U.S. Bancorp (NYSE:USB) Shares Purchased by Steph & Co.

Steph & Co. boosted its stake in shares of U.S. Bancorp (NYSE:USB) by 11.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,941 shares of the financial services provider’s stock after buying an additional 1,813 shares during the quarter. Steph & Co.’s holdings in U.S. Bancorp were worth $757,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. FIL Ltd grew its holdings in shares of U.S. Bancorp by 42.0% in the 4th quarter. FIL Ltd now owns 28,872 shares of the financial services provider’s stock worth $1,381,000 after acquiring an additional 8,542 shares during the period. Wesbanco Bank Inc. boosted its position in U.S. Bancorp by 31.6% during the first quarter. Wesbanco Bank Inc. now owns 325,056 shares of the financial services provider’s stock worth $13,724,000 after purchasing an additional 78,146 shares in the last quarter. Vanguard Group Inc. grew its holdings in U.S. Bancorp by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider’s stock valued at $6,640,569,000 after purchasing an additional 1,079,056 shares during the last quarter. M&T Bank Corp increased its position in shares of U.S. Bancorp by 36.9% in the fourth quarter. M&T Bank Corp now owns 1,158,848 shares of the financial services provider’s stock valued at $55,427,000 after buying an additional 312,504 shares in the last quarter. Finally, Becker Capital Management Inc. increased its position in shares of U.S. Bancorp by 1.5% in the fourth quarter. Becker Capital Management Inc. now owns 560,095 shares of the financial services provider’s stock valued at $27,069,000 after buying an additional 8,204 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 21st. The shares were purchased at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the acquisition, the director now owns 15,000 shares of the company’s stock, valued at approximately $559,800. This represents a 50.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on USB shares. The Goldman Sachs Group increased their price objective on shares of U.S. Bancorp from $41.00 to $46.00 and gave the company a “neutral” rating in a research note on Tuesday, June 10th. Evercore ISI upped their price target on shares of U.S. Bancorp from $44.00 to $49.00 and gave the company an “in-line” rating in a report on Wednesday, June 4th. TD Cowen started coverage on shares of U.S. Bancorp in a research note on Thursday, May 15th. They set a “buy” rating and a $60.00 price objective for the company. Morgan Stanley reduced their target price on U.S. Bancorp from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Finally, Bank of America lowered their target price on U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $50.72.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $44.54 on Wednesday. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a 50 day moving average price of $42.49 and a 200 day moving average price of $44.62. The company has a market cap of $69.39 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 1.66 and a beta of 1.00.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.06. The company had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.92 billion. U.S. Bancorp had a net margin of 15.70% and a return on equity of 13.02%. During the same period in the previous year, the company earned $0.78 EPS. Sell-side analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.50 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.49%. U.S. Bancorp’s dividend payout ratio (DPR) is 49.50%.

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.