U.S. Bancorp $USB Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB boosted its stake in U.S. Bancorp (NYSE:USB) by 15.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,690,174 shares of the financial services provider’s stock after purchasing an additional 357,300 shares during the quarter. Nordea Investment Management AB’s holdings in U.S. Bancorp were worth $144,462,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of U.S. Bancorp by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 144,548,379 shares of the financial services provider’s stock valued at $6,986,023,000 after purchasing an additional 1,279,104 shares during the last quarter. State Street Corp increased its holdings in shares of U.S. Bancorp by 0.9% during the 3rd quarter. State Street Corp now owns 69,179,530 shares of the financial services provider’s stock worth $3,378,808,000 after buying an additional 648,943 shares during the last quarter. Norges Bank acquired a new stake in shares of U.S. Bancorp during the 2nd quarter worth $971,285,000. Davis Selected Advisers raised its position in shares of U.S. Bancorp by 0.5% in the 3rd quarter. Davis Selected Advisers now owns 19,431,562 shares of the financial services provider’s stock worth $939,127,000 after buying an additional 99,925 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of U.S. Bancorp by 7.2% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 17,758,947 shares of the financial services provider’s stock worth $858,290,000 after buying an additional 1,189,525 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling

In other U.S. Bancorp news, insider Mark G. Runkel sold 32,195 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $5,927,203.20. This represents a 24.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.21% of the company’s stock.

U.S. Bancorp Trading Down 0.0%

NYSE:USB opened at $51.28 on Monday. The business’s 50-day moving average is $55.44 and its two-hundred day moving average is $51.72. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $61.19. The firm has a market capitalization of $79.60 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 0.87 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $7.31 billion. During the same quarter in the previous year, the firm posted $1.07 earnings per share. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

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

Wall Street Analyst Weigh In

USB has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of U.S. Bancorp in a research report on Wednesday, January 21st. Piper Sandler restated a “buy” rating on shares of U.S. Bancorp in a report on Thursday, February 26th. Keefe, Bruyette & Woods lifted their price objective on U.S. Bancorp from $58.00 to $59.00 and gave the company a “market perform” rating in a research note on Wednesday, January 21st. DA Davidson boosted their target price on U.S. Bancorp from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Finally, HSBC reissued a “buy” rating and set a $62.00 target price on shares of U.S. Bancorp in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $60.02.

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.