BW Gestao de Investimentos Ltda. Invests $11.81 Million in U.S. Bancorp $USB

BW Gestao de Investimentos Ltda. bought a new stake in U.S. Bancorp (NYSE:USB) during the fourth quarter, Holdings Channel reports. The institutional investor bought 221,316 shares of the financial services provider’s stock, valued at approximately $11,809,000.

Other institutional investors have also modified their holdings of the company. Guerra Advisors Inc acquired a new position in shares of U.S. Bancorp in the 3rd quarter valued at $25,000. Financial Life Planners acquired a new position in shares of U.S. Bancorp in the 3rd quarter valued at $25,000. Clayton Financial Group LLC acquired a new position in shares of U.S. Bancorp in the 4th quarter valued at $25,000. JPL Wealth Management LLC acquired a new position in shares of U.S. Bancorp in the 3rd quarter valued at $28,000. Finally, Binnacle Investments Inc increased its holdings in shares of U.S. Bancorp by 77.8% in the 3rd quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 273 shares during the period. 77.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

USB has been the topic of a number of recent research reports. Royal Bank Of Canada lifted their target price on shares of U.S. Bancorp from $59.00 to $61.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Barclays lifted their target price on shares of U.S. Bancorp from $65.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $60.00 target price on shares of U.S. Bancorp in a report on Thursday, April 16th. Truist Financial cut their price objective on shares of U.S. Bancorp from $63.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, April 17th. Finally, UBS Group restated a “neutral” rating and issued a $60.00 target price on shares of U.S. Bancorp in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, U.S. Bancorp has an average rating of “Moderate Buy” and an average price target of $61.20.

Insiders Place Their Bets

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

U.S. Bancorp Stock Performance

NYSE:USB opened at $53.54 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a fifty-two week low of $42.55 and a fifty-two week high of $61.19. The stock has a market cap of $83.11 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 0.99 and a beta of 0.97. The firm’s fifty day simple moving average is $54.47 and its 200-day simple moving average is $54.01.

U.S. Bancorp (NYSE:USB) last posted its quarterly 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. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The business had revenue of $7.32 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the prior year, the company posted $1.03 EPS. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts expect that U.S. Bancorp will post 5.09 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently declared 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 of this dividend was Tuesday, March 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.9%. U.S. Bancorp’s dividend payout ratio 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.