U.S. Bancorp (NYSE:USB) Shares Purchased by Bray Capital Advisors

Bray Capital Advisors increased its stake in shares of U.S. Bancorp (NYSE:USBFree Report) by 4.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 31,904 shares of the financial services provider’s stock after purchasing an additional 1,218 shares during the period. Bray Capital Advisors’ holdings in U.S. Bancorp were worth $1,381,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of USB. BCK Partners Inc. purchased a new stake in U.S. Bancorp during the 1st quarter worth approximately $2,514,000. Acadian Asset Management LLC increased its holdings in U.S. Bancorp by 3.0% during the 1st quarter. Acadian Asset Management LLC now owns 9,397 shares of the financial services provider’s stock worth $499,000 after purchasing an additional 276 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in U.S. Bancorp by 20.8% during the 1st quarter. Vontobel Holding Ltd. now owns 21,314 shares of the financial services provider’s stock worth $1,176,000 after purchasing an additional 3,663 shares during the last quarter. Prudential PLC purchased a new stake in U.S. Bancorp during the 1st quarter worth approximately $1,731,000. Finally, Candriam Luxembourg S.C.A. increased its holdings in U.S. Bancorp by 5.9% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 86,048 shares of the financial services provider’s stock worth $4,573,000 after purchasing an additional 4,827 shares during the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on USB. Morgan Stanley boosted their price target on U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. Stephens downgraded U.S. Bancorp from an “overweight” rating to an “equal weight” rating in a report on Wednesday, December 20th. Compass Point upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their price target for the company from $46.00 to $49.00 in a report on Friday, March 22nd. The Goldman Sachs Group boosted their price target on U.S. Bancorp from $37.00 to $42.00 and gave the company a “neutral” rating in a report on Tuesday, December 19th. Finally, Evercore ISI boosted their price target on U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $47.41.

Get Our Latest Stock Report on U.S. Bancorp

U.S. Bancorp Trading Down 0.8 %

Shares of USB stock opened at $41.58 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.81 and a current ratio of 0.81. U.S. Bancorp has a 1 year low of $27.27 and a 1 year high of $45.85. The stock has a fifty day moving average of $42.29 and a two-hundred day moving average of $39.56. The firm has a market capitalization of $64.79 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05.

U.S. Bancorp (NYSE:USBGet Free Report) last announced its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.28. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The company had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.85 billion. During the same quarter in the previous year, the firm posted $1.20 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, research analysts expect that U.S. Bancorp will post 3.87 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be given a dividend of $0.49 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 4.71%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 59.76%.

Insiders Place Their Bets

In other news, insider Timothy A. Welsh sold 12,100 shares of the company’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $40.33, for a total value of $487,993.00. Following the completion of the sale, the insider now owns 106,958 shares in the company, valued at $4,313,616.14. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP James L. Chosy sold 21,582 shares of the company’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 in the company, valued at $6,837,573.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Timothy A. Welsh sold 12,100 shares of the company’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $40.33, for a total value of $487,993.00. Following the completion of the sale, the insider now owns 106,958 shares of the company’s stock, valued at approximately $4,313,616.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,265 shares of company stock worth $2,535,903. 0.23% of the stock is owned by company insiders.

About U.S. Bancorp

(Free Report)

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.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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