%

U.S. Bancorp stock opened at $48.31 on Monday. The stock has a market cap of $75.17 billion, a PE ratio of 11.05, a P/E/G ratio of 1.29 and a beta of 1.06. The stock has a 50-day moving average price of $48.10 and a 200 day moving average price of $45.23. U.S. Bancorp has a 52 week low of $35.18 and a 52 week 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 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.11. The firm had revenue of $7.34 billion during the quarter, compared to analysts’ expectations of $7.17 billion. U.S. Bancorp had a return on equity of 13.34% and a net margin of 16.89%.The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 EPS. Equities research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.52 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.08 dividend on an annualized basis and a yield of 4.3%. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.50. U.S. Bancorp’s dividend payout ratio (DPR) is 47.60%.

Insider Transactions at U.S. Bancorp

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on USB shares. Morgan Stanley restated a “positive” rating on shares of U.S. Bancorp in a research report on Friday, October 17th. Citigroup raised their price target on U.S. Bancorp from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Deutsche Bank Aktiengesellschaft upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $52.50 price target for the company in a research report on Thursday. Truist Financial raised their price target on U.S. Bancorp from $51.00 to $52.00 and gave the company a “hold” rating in a research report on Friday, October 17th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of U.S. Bancorp in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $54.55.

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.