U.S. Bancorp (NYSE:USB) Shares Purchased by Live Oak Investment Partners

Live Oak Investment Partners increased its holdings in U.S. Bancorp (NYSE:USB) by 27.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,262 shares of the financial services provider’s stock after purchasing an additional 3,044 shares during the quarter. Live Oak Investment Partners’ holdings in U.S. Bancorp were worth $682,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Keybank National Association OH lifted its position in shares of U.S. Bancorp by 0.4% during the 4th quarter. Keybank National Association OH now owns 72,221 shares of the financial services provider’s stock valued at $3,454,000 after buying an additional 296 shares in the last quarter. Alley Investment Management Company LLC raised its position in U.S. Bancorp by 3.5% during the fourth quarter. Alley Investment Management Company LLC now owns 139,557 shares of the financial services provider’s stock worth $6,675,000 after acquiring an additional 4,758 shares during the period. Commerzbank Aktiengesellschaft FI lifted its holdings in U.S. Bancorp by 5.7% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 115,048 shares of the financial services provider’s stock valued at $5,552,000 after purchasing an additional 6,236 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in U.S. Bancorp by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 49,789,725 shares of the financial services provider’s stock valued at $2,381,443,000 after purchasing an additional 2,460,845 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in shares of U.S. Bancorp by 68.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 64,468 shares of the financial services provider’s stock valued at $3,084,000 after purchasing an additional 26,251 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on USB. DA Davidson raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their price target for the company from $58.00 to $60.00 in a research note on Thursday, January 2nd. Citigroup upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their target price for the company from $49.00 to $65.00 in a research report on Monday, November 25th. Morgan Stanley lowered their price target on U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Truist Financial assumed coverage on U.S. Bancorp in a research note on Tuesday, January 7th. They issued a “hold” rating and a $54.00 price objective for the company. Finally, Oppenheimer lifted their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, U.S. Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $54.21.

Insider Buying and Selling at U.S. Bancorp

In related news, EVP James L. Chosy sold 21,451 shares of U.S. Bancorp stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total value of $1,022,140.15. Following the completion of the transaction, the executive vice president now owns 198,127 shares in the company, valued at approximately $9,440,751.55. The trade was a 9.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Cecere sold 102,044 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the sale, the chief executive officer now owns 1,230,316 shares in the company, valued at approximately $58,132,431. This trade represents a 7.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 219,812 shares of company stock valued at $10,385,665 in the last three months. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Stock Down 3.6 %

Shares of NYSE:USB opened at $44.56 on Wednesday. The business has a 50-day moving average price of $47.79 and a 200 day moving average price of $47.91. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $69.51 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 1.73 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. During the same quarter last year, the firm earned $0.99 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. Sell-side analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is 52.77%.

About U.S. Bancorp

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.