U.S. Bancorp $USB Shares Acquired by Kanawha Capital Management LLC

Kanawha Capital Management LLC raised its holdings in shares of U.S. Bancorp (NYSE:USB) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 243,014 shares of the financial services provider’s stock after purchasing an additional 9,881 shares during the period. Kanawha Capital Management LLC’s holdings in U.S. Bancorp were worth $12,967,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Guerra Advisors Inc acquired a new position in shares of U.S. Bancorp in the 3rd quarter valued at $25,000. Financial Life Planners acquired a new position in shares of U.S. Bancorp in the 3rd quarter valued at $25,000. Clayton Financial Group LLC acquired a new position in shares of U.S. Bancorp in the 4th quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of U.S. Bancorp in the 3rd quarter valued at $26,000. Finally, JPL Wealth Management LLC acquired a new position in shares of U.S. Bancorp in the 3rd quarter valued at $28,000. 77.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on USB. HSBC reissued a “buy” rating and issued a $62.00 target price on shares of U.S. Bancorp in a research report on Wednesday, January 7th. Piper Sandler reaffirmed a “buy” rating on shares of U.S. Bancorp in a report on Thursday, February 26th. Evercore upped their price target on shares of U.S. Bancorp from $60.00 to $65.00 and gave the company an “in-line” rating in a report on Thursday, February 5th. TD Cowen upped their price target on shares of U.S. Bancorp from $65.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Finally, Wolfe Research lowered shares of U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, U.S. Bancorp currently has an average rating of “Moderate Buy” and a consensus price target of $61.18.

U.S. Bancorp Price Performance

NYSE:USB opened at $56.62 on Thursday. U.S. Bancorp has a one year low of $39.26 and a one year 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 firm has a market cap of $87.88 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 1.03 and a beta of 1.01. The firm’s fifty day moving average is $54.31 and its two-hundred day moving average is $52.52.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. U.S. Bancorp had a net margin of 18.01% and a return on equity of 18.26%. The company had revenue of $7.29 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same period in the prior year, the company earned $1.03 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Research analysts expect that U.S. Bancorp will post 5.08 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, March 31st. U.S. Bancorp’s dividend payout ratio is presently 43.61%.

Insider Activity

In other news, insider Jodi L. Richard sold 40,000 shares of the stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total transaction 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 represents a 16.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mark G. Runkel sold 32,195 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the sale, the insider directly owned 97,728 shares in the company, valued at approximately $5,927,203.20. The trade was a 24.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.21% of the company’s stock.

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.