SG Americas Securities LLC Has $341.18 Million Stock Holdings in U.S. Bancorp $USB

SG Americas Securities LLC increased its stake in shares of U.S. Bancorp (NYSE:USB) by 51.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 6,559,944 shares of the financial services provider’s stock after acquiring an additional 2,227,285 shares during the quarter. SG Americas Securities LLC’s holdings in U.S. Bancorp were worth $341,183,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of USB. Citigroup Inc. increased its position in U.S. Bancorp by 2.4% during the 3rd quarter. Citigroup Inc. now owns 1,749,812 shares of the financial services provider’s stock worth $84,568,000 after buying an additional 41,803 shares during the period. Danske Bank A S acquired a new stake in shares of U.S. Bancorp during the third quarter worth $37,162,000. Nordea Investment Management AB boosted its position in shares of U.S. Bancorp by 15.3% in the fourth quarter. Nordea Investment Management AB now owns 2,690,174 shares of the financial services provider’s stock valued at $144,462,000 after acquiring an additional 357,300 shares during the period. Goodman Advisory Group LLC boosted its position in shares of U.S. Bancorp by 30.5% in the third quarter. Goodman Advisory Group LLC now owns 194,035 shares of the financial services provider’s stock valued at $9,378,000 after acquiring an additional 45,365 shares during the period. Finally, Lighthouse Investment Partners LLC grew its stake in shares of U.S. Bancorp by 92.9% in the third quarter. Lighthouse Investment Partners LLC now owns 252,335 shares of the financial services provider’s stock valued at $12,195,000 after acquiring an additional 121,529 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Stock Down 0.1%

Shares of NYSE USB opened at $58.07 on Monday. The stock has a market capitalization of $90.07 billion, a P/E ratio of 12.17, a PEG ratio of 1.01 and a beta of 0.97. The stock’s fifty day moving average is $55.69 and its 200 day moving average is $54.90. U.S. Bancorp has a 52 week low of $42.93 and a 52 week high of $61.19. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.81 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.04. The business had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $7.27 billion. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. U.S. Bancorp’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 earnings per share. Sell-side analysts forecast that U.S. Bancorp will post 5.08 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, June 30th. U.S. Bancorp’s dividend payout ratio is 43.61%.

Insider Buying and Selling

In related news, EVP Venkatachari Dilip sold 34,522 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the sale, the executive vice president owned 51,292 shares in the company, valued at approximately $2,847,731.84. This trade represents a 40.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jodi L. Richard sold 40,000 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the completion of the transaction, the insider directly owned 207,251 shares in the company, valued at $11,813,307. This trade represents a 16.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on USB shares. Royal Bank Of Canada raised their price target on shares of U.S. Bancorp from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. JPMorgan Chase & Co. decreased their target price on shares of U.S. Bancorp from $58.00 to $57.50 and set an “underweight” rating on the stock in a research report on Thursday, April 30th. Morgan Stanley set a $64.00 target price on shares of U.S. Bancorp in a report on Friday, April 17th. Weiss Ratings upgraded shares of U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, Piper Sandler reiterated a “buy” rating on shares of U.S. Bancorp in a research note on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $61.29.

U.S. Bancorp Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.