Victory Capital Management Inc. Has $280.68 Million Stock Position in U.S. Bancorp $USB

Victory Capital Management Inc. reduced its stake in U.S. Bancorp (NYSE:USB) by 49.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,807,512 shares of the financial services provider’s stock after selling 5,746,687 shares during the quarter. Victory Capital Management Inc. owned about 0.37% of U.S. Bancorp worth $280,677,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of USB. Parcion Private Wealth LLC increased its stake in shares of U.S. Bancorp by 0.4% during the third quarter. Parcion Private Wealth LLC now owns 53,412 shares of the financial services provider’s stock worth $2,581,000 after purchasing an additional 218 shares during the period. Bogart Wealth LLC grew its holdings in U.S. Bancorp by 4.4% in the 3rd quarter. Bogart Wealth LLC now owns 5,507 shares of the financial services provider’s stock valued at $266,000 after buying an additional 234 shares in the last quarter. Hoxton Planning & Management LLC grew its holdings in U.S. Bancorp by 3.4% in the 3rd quarter. Hoxton Planning & Management LLC now owns 7,021 shares of the financial services provider’s stock valued at $339,000 after buying an additional 234 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC increased its position in U.S. Bancorp by 0.5% during the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 43,289 shares of the financial services provider’s stock worth $2,092,000 after buying an additional 235 shares during the period. Finally, Crestwood Advisors Group LLC lifted its holdings in shares of U.S. Bancorp by 3.5% during the second quarter. Crestwood Advisors Group LLC now owns 7,021 shares of the financial services provider’s stock worth $318,000 after buying an additional 237 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Mark G. Runkel sold 32,195 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $60.65, for a total value of $1,952,626.75. Following the completion of the transaction, the insider directly owned 97,728 shares in the company, valued at approximately $5,927,203.20. This represents a 24.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Trading Down 1.2%

Shares of USB opened at $53.98 on Wednesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $61.19. The firm has a market cap of $83.87 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 0.98 and a beta of 1.04. The business’s fifty day moving average is $56.16 and its 200-day moving average is $51.34.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.07. The business had revenue of $7.92 billion during the quarter, compared to the consensus estimate of $7.31 billion. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.U.S. Bancorp’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.07 EPS. Equities analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.52 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.08 annualized dividend and a dividend yield of 3.9%. U.S. Bancorp’s dividend payout ratio is 45.02%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Evercore boosted their target price on shares of U.S. Bancorp from $60.00 to $65.00 and gave the company an “in-line” rating in a research report on Thursday, February 5th. Barclays boosted their price objective on shares of U.S. Bancorp from $56.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Oppenheimer increased their target price on shares of U.S. Bancorp from $75.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Argus lifted their price objective on U.S. Bancorp from $62.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, UBS Group reiterated a “neutral” rating and set a $60.00 target price on shares of U.S. Bancorp in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $60.02.

U.S. Bancorp Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.