U.S. Bancorp $USB Shares Purchased by Canada Post Corp Registered Pension Plan

Canada Post Corp Registered Pension Plan grew its position in shares of U.S. Bancorp (NYSE:USB) by 858.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 223,594 shares of the financial services provider’s stock after buying an additional 200,272 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in U.S. Bancorp were worth $10,954,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Guerra Advisors Inc acquired a new stake in shares of U.S. Bancorp during the third quarter worth $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in U.S. Bancorp during the third quarter worth about $26,000. IMG Wealth Management Inc. bought a new position in U.S. Bancorp in the second quarter worth about $25,000. Hillsdale Investment Management Inc. acquired a new position in U.S. Bancorp in the second quarter valued at approximately $27,000. Finally, Steigerwald Gordon & Koch Inc. bought a new position in shares of U.S. Bancorp during the third quarter valued at approximately $31,000. 77.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on USB. UBS Group reissued a “neutral” rating and issued a $60.00 price target on shares of U.S. Bancorp in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $52.50 price target for the company in a report on Thursday, October 23rd. TD Cowen increased their price objective on shares of U.S. Bancorp from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of U.S. Bancorp in a research report on Wednesday, January 21st. Finally, HSBC restated a “buy” rating and issued 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, fourteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $58.90.

U.S. Bancorp Stock Performance

Shares of USB opened at $60.74 on Friday. The firm has a market capitalization of $94.42 billion, a PE ratio of 13.15, a P/E/G ratio of 1.06 and a beta of 1.06. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The firm has a 50-day moving average price of $54.57 and a 200 day moving average price of $49.86. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $60.91.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. The company had revenue of $7.92 billion during the quarter, compared to analyst estimates of $7.31 billion. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.07 EPS. On average, sell-side analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.52 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.08 annualized dividend and a dividend yield of 3.4%. U.S. Bancorp’s dividend payout ratio (DPR) is 45.02%.

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.