U.S. Bancorp $USB Holdings Raised by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its stake in U.S. Bancorp (NYSE:USB) by 17.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,485 shares of the financial services provider’s stock after purchasing an additional 10,381 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in U.S. Bancorp were worth $3,562,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of USB. Inceptionr LLC grew its stake in U.S. Bancorp by 424.4% in the fourth quarter. Inceptionr LLC now owns 27,614 shares of the financial services provider’s stock valued at $1,473,000 after purchasing an additional 22,348 shares in the last quarter. Danske Bank A S acquired a new position in U.S. Bancorp in the third quarter worth approximately $37,162,000. Nordea Investment Management AB raised its position in U.S. Bancorp by 15.3% during the fourth quarter. Nordea Investment Management AB now owns 2,690,174 shares of the financial services provider’s stock valued at $144,462,000 after acquiring an additional 357,300 shares in the last quarter. Goodman Advisory Group LLC lifted its stake in U.S. Bancorp by 30.5% in the third quarter. Goodman Advisory Group LLC now owns 194,035 shares of the financial services provider’s stock valued at $9,378,000 after acquiring an additional 45,365 shares during the last quarter. Finally, Lighthouse Investment Partners LLC lifted its stake in U.S. Bancorp by 92.9% in the third quarter. Lighthouse Investment Partners LLC now owns 252,335 shares of the financial services provider’s stock valued at $12,195,000 after acquiring an additional 121,529 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Wall Street Analyst Weigh In

USB has been the topic of several analyst reports. Jefferies Financial Group restated a “hold” rating and set a $60.00 price target on shares of U.S. Bancorp in a research note on Thursday, April 16th. Truist Financial increased their price objective on U.S. Bancorp from $62.00 to $66.00 and gave the company a “buy” rating in a report on Friday, June 26th. Barclays boosted their target price on U.S. Bancorp from $65.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. Royal Bank Of Canada upped their target price on U.S. Bancorp from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Finally, Stephens initiated coverage on shares of U.S. Bancorp in a research note on Monday, June 15th. They issued an “equal weight” rating and a $63.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.57.

U.S. Bancorp Stock Down 0.1%

USB stock opened at $61.67 on Friday. The business’s 50-day simple moving average is $56.57 and its 200 day simple moving average is $55.50. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. The company has a market cap of $95.67 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 1.07 and a beta of 0.96. U.S. Bancorp has a twelve month low of $43.46 and a twelve month high of $62.38.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating 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 company had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the prior year, the company posted $1.03 EPS. The business’s revenue was up 4.7% on a year-over-year basis. On average, research analysts anticipate that U.S. Bancorp will post 5.09 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Tuesday, June 30th. U.S. Bancorp’s dividend payout ratio is presently 43.61%.

Insider Activity at U.S. Bancorp

In other news, insider Jodi L. Richard sold 40,000 shares of U.S. Bancorp stock in a transaction 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 completion of the sale, the insider directly owned 207,251 shares of the company’s stock, valued at approximately $11,813,307. This trade represents a 16.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Venkatachari Dilip sold 34,522 shares of U.S. Bancorp stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total value of $1,916,661.44. Following the completion of the sale, the executive vice president owned 51,292 shares of the company’s stock, valued at approximately $2,847,731.84. The trade was a 40.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.21% of the company’s stock.

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.