Grange Capital LLC Takes $689,000 Position in U.S. Bancorp (NYSE:USB)

Grange Capital LLC acquired a new stake in U.S. Bancorp (NYSE:USB) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,408 shares of the financial services provider’s stock, valued at approximately $689,000. U.S. Bancorp makes up about 0.7% of Grange Capital LLC’s portfolio, making the stock its 29th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Winch Advisory Services LLC boosted its holdings in U.S. Bancorp by 1,088.9% during the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock worth $26,000 after buying an additional 490 shares in the last quarter. Frazier Financial Advisors LLC lifted its position in shares of U.S. Bancorp by 222.7% in the 3rd quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 441 shares in the last quarter. Global Wealth Strategies & Associates lifted its position in shares of U.S. Bancorp by 70.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 250 shares in the last quarter. Albion Financial Group UT lifted its position in shares of U.S. Bancorp by 92.8% in the 4th quarter. Albion Financial Group UT now owns 696 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 335 shares in the last quarter. Finally, Global Trust Asset Management LLC purchased a new stake in shares of U.S. Bancorp in the 4th quarter valued at approximately $33,000. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Stock Performance

NYSE:USB opened at $49.00 on Friday. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98. The firm’s fifty day simple moving average is $49.99 and its 200 day simple moving average is $47.10. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $76.43 billion, a PE ratio of 12.93, a PEG ratio of 1.81 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $7 billion. During the same period last year, the business posted $0.99 EPS. U.S. Bancorp’s revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts anticipate that U.S. Bancorp will post 4.37 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.50 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 4.08%. U.S. Bancorp’s dividend payout ratio is 52.77%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Evercore ISI upped their price target on shares of U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Compass Point increased their target price on shares of U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Robert W. Baird set a $54.00 target price on shares of U.S. Bancorp in a research report on Thursday, October 17th. Piper Sandler upgraded shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 target price for the company in a research report on Monday, January 13th. Finally, Royal Bank of Canada set a $53.00 target price on shares of U.S. Bancorp in a research report on Thursday, October 17th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.21.

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.