KMG Fiduciary Partners LLC Purchases 4,406 Shares of U.S. Bancorp (NYSE:USB)

by · The Markets Daily

KMG Fiduciary Partners LLC lifted its stake in U.S. Bancorp (NYSE:USB – Free Report) by 7.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 63,794 shares of the financial services provider’s stock after buying an additional 4,406 shares during the period. KMG Fiduciary Partners LLC’s holdings in U.S. Bancorp were worth $3,051,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of USB. Renaissance Technologies LLC purchased a new position in shares of U.S. Bancorp in the second quarter worth about $9,198,000. Edgestream Partners L.P. purchased a new position in shares of U.S. Bancorp in the second quarter worth about $2,495,000. Mercer Global Advisors Inc. ADV increased its holdings in shares of U.S. Bancorp by 4.3% in the second quarter. Mercer Global Advisors Inc. ADV now owns 180,386 shares of the financial services provider’s stock worth $7,757,000 after buying an additional 7,481 shares during the period. Seven Eight Capital LP purchased a new position in shares of U.S. Bancorp in the second quarter worth about $1,170,000. Finally, XTX Topco Ltd increased its holdings in U.S. Bancorp by 113.6% during the 2nd quarter. XTX Topco Ltd now owns 57,968 shares of the financial services provider’s stock valued at $2,301,000 after purchasing an additional 30,824 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

NYSE USB opened at $48.07 on Friday. The business’s fifty day moving average price is $50.25 and its 200-day moving average price is $46.71. The stock has a market capitalization of $74.98 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 2.47 and a beta of 1.05. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.81. U.S. Bancorp has a 1-year low of $37.81 and a 1-year high of $53.98.

U.S. Bancorp (NYSE:USB – Get Free Report) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. The firm had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $7 billion. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 EPS. On average, equities analysts predict that U.S. Bancorp will post 3.91 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.50 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.16%. U.S. Bancorp’s dividend payout ratio (DPR) is 61.16%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft downgraded U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price target on the stock. in a report on Thursday, October 24th. Compass Point boosted their price target on U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Piper Sandler upgraded U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price target on the stock in a report on Monday. Evercore ISI boosted their price target on U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company upped their target price on U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, U.S. Bancorp has a consensus rating of “Moderate Buy” and an average price target of $54.07.

Check Out Our Latest Research Report on USB

U.S. Bancorp Profile

(Free Report)

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.

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