SG Americas Securities LLC Buys 4,210,676 Shares of U.S. Bancorp $USB

SG Americas Securities LLC lifted its stake in shares of U.S. Bancorp (NYSE:USB) by 3,451.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,332,659 shares of the financial services provider’s stock after buying an additional 4,210,676 shares during the period. SG Americas Securities LLC’s holdings in U.S. Bancorp were worth $231,191,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of USB. Guerra Advisors Inc purchased a new stake in U.S. Bancorp in the third quarter worth about $25,000. Financial Life Planners purchased a new position in shares of U.S. Bancorp during the 3rd quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of U.S. Bancorp during the 3rd quarter worth approximately $26,000. Hillsdale Investment Management Inc. bought a new position in shares of U.S. Bancorp in the 2nd quarter worth approximately $27,000. Finally, JPL Wealth Management LLC bought a new position in shares of U.S. Bancorp in the 3rd quarter worth approximately $28,000. 77.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

USB has been the topic of several research reports. DA Davidson lifted their price target on U.S. Bancorp from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Argus increased their price objective on U.S. Bancorp from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. UBS Group reissued a “neutral” rating and set a $60.00 price objective on shares of U.S. Bancorp in a research report on Wednesday, February 4th. Truist Financial upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their target price for the company from $61.00 to $66.00 in a report on Thursday, February 26th. Finally, Evercore increased their price target on shares of U.S. Bancorp from $60.00 to $65.00 and gave the stock an “in-line” rating in a research note on Thursday, February 5th. One research 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.02.

U.S. Bancorp Stock Performance

U.S. Bancorp stock opened at $51.48 on Tuesday. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $61.19. 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 company has a market capitalization of $79.90 billion, a P/E ratio of 11.14, a PEG ratio of 0.87 and a beta of 1.04. The stock’s 50 day moving average is $55.39 and its 200 day moving average is $51.73.

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 business had revenue of $7.92 billion during the quarter, compared to analysts’ expectations of $7.31 billion. During the same quarter in the previous year, the business earned $1.07 earnings per share. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, March 31st. U.S. Bancorp’s payout ratio is currently 45.02%.

Insider Activity

In related news, insider Mark G. Runkel sold 32,195 shares of the company’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 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 document filed with the SEC, which is available at this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

U.S. Bancorp 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.