GSA Capital Partners LLP Lowers Stake in U.S. Bancorp $USB

GSA Capital Partners LLP cut its position in U.S. Bancorp (NYSE:USB) by 82.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 7,121 shares of the financial services provider’s stock after selling 34,393 shares during the period. GSA Capital Partners LLP’s holdings in U.S. Bancorp were worth $344,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Parcion Private Wealth LLC boosted its holdings in U.S. Bancorp by 0.4% in the third quarter. Parcion Private Wealth LLC now owns 53,412 shares of the financial services provider’s stock valued at $2,581,000 after purchasing an additional 218 shares during the period. Bogart Wealth LLC lifted its holdings in shares of U.S. Bancorp by 4.4% in the 3rd quarter. Bogart Wealth LLC now owns 5,507 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 234 shares during the last quarter. Hoxton Planning & Management LLC boosted its holdings in shares of U.S. Bancorp by 3.4% in the third quarter. Hoxton Planning & Management LLC now owns 7,021 shares of the financial services provider’s stock valued at $339,000 after acquiring an additional 234 shares during the period. Allen Mooney & Barnes Investment Advisors LLC grew its position in U.S. Bancorp by 0.5% during the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 43,289 shares of the financial services provider’s stock worth $2,092,000 after purchasing an additional 235 shares during the last quarter. Finally, Crestwood Advisors Group LLC increased its position in U.S. Bancorp by 3.5% in the 2nd quarter. Crestwood Advisors Group LLC now owns 7,021 shares of the financial services provider’s stock valued at $318,000 after acquiring an additional 237 shares during the period. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

USB has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of U.S. Bancorp from $55.50 to $62.00 and gave the stock an “underweight” rating in a research report on Monday, February 9th. Keefe, Bruyette & Woods boosted their target price on U.S. Bancorp from $58.00 to $59.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 21st. Piper Sandler reaffirmed a “buy” rating on shares of U.S. Bancorp in a report on Thursday. Barclays increased their price objective on U.S. Bancorp from $56.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Finally, HSBC restated a “buy” rating and set a $62.00 target price on shares of U.S. Bancorp in a research report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.02.

U.S. Bancorp Trading Up 2.2%

Shares of USB stock opened at $57.27 on Friday. The firm’s 50 day moving average price is $56.16 and its two-hundred day moving average price is $51.09. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $61.19. The stock has a market cap of $88.98 billion, a price-to-earnings ratio of 12.40, a price-to-earnings-growth ratio of 1.00 and a beta of 1.06.

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

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.52 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.6%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 45.02%.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, insider Mark G. Runkel sold 32,195 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $60.65, for a total value of $1,952,626.75. Following the transaction, the insider owned 97,728 shares in the company, valued at $5,927,203.20. The trade was a 24.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.23% of the stock is owned by company insiders.

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.