Townsquare Capital LLC Grows Stock Position in U.S. Bancorp (NYSE:USB)

Townsquare Capital LLC grew its position in shares of U.S. Bancorp (NYSE:USB) by 35.2% during the fourth quarter, HoldingsChannel reports. The firm owned 234,217 shares of the financial services provider’s stock after buying an additional 60,916 shares during the period. Townsquare Capital LLC’s holdings in U.S. Bancorp were worth $11,203,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Black Cypress Capital Management LLC lifted its holdings in U.S. Bancorp by 2.1% in the 4th quarter. Black Cypress Capital Management LLC now owns 246,767 shares of the financial services provider’s stock worth $11,803,000 after buying an additional 5,128 shares in the last quarter. Petros Family Wealth LLC purchased a new stake in shares of U.S. Bancorp during the fourth quarter worth about $392,000. NFP Retirement Inc. lifted its stake in shares of U.S. Bancorp by 11.9% in the fourth quarter. NFP Retirement Inc. now owns 6,629 shares of the financial services provider’s stock worth $317,000 after acquiring an additional 703 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in U.S. Bancorp by 436.1% in the fourth quarter. Sterling Capital Management LLC now owns 37,466 shares of the financial services provider’s stock valued at $1,792,000 after purchasing an additional 30,477 shares during the last quarter. Finally, Heritage Trust Co acquired a new stake in U.S. Bancorp during the 4th quarter valued at approximately $3,731,000. 77.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on USB shares. Citigroup cut their target price on U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Wolfe Research raised shares of U.S. Bancorp from a “peer perform” rating to an “outperform” rating and set a $49.00 price objective for the company in a report on Thursday, April 3rd. Oppenheimer upped their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Truist Financial decreased their price target on U.S. Bancorp from $54.00 to $51.00 and set a “hold” rating for the company in a research note on Friday, April 4th. Finally, Wells Fargo & Company cut their price objective on U.S. Bancorp from $62.00 to $56.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.52.

Insider Buying and Selling

In related news, insider Jodi L. Richard sold 30,000 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $47.59, for a total value of $1,427,700.00. Following the completion of the sale, the insider now owns 99,790 shares of the company’s stock, valued at $4,749,006.10. This represents a 23.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew Cecere sold 102,044 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the completion of the transaction, the chief executive officer now owns 1,230,316 shares of the company’s stock, valued at $58,132,431. This represents a 7.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 219,812 shares of company stock valued at $10,385,665 in the last three months. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Stock Performance

USB stock opened at $37.85 on Friday. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The stock has a market capitalization of $58.97 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 1.73 and a beta of 0.91. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The stock’s fifty day moving average is $43.46 and its two-hundred day moving average is $47.02.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data 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. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. During the same period last year, the firm posted $0.99 EPS. U.S. Bancorp’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, research analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 5.28%. U.S. Bancorp’s dividend payout ratio is presently 52.77%.

U.S. Bancorp Profile

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.