6,437 Shares in U.S. Bancorp (NYSE:USB) Bought by Tilt Investment Management Holdings PBC

Tilt Investment Management Holdings PBC acquired a new stake in shares of U.S. Bancorp (NYSE:USB) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,437 shares of the financial services provider’s stock, valued at approximately $282,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. CGC Financial Services LLC acquired a new stake in shares of U.S. Bancorp in the 4th quarter valued at about $25,000. BKM Wealth Management LLC acquired a new stake in U.S. Bancorp during the fourth quarter valued at approximately $26,000. Planned Solutions Inc. bought a new position in U.S. Bancorp during the 4th quarter worth approximately $27,000. Legacy Financial Group LLC bought a new position in U.S. Bancorp during the 3rd quarter worth approximately $30,000. Finally, First Command Advisory Services Inc. bought a new stake in shares of U.S. Bancorp in the 3rd quarter valued at approximately $35,000. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Price Performance

NYSE:USB traded down $0.02 during trading hours on Thursday, reaching $39.50. 5,675,808 shares of the company’s stock were exchanged, compared to its average volume of 8,736,518. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $61.55 billion, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 2.12 and a beta of 1.05. U.S. Bancorp has a 12 month low of $27.27 and a 12 month high of $45.85. The business’s 50-day simple moving average is $42.33 and its two-hundred day simple moving average is $39.72.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. The business had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.71 billion. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The company’s revenue was down 6.4% compared to the same quarter last year. During the same period last year, the company posted $1.16 EPS. Sell-side analysts expect that U.S. Bancorp will post 3.87 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 4.96%. U.S. Bancorp’s dividend payout ratio is currently 59.76%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on USB. Compass Point raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $46.00 to $49.00 in a report on Friday, March 22nd. Evercore ISI lifted their price target on shares of U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. StockNews.com lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. TheStreet upgraded U.S. Bancorp from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. Finally, UBS Group increased their price target on U.S. Bancorp from $35.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, U.S. Bancorp presently has an average rating of “Hold” and an average target price of $46.91.

Insiders Place Their Bets

In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total value of $1,152,904.71. Following the completion of the transaction, the insider now directly owns 144,236 shares in the company, valued at $6,255,515.32. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP James L. Chosy sold 21,582 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the sale, the executive vice president now owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Terrance R. Dolan sold 26,583 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total value of $1,152,904.71. Following the sale, the insider now owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp Company 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.