Danske Bank A S Makes New Investment in U.S. Bancorp $USB

Danske Bank A S acquired a new stake in shares of U.S. Bancorp (NYSE:USB) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 768,914 shares of the financial services provider’s stock, valued at approximately $37,162,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Guerra Advisors Inc acquired a new stake in U.S. Bancorp in the 3rd quarter worth approximately $25,000. Financial Life Planners acquired a new position in U.S. Bancorp during the 3rd quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of U.S. Bancorp in the third quarter worth $26,000. Hillsdale Investment Management Inc. purchased a new position in shares of U.S. Bancorp in the second quarter worth $27,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of U.S. Bancorp during the third quarter worth $28,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Stock Performance

Shares of NYSE USB opened at $51.29 on Thursday. The company has a market capitalization of $79.62 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 0.92 and a beta of 1.04. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The company’s fifty day moving average price is $55.61 and its 200 day moving average price is $51.66. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $61.19.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The company had revenue of $7.92 billion during the quarter, compared to analysts’ expectations of $7.31 billion. During the same quarter in the previous year, the company earned $1.07 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Tuesday, March 31st. U.S. Bancorp’s payout ratio is currently 45.02%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Evercore boosted their price objective on shares of U.S. Bancorp from $60.00 to $65.00 and gave the company an “in-line” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. lifted their price target on U.S. Bancorp from $55.50 to $62.00 and gave the stock an “underweight” rating in a research report on Monday, February 9th. Argus boosted their price target on U.S. Bancorp from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Piper Sandler reissued a “buy” rating on shares of U.S. Bancorp in a report on Thursday, February 26th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of U.S. Bancorp in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.02.

U.S. Bancorp News Summary

Here are the key news stories impacting U.S. Bancorp this week:

• Positive Sentiment: Management said it has exceeded Q1 guidance for net interest and fee income at its recent RBC presentation, reinforcing the bank’s revenue momentum and margin outlook. Read More.
• Positive Sentiment: U.S. Bancorp continues to add senior leadership to grow fee businesses — Alan Flanagan named head of Global Investment Services, which supports fund servicing, CLOs and other fee-generating lines. This should help diversify revenue away from pure NII. Read More.
• Positive Sentiment: Elavon (U.S. Bank’s payments unit) appointed Wally Mlynarski as CEO, a development that may strengthen the payments franchise and cross-sell opportunities. Read More.
• Neutral Sentiment: U.S. Bank was named one of the World’s Most Ethical Companies for the 12th consecutive year — a reputational positive but unlikely to move near-term earnings materially. Read More.
• Neutral Sentiment: Corporate expansion: reports say USB is in talks to lease a large Chennai site for a global capability center — could lower operating costs and scale back-office capacity over time, but execution/timing are uncertain. Read More.
• Neutral Sentiment: US Financial 15 Split Corp. declared a preferred dividend and lists USB among holdings — a peripheral mention that doesn’t materially affect USB fundamentals. Read More.
• Negative Sentiment: Market and technical pressure: analysts and commentary note investor caution after recent rate volatility; USB’s 50‑day moving average sits above current levels, signaling short-term resistance and contributing to selling. Read More.

Insiders Place Their Bets

In related news, insider Mark G. Runkel sold 32,195 shares of the company’s stock in a transaction dated 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 owned 97,728 shares of the company’s stock, valued at approximately $5,927,203.20. This represents a 24.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.21% of the company’s stock.

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.