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Quadrature Capital Ltd Sells 239,272 Shares of U.S. Bancorp (NYSE:USB)

Written by Amanda

Quadrature Capital Ltd decreased its stake in shares of U.S. Bancorp (NYSE:USBFree Report) by 64.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 129,500 shares of the financial services provider’s stock after selling 239,272 shares during the period. Quadrature Capital Ltd’s holdings in U.S. Bancorp were worth $4,283,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in USB. Moneta Group Investment Advisors LLC increased its holdings in shares of U.S. Bancorp by 130,768.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 60,273,882 shares of the financial services provider’s stock worth $2,628,544,000 after purchasing an additional 60,227,825 shares during the period. Mufg Bank LTD. boosted its stake in U.S. Bancorp by 54.1% during the third quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock valued at $2,260,450,000 after buying an additional 24,000,000 shares during the period. Aristotle Capital Management LLC grew its position in U.S. Bancorp by 266.6% during the third quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider’s stock worth $775,842,000 after buying an additional 17,066,479 shares in the last quarter. Norges Bank bought a new position in U.S. Bancorp in the 4th quarter worth about $644,436,000. Finally, BlackRock Inc. raised its holdings in shares of U.S. Bancorp by 6.0% in 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 acquiring an additional 6,307,085 shares in the last quarter. Institutional investors own 75.40% of the company’s stock.

U.S. Bancorp Stock Down 1.3 %

Shares of NYSE:USB opened at $41.42 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.81 and a current ratio of 0.81. U.S. Bancorp has a 52-week low of $27.27 and a 52-week high of $47.56. The firm has a market capitalization of $64.54 billion, a P/E ratio of 12.63, a P/E/G ratio of 2.11 and a beta of 1.04. The stock has a 50 day moving average price of $41.94 and a 200-day moving average price of $37.98.

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, topping 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 company had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.85 billion. During the same period last year, the business earned $1.20 EPS. U.S. Bancorp’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, equities research analysts anticipate that U.S. Bancorp will post 3.93 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 4.73%. The ex-dividend date was Thursday, December 28th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.48. U.S. Bancorp’s payout ratio is currently 59.76%.

Insider Buying and Selling

In other news, insider Shailesh M. Kotwal sold 2,954 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $39.56, for a total value of $116,860.24. Following the transaction, the insider now owns 119,768 shares in the company, valued at $4,738,022.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the transaction, the executive vice president now owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shailesh M. Kotwal sold 2,954 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $39.56, for a total transaction of $116,860.24. Following the sale, the insider now directly owns 119,768 shares in the company, valued at approximately $4,738,022.08. The disclosure for this sale can be found here. Insiders have sold a total of 88,021 shares of company stock worth $3,760,229 in the last quarter. Corporate insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on USB shares. Barclays increased their price target on shares of U.S. Bancorp from $48.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Wells Fargo & Company lifted their price target on U.S. Bancorp from $43.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, December 14th. Stephens cut U.S. Bancorp from an “overweight” rating to an “equal weight” rating in a report on Wednesday, December 20th. UBS Group raised their price objective on U.S. Bancorp from $35.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. Finally, Piper Sandler reaffirmed a “neutral” rating on shares of U.S. Bancorp in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, U.S. Bancorp has a consensus rating of “Hold” and a consensus target price of $45.35.

Get Our Latest Stock Report on USB

U.S. Bancorp Profile

(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 through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.

Featured Articles

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

10 "Recession Proof" Stocks That Will Thrive in Any Market Cover

Which stocks are likely to thrive in today’s challenging market? Click the link below and we’ll send you MarketBeat’s list of ten stocks that will drive in any economic environment.

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Source: marketbeat.com

Quadrature Capital Ltd decreased its stake in shares of U.S. Bancorp (NYSE:USBFree Report) by 64.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 129,500 shares of the financial services provider’s stock after selling 239,272 shares during the period. Quadrature Capital Ltd’s holdings in U.S. Bancorp were worth $4,283,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in USB. Moneta Group Investment Advisors LLC increased its holdings in shares of U.S. Bancorp by 130,768.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 60,273,882 shares of the financial services provider’s stock worth $2,628,544,000 after purchasing an additional 60,227,825 shares during the period. Mufg Bank LTD. boosted its stake in U.S. Bancorp by 54.1% during the third quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock valued at $2,260,450,000 after buying an additional 24,000,000 shares during the period. Aristotle Capital Management LLC grew its position in U.S. Bancorp by 266.6% during the third quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider’s stock worth $775,842,000 after buying an additional 17,066,479 shares in the last quarter. Norges Bank bought a new position in U.S. Bancorp in the 4th quarter worth about $644,436,000. Finally, BlackRock Inc. raised its holdings in shares of U.S. Bancorp by 6.0% in 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 acquiring an additional 6,307,085 shares in the last quarter. Institutional investors own 75.40% of the company’s stock.

U.S. Bancorp Stock Down 1.3 %

Shares of NYSE:USB opened at $41.42 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.81 and a current ratio of 0.81. U.S. Bancorp has a 52-week low of $27.27 and a 52-week high of $47.56. The firm has a market capitalization of $64.54 billion, a P/E ratio of 12.63, a P/E/G ratio of 2.11 and a beta of 1.04. The stock has a 50 day moving average price of $41.94 and a 200-day moving average price of $37.98.

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, topping 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 company had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.85 billion. During the same period last year, the business earned $1.20 EPS. U.S. Bancorp’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, equities research analysts anticipate that U.S. Bancorp will post 3.93 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 4.73%. The ex-dividend date was Thursday, December 28th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.48. U.S. Bancorp’s payout ratio is currently 59.76%.

Insider Buying and Selling

In other news, insider Shailesh M. Kotwal sold 2,954 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $39.56, for a total value of $116,860.24. Following the transaction, the insider now owns 119,768 shares in the company, valued at $4,738,022.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the transaction, the executive vice president now owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shailesh M. Kotwal sold 2,954 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $39.56, for a total transaction of $116,860.24. Following the sale, the insider now directly owns 119,768 shares in the company, valued at approximately $4,738,022.08. The disclosure for this sale can be found here. Insiders have sold a total of 88,021 shares of company stock worth $3,760,229 in the last quarter. Corporate insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on USB shares. Barclays increased their price target on shares of U.S. Bancorp from $48.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Wells Fargo & Company lifted their price target on U.S. Bancorp from $43.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, December 14th. Stephens cut U.S. Bancorp from an “overweight” rating to an “equal weight” rating in a report on Wednesday, December 20th. UBS Group raised their price objective on U.S. Bancorp from $35.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. Finally, Piper Sandler reaffirmed a “neutral” rating on shares of U.S. Bancorp in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, U.S. Bancorp has a consensus rating of “Hold” and a consensus target price of $45.35.

Get Our Latest Stock Report on USB

U.S. Bancorp Profile

(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 through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.

Featured Articles

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

10 "Recession Proof" Stocks That Will Thrive in Any Market Cover

Which stocks are likely to thrive in today’s challenging market? Click the link below and we’ll send you MarketBeat’s list of ten stocks that will drive in any economic environment.

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

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