MUFG Securities EMEA plc Has $3.40 Million Position in U.S. Bancorp $USB

MUFG Securities EMEA plc boosted its position in U.S. Bancorp (NYSE:USB) by 113.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 63,725 shares of the financial services provider’s stock after purchasing an additional 33,938 shares during the quarter. MUFG Securities EMEA plc’s holdings in U.S. Bancorp were worth $3,400,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of USB. Citigroup Inc. increased its position in shares of U.S. Bancorp by 2.4% during the 3rd quarter. Citigroup Inc. now owns 1,749,812 shares of the financial services provider’s stock worth $84,568,000 after purchasing an additional 41,803 shares during the last quarter. Danske Bank A S acquired a new position in shares of U.S. Bancorp during the 3rd quarter worth approximately $37,162,000. Jones Financial Companies Lllp increased its position in shares of U.S. Bancorp by 15.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 358,972 shares of the financial services provider’s stock worth $17,738,000 after purchasing an additional 47,537 shares during the last quarter. Nordea Investment Management AB increased its position in shares of U.S. Bancorp by 15.3% during the 4th quarter. Nordea Investment Management AB now owns 2,690,174 shares of the financial services provider’s stock worth $144,462,000 after purchasing an additional 357,300 shares during the last quarter. Finally, Roman Butler Fullerton & Co. bought a new position in shares of U.S. Bancorp during the 3rd quarter worth approximately $893,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Activity

In other news, insider Jodi L. Richard sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the completion of the transaction, the insider directly owned 207,251 shares in the company, valued at $11,813,307. This trade represents a 16.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Venkatachari Dilip sold 34,522 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total value of $1,916,661.44. Following the transaction, the executive vice president owned 51,292 shares of the company’s stock, valued at $2,847,731.84. This trade represents a 40.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.21% of the stock is currently owned by company insiders.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $53.54 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $83.11 billion, a PE ratio of 11.22, a P/E/G ratio of 0.99 and a beta of 0.97. U.S. Bancorp has a 12 month low of $42.55 and a 12 month high of $61.19. The stock has a 50-day moving average price of $54.47 and a two-hundred day moving average price of $54.01.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Thursday, April 16th. The financial services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. The firm had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $7.27 billion. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the company earned $1.03 earnings per share. Analysts expect that U.S. Bancorp will post 5.09 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a $0.52 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $2.08 annualized dividend and a yield of 3.9%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 43.61%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on USB shares. JPMorgan Chase & Co. reduced their target price on U.S. Bancorp from $58.00 to $57.50 and set an “underweight” rating for the company in a research note on Thursday, April 30th. Royal Bank Of Canada upped their price objective on U.S. Bancorp from $59.00 to $61.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Piper Sandler reaffirmed a “buy” rating on shares of U.S. Bancorp in a report on Thursday, February 26th. Oppenheimer upped their price objective on U.S. Bancorp from $73.00 to $74.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings raised U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.20.

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.