8. DECENT WORK AND ECONOMIC GROWTH

U.S. Bancorp (NYSE:USB) Stake Raised by Grantham Mayo Van Otterloo & Co. LLC

Written by Amanda

Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of U.S. Bancorp (NYSE:USBFree Report) by 11.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,917,293 shares of the financial services provider’s stock after buying an additional 929,768 shares during the period. U.S. Bancorp comprises about 1.4% of Grantham Mayo Van Otterloo & Co. LLC’s investment portfolio, making the stock its 22nd biggest holding. Grantham Mayo Van Otterloo & Co. LLC owned 0.57% of U.S. Bancorp worth $294,806,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of U.S. Bancorp by 6.0% during the 2nd quarter. BlackRock Inc. now owns 110,704,962 shares of the financial services provider’s stock valued at $3,657,692,000 after buying an additional 6,307,085 shares during the period. Mufg Bank LTD. lifted its stake in shares of U.S. Bancorp by 54.1% in the 3rd quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock valued at $2,260,450,000 after purchasing an additional 24,000,000 shares during the last quarter. State Street Corp lifted its stake in shares of U.S. Bancorp by 4.0% in the 2nd quarter. State Street Corp now owns 60,462,681 shares of the financial services provider’s stock valued at $2,026,405,000 after purchasing an additional 2,300,777 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in shares of U.S. Bancorp by 130,768.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 60,273,882 shares of the financial services provider’s stock valued at $2,628,544,000 after purchasing an additional 60,227,825 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of U.S. Bancorp by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,120,947 shares of the financial services provider’s stock valued at $1,028,859,000 after purchasing an additional 1,610,004 shares during the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of U.S. Bancorp from $37.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, December 19th. Morgan Stanley lifted their price objective on shares of U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Stephens lowered shares of U.S. Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 20th. Barclays boosted their target price on shares of U.S. Bancorp from $48.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Finally, TheStreet raised shares of U.S. Bancorp from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, U.S. Bancorp has an average rating of “Hold” and an average target price of $45.35.

View Our Latest Research Report on USB

U.S. Bancorp Stock Down 0.3 %

Shares of NYSE:USB traded down $0.12 during midday trading on Friday, reaching $41.43. 2,548,214 shares of the company were exchanged, compared to its average volume of 9,441,881. U.S. Bancorp has a fifty-two week low of $27.27 and a fifty-two week high of $48.67. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.05. The stock has a fifty day simple moving average of $42.29 and a two-hundred day simple moving average of $37.84. The firm has a market cap of $64.51 billion, a PE ratio of 12.61, a P/E/G ratio of 2.06 and a beta of 1.04.

U.S. Bancorp (NYSE:USBGet Free Report) last issued its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.28. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The firm had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.85 billion. During the same period in the previous year, the business earned $1.20 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. As a group, sell-side analysts forecast that U.S. Bancorp will post 3.93 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend was Thursday, December 28th. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.48. U.S. Bancorp’s dividend payout ratio (DPR) is 59.76%.

Insider Activity

In other news, insider Shailesh M. Kotwal sold 2,046 shares of U.S. Bancorp stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $40.34, for a total value of $82,535.64. Following the completion of the transaction, the insider now owns 112,722 shares of the company’s stock, valued at approximately $4,547,205.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Shailesh M. Kotwal sold 2,046 shares of U.S. Bancorp stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $40.34, for a total transaction of $82,535.64. Following the completion of the sale, the insider now owns 112,722 shares of the company’s stock, valued at approximately $4,547,205.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the sale, the insider now directly owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The disclosure for this sale can be found here. Insiders sold a total of 66,439 shares of company stock valued at $2,865,224 in the last quarter. Company insiders own 0.24% of the company’s stock.

About U.S. Bancorp

(Free Report)

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 in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.

Featured Articles

Want to see what other hedge funds are holding USB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Bancorp (NYSE:USBFree Report).

Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider U.S. Bancorp, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and U.S. Bancorp wasn’t on the list.

While U.S. Bancorp currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Own Before the 2024 Election Cover

Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You’d need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.

