South Dakota Investment Council Has $32.52 Million Holdings in U.S. Bancorp $USB

South Dakota Investment Council trimmed its position in shares of U.S. Bancorp (NYSE:USB) by 4.2% in the third quarter, Holdings Channel reports. The fund owned 672,965 shares of the financial services provider’s stock after selling 29,588 shares during the quarter. U.S. Bancorp comprises approximately 0.6% of South Dakota Investment Council’s investment portfolio, making the stock its 20th biggest holding. South Dakota Investment Council’s holdings in U.S. Bancorp were worth $32,524,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Parcion Private Wealth LLC boosted its stake in 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 buying an additional 218 shares in the last quarter. Bogart Wealth LLC lifted its holdings in shares of U.S. Bancorp by 4.4% during the 3rd quarter. Bogart Wealth LLC now owns 5,507 shares of the financial services provider’s stock worth $266,000 after acquiring an additional 234 shares during the period. Hoxton Planning & Management LLC boosted its position in shares of U.S. Bancorp by 3.4% during the 3rd quarter. Hoxton Planning & Management LLC now owns 7,021 shares of the financial services provider’s stock valued at $339,000 after acquiring an additional 234 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC boosted its stake in U.S. Bancorp by 0.5% in the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 43,289 shares of the financial services provider’s stock valued at $2,092,000 after buying an additional 235 shares in the last quarter. Finally, Crestwood Advisors Group LLC grew its position in U.S. Bancorp by 3.5% during the 2nd quarter. Crestwood Advisors Group LLC now owns 7,021 shares of the financial services provider’s stock worth $318,000 after acquiring an additional 237 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

USB has been the topic of a number of analyst reports. Royal Bank Of Canada increased their price target on shares of U.S. Bancorp from $57.00 to $59.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. JPMorgan Chase & Co. increased their price objective on shares of U.S. Bancorp from $55.50 to $62.00 and gave the stock an “underweight” rating in a research report on Monday, February 9th. UBS Group reaffirmed a “neutral” rating and issued a $60.00 target price on shares of U.S. Bancorp in a research note on Wednesday, February 4th. Truist Financial raised U.S. Bancorp from a “hold” rating to a “buy” rating and upped their price target for the stock from $61.00 to $66.00 in a research report on Thursday, February 26th. Finally, TD Cowen lifted their price objective on shares of U.S. Bancorp from $65.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.02.

Insider Activity at U.S. Bancorp

In related news, insider Mark G. Runkel sold 32,195 shares of U.S. Bancorp stock in a transaction on Friday, February 6th. The stock was sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the sale, the insider directly owned 97,728 shares in the company, valued at approximately $5,927,203.20. This trade represents a 24.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Trading Up 0.1%

Shares of NYSE:USB opened at $54.69 on Tuesday. The stock has a market cap of $84.98 billion, a PE ratio of 11.84, a P/E/G ratio of 0.98 and a beta of 1.04. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $61.19. The business has a 50 day moving average of $56.17 and a 200-day moving average of $51.28.

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

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.08 annualized dividend and a dividend yield of 3.8%. U.S. Bancorp’s dividend payout ratio is 45.02%.

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.