10,659 Shares in U.S. Bancorp $USB Acquired by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd bought a new position in shares of U.S. Bancorp (NYSE:USB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,659 shares of the financial services provider’s stock, valued at approximately $569,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Citigroup Inc. lifted its stake in U.S. Bancorp by 2.4% during the third quarter. Citigroup Inc. now owns 1,749,812 shares of the financial services provider’s stock worth $84,568,000 after purchasing an additional 41,803 shares during the last quarter. Danske Bank A S purchased a new stake in U.S. Bancorp during the third quarter worth approximately $37,162,000. Nordea Investment Management AB lifted its stake 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 worth $144,462,000 after purchasing an additional 357,300 shares during the last quarter. Goodman Advisory Group LLC lifted its stake in U.S. Bancorp by 30.5% during the third quarter. Goodman Advisory Group LLC now owns 194,035 shares of the financial services provider’s stock worth $9,378,000 after purchasing an additional 45,365 shares during the last quarter. Finally, Lighthouse Investment Partners LLC lifted its stake in U.S. Bancorp by 92.9% during the third quarter. Lighthouse Investment Partners LLC now owns 252,335 shares of the financial services provider’s stock worth $12,195,000 after purchasing an additional 121,529 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insider Activity at U.S. Bancorp

In other news, insider Jodi L. Richard sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the completion of the sale, the insider owned 207,251 shares in the company, valued at $11,813,307. This represents a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Venkatachari Dilip sold 34,522 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president owned 51,292 shares of the company’s stock, valued at $2,847,731.84. This trade represents a 40.23% decrease in their position. The SEC filing for this sale provides additional information. 0.21% of the stock is owned by corporate insiders.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $57.78 on Tuesday. U.S. Bancorp has a 12 month low of $42.55 and a 12 month high of $61.19. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50 day simple moving average of $55.34 and a 200-day simple moving average of $54.64. The stock has a market capitalization of $89.63 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 1.07 and a beta of 0.97.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.18 EPS for the quarter, topping the consensus estimate of $1.14 by $0.04. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The business 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 business earned $1.03 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities analysts predict that U.S. Bancorp will post 5.07 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Weiss Ratings upgraded U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. DA Davidson reiterated a “buy” rating and issued a $65.00 price objective on shares of U.S. Bancorp in a research note on Friday, April 17th. Piper Sandler reiterated a “buy” rating on shares of U.S. Bancorp in a research note on Thursday, February 26th. Morgan Stanley set a $64.00 price objective on U.S. Bancorp in a research note on Friday, April 17th. Finally, Barclays boosted their price objective on U.S. Bancorp from $65.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.29.

About U.S. Bancorp

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.