IFM Investors Pty Ltd Boosts Holdings in U.S. Bancorp $USB

IFM Investors Pty Ltd lifted its stake in shares of U.S. Bancorp (NYSE:USB) by 5.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 311,481 shares of the financial services provider’s stock after buying an additional 15,924 shares during the quarter. IFM Investors Pty Ltd’s holdings in U.S. Bancorp were worth $15,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Parcion Private Wealth LLC raised its position in shares of U.S. Bancorp by 0.4% in the 3rd quarter. Parcion Private Wealth LLC now owns 53,412 shares of the financial services provider’s stock worth $2,581,000 after acquiring an additional 218 shares in the last quarter. Curbstone Financial Management Corp grew its stake in U.S. Bancorp by 0.6% in the second quarter. Curbstone Financial Management Corp now owns 39,982 shares of the financial services provider’s stock worth $1,809,000 after purchasing an additional 222 shares during the period. Crestwood Advisors Group LLC raised its holdings in U.S. Bancorp by 3.5% in the second quarter. Crestwood Advisors Group LLC now owns 7,021 shares of the financial services provider’s stock worth $318,000 after purchasing an additional 237 shares in the last quarter. Mechanics Financial Corp lifted its position in U.S. Bancorp by 5.3% during the second quarter. Mechanics Financial Corp now owns 4,806 shares of the financial services provider’s stock valued at $217,000 after buying an additional 240 shares during the period. Finally, Northern Financial Advisors Inc boosted its holdings in shares of U.S. Bancorp by 5.0% during the 2nd quarter. Northern Financial Advisors Inc now owns 5,033 shares of the financial services provider’s stock valued at $228,000 after buying an additional 241 shares in the last quarter. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Price Performance

Shares of USB opened at $54.94 on Thursday. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $55.15. The company has a market capitalization of $85.40 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 1.03 and a beta of 1.10. The firm has a 50 day moving average of $49.23 and a 200 day moving average of $47.62. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.10.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, October 16th. The financial services provider reported $1.22 EPS for the quarter, beating the consensus estimate of $1.11 by $0.11. The business had revenue of $7.34 billion for the quarter, compared to the consensus estimate of $7.17 billion. U.S. Bancorp had a return on equity of 13.34% and a net margin of 16.89%.The company’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business posted $1.03 EPS. As a group, equities research analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.08 dividend on an annualized basis and a yield of 3.8%. U.S. Bancorp’s payout ratio is 47.60%.

Insider Activity

In other news, EVP James L. Chosy sold 26,909 shares of the firm’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $46.86, for a total transaction of $1,260,955.74. Following the sale, the executive vice president owned 226,375 shares of the company’s stock, valued at $10,607,932.50. This trade represents a 10.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Andrew Cecere sold 140,445 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $46.34, for a total transaction of $6,508,221.30. Following the transaction, the chairman directly owned 1,360,414 shares of the company’s stock, valued at $63,041,584.76. The trade was a 9.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on USB. Keefe, Bruyette & Woods increased their price target on shares of U.S. Bancorp from $53.00 to $58.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 17th. Truist Financial raised their target price on shares of U.S. Bancorp from $52.00 to $58.00 and gave the company a “hold” rating in a research note on Thursday, December 18th. Bank of America lifted their target price on shares of U.S. Bancorp from $54.00 to $55.00 and gave the company a “buy” rating in a report on Friday, October 17th. UBS Group upped their price target on U.S. Bancorp from $49.00 to $50.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Finally, Cowen reaffirmed a “buy” rating on shares of U.S. Bancorp in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, U.S. Bancorp currently has an average rating of “Moderate Buy” and an average price target of $54.95.

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.