Abel Hall LLC Purchases Shares of 4,452 U.S. Bancorp (NYSE:USB)

Abel Hall LLC acquired a new stake in shares of U.S. Bancorp (NYSE:USB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,452 shares of the financial services provider’s stock, valued at approximately $213,000.

A number of other hedge funds also recently made changes to their positions in USB. Strategic Planning Group LLC grew its holdings in shares of U.S. Bancorp by 2.5% in the fourth quarter. Strategic Planning Group LLC now owns 98,174 shares of the financial services provider’s stock valued at $4,696,000 after purchasing an additional 2,441 shares in the last quarter. Swedbank AB grew its stake in U.S. Bancorp by 2.4% in the 4th quarter. Swedbank AB now owns 554,489 shares of the financial services provider’s stock worth $26,521,000 after acquiring an additional 13,223 shares in the last quarter. Strategic Blueprint LLC raised its stake in shares of U.S. Bancorp by 5.2% during the fourth quarter. Strategic Blueprint LLC now owns 4,611 shares of the financial services provider’s stock valued at $221,000 after acquiring an additional 226 shares in the last quarter. Forsta AP Fonden boosted its holdings in shares of U.S. Bancorp by 1.2% in the fourth quarter. Forsta AP Fonden now owns 331,000 shares of the financial services provider’s stock valued at $15,832,000 after purchasing an additional 3,900 shares during the period. Finally, Nvest Financial LLC bought a new stake in U.S. Bancorp during the 4th quarter valued at $336,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Stock Performance

USB opened at $47.65 on Thursday. The stock has a market cap of $74.34 billion, a P/E ratio of 12.57, a P/E/G ratio of 1.81 and a beta of 1.05. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The firm has a fifty day moving average price of $49.93 and a 200 day moving average price of $47.30. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98.

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, topping analysts’ consensus estimates 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 business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. During the same quarter in the prior year, the firm posted $0.99 earnings per share. The company’s revenue was up 3.7% compared to the same quarter last year. Equities research analysts anticipate that U.S. Bancorp will post 4.37 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s payout ratio is currently 52.77%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Truist Financial started coverage on shares of U.S. Bancorp in a report on Tuesday, January 7th. They set a “hold” rating and a $54.00 target price on the stock. Citigroup raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price objective for the company from $49.00 to $65.00 in a research report on Monday, November 25th. Oppenheimer boosted their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Morgan Stanley decreased their price target on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, Barclays boosted their price objective on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $54.21.

About U.S. Bancorp

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.