SBI Securities Co. Ltd. Invests $730,000 in U.S. Bancorp (NYSE:USB)

SBI Securities Co. Ltd. bought a new stake in U.S. Bancorp (NYSE:USB) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 15,256 shares of the financial services provider’s stock, valued at approximately $730,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in shares of U.S. Bancorp by 55.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 13,937 shares of the financial services provider’s stock valued at $637,000 after acquiring an additional 4,976 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in U.S. Bancorp by 3.6% during the third quarter. Chicago Partners Investment Group LLC now owns 12,747 shares of the financial services provider’s stock valued at $619,000 after purchasing an additional 446 shares during the period. Angeles Wealth Management LLC bought a new stake in shares of U.S. Bancorp in the 3rd quarter valued at approximately $208,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of U.S. Bancorp by 6.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 77,023 shares of the financial services provider’s stock worth $3,522,000 after purchasing an additional 4,356 shares during the period. Finally, Forum Financial Management LP increased its position in shares of U.S. Bancorp by 16.7% during the 3rd quarter. Forum Financial Management LP now owns 12,363 shares of the financial services provider’s stock valued at $565,000 after purchasing an additional 1,770 shares during the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on USB shares. Citigroup upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their price target for the stock from $49.00 to $65.00 in a research report on Monday, November 25th. Piper Sandler upgraded shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 target price for the company in a report on Monday, January 13th. Raymond James upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a report on Thursday, December 19th. Wells Fargo & Company increased their price objective on shares of U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Barclays boosted their target price on U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.21.

Insider Buying and Selling at U.S. Bancorp

In related news, insider Terrance R. Dolan sold 66,317 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the sale, the insider now owns 209,482 shares of the company’s stock, valued at $9,837,274.72. This trade represents a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew Cecere sold 102,044 shares of U.S. Bancorp stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total value of $4,821,579.00. Following the completion of the transaction, the chief executive officer now owns 1,230,316 shares in the company, valued at $58,132,431. This trade represents a 7.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 219,812 shares of company stock valued at $10,385,665. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock opened at $46.21 on Tuesday. U.S. Bancorp has a 12 month low of $37.81 and a 12 month high of $53.98. The stock’s fifty day moving average price is $47.87 and its 200-day moving average price is $47.90. The firm has a market cap of $72.08 billion, a P/E ratio of 12.19, a P/E/G ratio of 1.73 and a beta of 1.04. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS 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 business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. During the same quarter in the previous year, the business posted $0.99 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts expect that U.S. Bancorp will post 4.38 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, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.33%. U.S. Bancorp’s dividend payout ratio is currently 52.77%.

U.S. Bancorp 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.