Prudential PLC Has $4.85 Million Stake in U.S. Bancorp (NYSE:USB)

Prudential PLC boosted its stake in shares of U.S. Bancorp (NYSE:USB) by 34.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 101,414 shares of the financial services provider’s stock after buying an additional 26,092 shares during the quarter. Prudential PLC’s holdings in U.S. Bancorp were worth $4,851,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in USB. Arete Wealth Advisors LLC boosted its stake in shares of U.S. Bancorp by 84.2% in the 4th quarter. Arete Wealth Advisors LLC now owns 34,700 shares of the financial services provider’s stock valued at $1,660,000 after purchasing an additional 15,864 shares during the last quarter. World Investment Advisors lifted its holdings in U.S. Bancorp by 26.5% in the fourth quarter. World Investment Advisors now owns 66,545 shares of the financial services provider’s stock valued at $3,183,000 after buying an additional 13,926 shares during the period. Westpac Banking Corp boosted its position in U.S. Bancorp by 9.8% during the fourth quarter. Westpac Banking Corp now owns 12,795 shares of the financial services provider’s stock valued at $612,000 after acquiring an additional 1,142 shares during the last quarter. OneAscent Financial Services LLC acquired a new stake in U.S. Bancorp during the 4th quarter worth about $498,000. Finally, Cinctive Capital Management LP acquired a new stake in U.S. Bancorp during the 4th quarter worth about $4,102,000. Institutional investors own 77.60% of the company’s stock.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, CEO Andrew Cecere sold 102,044 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was 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 represents a 7.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jodi L. Richard sold 30,000 shares of U.S. Bancorp stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $47.59, for a total value of $1,427,700.00. Following the sale, the insider now owns 99,790 shares in the company, valued at $4,749,006.10. The trade was a 23.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 219,812 shares of company stock valued at $10,385,665. 0.23% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Oppenheimer upped their target price on U.S. Bancorp from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Piper Sandler upgraded U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price target on the stock in a report on Monday, January 13th. Bank of America lowered their price objective on shares of U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Truist Financial cut their target price on shares of U.S. Bancorp from $54.00 to $51.00 and set a “hold” rating on the stock in a research note on Friday. Finally, Morgan Stanley decreased their price target on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $52.89.

U.S. Bancorp Price Performance

Shares of NYSE:USB opened at $36.78 on Friday. 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 stock has a market cap of $57.30 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91. The stock’s fifty day simple moving average is $44.92 and its two-hundred day simple moving average is $47.43. U.S. Bancorp has a 1-year low of $35.74 and a 1-year high of $53.98.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. During the same period last year, the firm earned $0.99 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. As a group, analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.44%. The ex-dividend date of this dividend is Monday, March 31st. U.S. Bancorp’s dividend payout ratio is presently 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.