Get This Free Report

Source: marketbeat.com

Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of U.S. Bancorp (NYSE:USBFree Report) by 11.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,917,293 shares of the financial services provider’s stock after buying an additional 929,768 shares during the period. U.S. Bancorp comprises about 1.4% of Grantham Mayo Van Otterloo & Co. LLC’s investment portfolio, making the stock its 22nd biggest holding. Grantham Mayo Van Otterloo & Co. LLC owned 0.57% of U.S. Bancorp worth $294,806,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of U.S. Bancorp by 6.0% during the 2nd quarter. BlackRock Inc. now owns 110,704,962 shares of the financial services provider’s stock valued at $3,657,692,000 after buying an additional 6,307,085 shares during the period. Mufg Bank LTD. lifted its stake in shares of U.S. Bancorp by 54.1% in the 3rd quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock valued at $2,260,450,000 after purchasing an additional 24,000,000 shares during the last quarter. State Street Corp lifted its stake in shares of U.S. Bancorp by 4.0% in the 2nd quarter. State Street Corp now owns 60,462,681 shares of the financial services provider’s stock valued at $2,026,405,000 after purchasing an additional 2,300,777 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in shares of U.S. Bancorp by 130,768.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 60,273,882 shares of the financial services provider’s stock valued at $2,628,544,000 after purchasing an additional 60,227,825 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of U.S. Bancorp by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,120,947 shares of the financial services provider’s stock valued at $1,028,859,000 after purchasing an additional 1,610,004 shares during the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of U.S. Bancorp from $37.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, December 19th. Morgan Stanley lifted their price objective on shares of U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Stephens lowered shares of U.S. Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 20th. Barclays boosted their target price on shares of U.S. Bancorp from $48.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Finally, TheStreet raised shares of U.S. Bancorp from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, U.S. Bancorp has an average rating of “Hold” and an average target price of $45.35.

View Our Latest Research Report on USB

U.S. Bancorp Stock Down 0.3 %

Shares of NYSE:USB traded down $0.12 during midday trading on Friday, reaching $41.43. 2,548,214 shares of the company were exchanged, compared to its average volume of 9,441,881. U.S. Bancorp has a fifty-two week low of $27.27 and a fifty-two week high of $48.67. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.05. The stock has a fifty day simple moving average of $42.29 and a two-hundred day simple moving average of $37.84. The firm has a market cap of $64.51 billion, a PE ratio of 12.61, a P/E/G ratio of 2.06 and a beta of 1.04.

U.S. Bancorp (NYSE:USBGet Free Report) last issued its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.28. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The firm had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.85 billion. During the same period in the previous year, the business earned $1.20 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. As a group, sell-side analysts forecast that U.S. Bancorp will post 3.93 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend was Thursday, December 28th. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.48. U.S. Bancorp’s dividend payout ratio (DPR) is 59.76%.

Insider Activity

In other news, insider Shailesh M. Kotwal sold 2,046 shares of U.S. Bancorp stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $40.34, for a total value of $82,535.64. Following the completion of the transaction, the insider now owns 112,722 shares of the company’s stock, valued at approximately $4,547,205.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Shailesh M. Kotwal sold 2,046 shares of U.S. Bancorp stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $40.34, for a total transaction of $82,535.64. Following the completion of the sale, the insider now owns 112,722 shares of the company’s stock, valued at approximately $4,547,205.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the sale, the insider now directly owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The disclosure for this sale can be found here. Insiders sold a total of 66,439 shares of company stock valued at $2,865,224 in the last quarter. Company insiders own 0.24% of the company’s stock.

About U.S. Bancorp

(Free Report)

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 in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.

Featured Articles

Want to see what other hedge funds are holding USB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Bancorp (NYSE:USBFree Report).

Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider U.S. Bancorp, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and U.S. Bancorp wasn’t on the list.

While U.S. Bancorp currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Own Before the 2024 Election Cover

Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You’d need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.

Get This Free Report

Source: marketbeat.com

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

Leave a Comment