U.S. Bancorp $USB Shares Sold by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI reduced its stake in shares of U.S. Bancorp (NYSE:USB) by 11.2% in the 3rd quarter, Holdings Channel reports. The fund owned 186,317 shares of the financial services provider’s stock after selling 23,484 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in U.S. Bancorp were worth $9,005,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of USB. Whittier Trust Co. increased its holdings in shares of U.S. Bancorp by 2.5% during the 3rd quarter. Whittier Trust Co. now owns 12,130 shares of the financial services provider’s stock valued at $583,000 after purchasing an additional 300 shares in the last quarter. FSB Premier Wealth Management Inc. grew its position in U.S. Bancorp by 3.1% during the third quarter. FSB Premier Wealth Management Inc. now owns 7,842 shares of the financial services provider’s stock valued at $379,000 after buying an additional 238 shares during the period. 1834 Investment Advisors Co. acquired a new stake in U.S. Bancorp during the third quarter valued at $855,000. Sagespring Wealth Partners LLC increased its holdings in U.S. Bancorp by 7.9% in the third quarter. Sagespring Wealth Partners LLC now owns 26,835 shares of the financial services provider’s stock valued at $1,297,000 after buying an additional 1,974 shares in the last quarter. Finally, Kanawha Capital Management LLC raised its position in shares of U.S. Bancorp by 3.1% in the third quarter. Kanawha Capital Management LLC now owns 233,133 shares of the financial services provider’s stock worth $11,267,000 after acquiring an additional 7,055 shares during the period. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Stock Down 1.2%

NYSE USB opened at $55.50 on Friday. The business has a fifty day moving average price of $52.57 and a 200 day moving average price of $49.10. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.82 and a current ratio of 0.80. The company has a market cap of $86.27 billion, a P/E ratio of 12.01, a P/E/G ratio of 1.00 and a beta of 1.07. U.S. Bancorp has a one year low of $35.18 and a one year high of $56.70.

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 analysts’ consensus estimates of $1.19 by $0.07. The business had revenue of $7.92 billion during the quarter, compared to analyst estimates of $7.31 billion. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.07 earnings per share. Research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a $0.52 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.08 dividend on an annualized basis and a yield of 3.7%. U.S. Bancorp’s dividend payout ratio is presently 45.02%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Bank of America lifted their price target on U.S. Bancorp from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Oppenheimer boosted their price objective on U.S. Bancorp from $75.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday. Barclays upped their target price on U.S. Bancorp from $56.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Truist Financial lifted their price target on shares of U.S. Bancorp from $58.00 to $61.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $52.50 price objective for the company in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $58.19.

U.S. Bancorp Company 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.