O Shaughnessy Asset Management LLC Has $36.32 Million Stock Holdings in U.S. Bancorp $USB

O Shaughnessy Asset Management LLC boosted its stake in shares of U.S. Bancorp (NYSE:USB) by 21.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 680,709 shares of the financial services provider’s stock after purchasing an additional 121,898 shares during the period. O Shaughnessy Asset Management LLC’s holdings in U.S. Bancorp were worth $36,323,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Fiera Capital Corp bought a new stake in U.S. Bancorp in the fourth quarter valued at approximately $220,000. Bcwm LLC raised its stake in U.S. Bancorp by 1.8% in the fourth quarter. Bcwm LLC now owns 114,352 shares of the financial services provider’s stock valued at $6,102,000 after buying an additional 2,043 shares during the period. Syon Capital LLC raised its stake in U.S. Bancorp by 16.7% in the fourth quarter. Syon Capital LLC now owns 15,059 shares of the financial services provider’s stock valued at $804,000 after buying an additional 2,152 shares during the period. Capital Research Global Investors bought a new stake in U.S. Bancorp in the fourth quarter valued at approximately $296,377,000. Finally, Longfellow Investment Management Co. LLC raised its stake in U.S. Bancorp by 35.7% in the fourth quarter. Longfellow Investment Management Co. LLC now owns 26,294 shares of the financial services provider’s stock valued at $1,403,000 after buying an additional 6,915 shares during the period. 77.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Jefferies Financial Group restated a “hold” rating and issued a $60.00 price objective on shares of U.S. Bancorp in a research note on Thursday, April 16th. 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 research note on Friday, April 17th. Piper Sandler restated a “buy” rating on shares of U.S. Bancorp in a research note on Thursday, February 26th. DA Davidson restated a “buy” rating and issued a $65.00 price objective on shares of U.S. Bancorp in a research note on Friday, April 17th. Finally, Truist Financial dropped their price objective on U.S. Bancorp from $63.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $61.20.

Insider Buying and Selling

In other news, EVP Venkatachari Dilip sold 34,522 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the transaction, the executive vice president owned 51,292 shares in the company, valued at approximately $2,847,731.84. This trade represents a 40.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jodi L. Richard sold 40,000 shares of the stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total value of $2,280,000.00. Following the transaction, the insider owned 207,251 shares in the company, valued at approximately $11,813,307. This trade represents a 16.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is currently owned by company insiders.

U.S. Bancorp Price Performance

Shares of NYSE USB opened at $55.70 on Monday. The firm has a market cap of $86.39 billion, a P/E ratio of 11.68, a price-to-earnings-growth ratio of 1.00 and a beta of 0.97. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a 1-year low of $42.55 and a 1-year high of $61.19. The business’s 50 day moving average is $54.71 and its 200-day moving average is $54.23.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. The company had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.27 billion. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 earnings per share. Equities research analysts predict that U.S. Bancorp will post 5.09 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.52 per share. The ex-dividend date was Tuesday, March 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.7%. U.S. Bancorp’s dividend payout ratio (DPR) is 43.61%.

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.