Inceptionr LLC Has $2.16 Million Holdings in U.S. Bancorp $USB

Inceptionr LLC raised its stake in shares of U.S. Bancorp (NYSE:USB) by 50.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,582 shares of the financial services provider’s stock after buying an additional 13,968 shares during the quarter. U.S. Bancorp comprises 0.5% of Inceptionr LLC’s portfolio, making the stock its 8th largest holding. Inceptionr LLC’s holdings in U.S. Bancorp were worth $2,163,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Savvy Advisors Inc. boosted its position in U.S. Bancorp by 244.4% during the fourth quarter. Savvy Advisors Inc. now owns 30,872 shares of the financial services provider’s stock worth $1,647,000 after purchasing an additional 21,907 shares during the period. Cardinal Capital Management Inc. raised its position in shares of U.S. Bancorp by 17.3% in the fourth quarter. Cardinal Capital Management Inc. now owns 285,196 shares of the financial services provider’s stock valued at $15,218,000 after purchasing an additional 42,095 shares during the period. Keudell Morrison Wealth Management purchased a new stake in shares of U.S. Bancorp during the 4th quarter valued at approximately $2,856,000. Principal Financial Group Inc. lifted its stake in shares of U.S. Bancorp by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 1,769,589 shares of the financial services provider’s stock valued at $94,425,000 after buying an additional 49,733 shares in the last quarter. Finally, ABN Amro Investment Solutions boosted its holdings in U.S. Bancorp by 7.9% in the 4th quarter. ABN Amro Investment Solutions now owns 252,961 shares of the financial services provider’s stock worth $13,498,000 after buying an additional 18,468 shares during the period. 77.60% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, EVP Venkatachari Dilip sold 34,522 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total value of $1,916,661.44. Following the completion of the transaction, the executive vice president owned 51,292 shares of the company’s stock, valued at $2,847,731.84. The trade was a 40.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of U.S. Bancorp from $64.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, June 29th. Keefe, Bruyette & Woods lifted their price target on U.S. Bancorp from $63.00 to $66.00 and gave the company a “market perform” rating in a research report on Friday, July 17th. Truist Financial boosted their price objective on U.S. Bancorp from $66.00 to $69.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Robert W. Baird raised their target price on U.S. Bancorp from $64.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, July 17th. Finally, Citigroup reaffirmed a “buy” rating on shares of U.S. Bancorp in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.00.

U.S. Bancorp Trading Down 1.8%

U.S. Bancorp stock opened at $63.28 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.82 and a current ratio of 0.83. U.S. Bancorp has a fifty-two week low of $43.46 and a fifty-two week high of $64.84. The stock has a market cap of $98.16 billion, a P/E ratio of 12.63, a PEG ratio of 1.06 and a beta of 0.96. The firm’s fifty day moving average price is $58.68 and its 200-day moving average price is $56.37.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Thursday, July 16th. The financial services provider reported $1.35 EPS for the quarter, topping the consensus estimate of $1.28 by $0.07. U.S. Bancorp had a return on equity of 13.69% and a net margin of 18.49%.The business had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.58 billion. During the same period in the previous year, the business earned $1.11 earnings per share. Equities research analysts forecast that U.S. Bancorp will post 5.22 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Tuesday, June 30th. U.S. Bancorp’s dividend payout ratio (DPR) is currently 41.52%.

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.