Tetrad Corp Has $37.97 Million Holdings in U.S. Bancorp $USB

Tetrad Corp lessened its stake in shares of U.S. Bancorp (NYSE:USB) by 49.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 711,500 shares of the financial services provider’s stock after selling 698,500 shares during the quarter. U.S. Bancorp comprises 3.7% of Tetrad Corp’s investment portfolio, making the stock its 2nd biggest holding. Tetrad Corp’s holdings in U.S. Bancorp were worth $37,966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the company. Guerra Advisors Inc acquired a new stake in U.S. Bancorp in the third quarter valued at approximately $25,000. Financial Life Planners acquired a new position in shares of U.S. Bancorp during the third quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of U.S. Bancorp in the 3rd quarter worth $26,000. Hillsdale Investment Management Inc. bought a new position in shares of U.S. Bancorp in the 2nd quarter worth $27,000. Finally, JPL Wealth Management LLC acquired a new stake in U.S. Bancorp in the 3rd quarter valued at $28,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Stock Down 0.0%

USB opened at $51.28 on Friday. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $61.19. The firm has a market capitalization of $79.60 billion, a P/E ratio of 11.10, a PEG ratio of 0.87 and a beta of 1.04. The company’s 50-day moving average is $55.44 and its 200 day moving average is $51.67. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the company earned $1.07 EPS. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. Research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.52 per share. The ex-dividend date is Tuesday, March 31st. This represents a $2.08 annualized dividend and a yield of 4.1%. U.S. Bancorp’s dividend payout ratio is presently 45.02%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. DA Davidson upped their price objective on shares of U.S. Bancorp from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Evercore boosted their target price on shares of 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. Oppenheimer upped their target price on shares of U.S. Bancorp from $75.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. JPMorgan Chase & Co. lifted their price target on U.S. Bancorp from $55.50 to $62.00 and gave the company an “underweight” rating in a research note on Monday, February 9th. Finally, HSBC reissued a “buy” rating and set a $62.00 price objective on shares of U.S. Bancorp in a report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, U.S. Bancorp currently has an average rating of “Moderate Buy” and an average price target of $60.02.

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 dated 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 directly owned 97,728 shares in the company, valued at $5,927,203.20. The trade was a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.