U.S. Bancorp $USB Holdings Trimmed by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. reduced its stake in shares of U.S. Bancorp (NYSE:USB) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,061,286 shares of the financial services provider’s stock after selling 9,317 shares during the quarter. Eurizon Capital SGR S.p.A. owned 0.07% of U.S. Bancorp worth $61,313,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in USB. Dimensional Fund Advisors LP lifted its holdings in U.S. Bancorp by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,369,212 shares of the financial services provider’s stock valued at $539,232,000 after purchasing an additional 93,025 shares during the last quarter. Mufg Bank LTD. bought a new stake in U.S. Bancorp during the second quarter worth about $2,680,199,000. Illinois Municipal Retirement Fund grew its stake in U.S. Bancorp by 57.1% during the first quarter. Illinois Municipal Retirement Fund now owns 92,257 shares of the financial services provider’s stock worth $4,798,000 after buying an additional 33,517 shares during the last quarter. First Bank & Trust grew its stake in U.S. Bancorp by 43.0% during the third quarter. First Bank & Trust now owns 133,794 shares of the financial services provider’s stock worth $7,728,000 after buying an additional 40,208 shares during the last quarter. Finally, Cardinal Capital Management Inc. increased its holdings in shares of U.S. Bancorp by 5.4% during the second quarter. Cardinal Capital Management Inc. now owns 326,565 shares of the financial services provider’s stock worth $19,725,000 after buying an additional 16,814 shares in the last quarter. 77.60% of the stock is owned by institutional investors.

Insider Activity at U.S. Bancorp

In other news, CEO Gunjan Kedia sold 27,267 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $62.37, for a total transaction of $1,700,642.79. Following the sale, the chief executive officer directly owned 426,262 shares of the company’s stock, valued at $26,585,960.94. This represents a 6.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is owned by company insiders.

U.S. Bancorp Stock Down 0.3%

Shares of NYSE USB opened at $60.53 on Friday. U.S. Bancorp has a 12-month low of $45.02 and a 12-month high of $66.07. The firm’s 50-day simple moving average is $59.55 and its 200 day simple moving average is $58.28. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. The company has a market cap of $94.32 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 1.16 and a beta of 1.02.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Thursday, October 15th. The financial services provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.02. The firm had revenue of $8.04 billion for the quarter, compared to analyst estimates of $8 billion. U.S. Bancorp had a net margin of 18.85% and a return on equity of 13.85%. The company’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.22 EPS. On average, research analysts expect that U.S. Bancorp will post 5.30 earnings per share for the current fiscal year.

U.S. Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.54 per share. The ex-dividend date was Wednesday, September 30th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.52. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.6%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 42.11%.

Analyst Upgrades and Downgrades

USB has been the subject of a number of research analyst reports. Truist Financial cut their target price on shares of U.S. Bancorp from $69.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, October 1st. CLSA set a $67.50 price target on U.S. Bancorp in a research report on Monday, July 20th. Stephens increased their price target on U.S. Bancorp from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Wells Fargo & Company raised their price target on U.S. Bancorp from $66.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Finally, Robert W. Baird lifted their price objective on U.S. Bancorp from $64.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.65.

U.S. Bancorp Profile

U.S. Bancorp is the parent company of U.S. Bank, a financial services provider serving consumers, businesses, institutions and government entities across the United States. Its history traces to 1863, when one of its predecessor institutions, First National Bank of Cincinnati, was established. U.S. Bank offers consumer and business banking, lending, payment services, wealth management, investment services and corporate trust services. Its products include checking and savings accounts, credit cards, mortgages, commercial loans and digital banking solutions.