AlphaQuest LLC Purchases 22,991 Shares of U.S. Bancorp $USB

AlphaQuest LLC grew its position in shares of U.S. Bancorp (NYSE:USB) by 38.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,082 shares of the financial services provider’s stock after buying an additional 22,991 shares during the period. U.S. Bancorp makes up 0.2% of AlphaQuest LLC’s holdings, making the stock its 16th biggest position. AlphaQuest LLC’s holdings in U.S. Bancorp were worth $4,433,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Clayton Financial Group LLC bought a new position in U.S. Bancorp during the 4th quarter worth $25,000. Guerra Advisors Inc bought a new position in U.S. Bancorp during the 3rd quarter worth $25,000. Financial Life Planners bought a new position in U.S. Bancorp during the 3rd quarter worth $25,000. JPL Wealth Management LLC bought a new position in U.S. Bancorp during the 3rd quarter worth $28,000. Finally, Westfuller Advisors LLC increased its position in U.S. Bancorp by 54.7% during the 4th quarter. Westfuller Advisors LLC now owns 608 shares of the financial services provider’s stock worth $33,000 after buying an additional 215 shares during the period. Institutional investors own 77.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on USB shares. UBS Group reiterated a “neutral” rating and set a $60.00 price objective on shares of U.S. Bancorp in a research report on Wednesday, February 4th. Evercore increased their price objective on U.S. Bancorp from $60.00 to $65.00 and gave the stock an “in-line” rating in a research report on Thursday, February 5th. Truist Financial lowered their price objective on U.S. Bancorp from $63.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, April 17th. Morgan Stanley set a $64.00 price objective on U.S. Bancorp in a research report on Friday, April 17th. Finally, Piper Sandler reiterated a “buy” rating on shares of U.S. Bancorp in a research report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $61.20.

U.S. Bancorp Stock Performance

USB opened at $54.85 on Tuesday. The firm has a market cap of $85.14 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 0.99 and a beta of 1.00. U.S. Bancorp has a 52-week low of $42.21 and a 52-week high of $61.19. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.81 and a current ratio of 0.81. The business’s fifty day moving average is $54.14 and its 200-day moving average is $53.75.

U.S. Bancorp (NYSE:USB) last released its earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.04. The company had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.27 billion. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.U.S. Bancorp’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 EPS. Sell-side analysts expect that U.S. Bancorp will post 5.09 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.08 annualized dividend and a yield of 3.8%. U.S. Bancorp’s dividend payout ratio (DPR) is 43.61%.

Insider Activity

In related news, insider Jodi L. Richard sold 40,000 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 207,251 shares of the company’s stock, valued at $11,813,307. This trade represents a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Venkatachari Dilip sold 34,522 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were 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 directly owned 51,292 shares in the company, valued at $2,847,731.84. This trade represents a 40.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company 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.