U.S. Bancorp (NYSE:USB) Shares Bought by Curbstone Financial Management Corp

Curbstone Financial Management Corp lifted its holdings in shares of U.S. Bancorp (NYSE:USB) by 1.4% during the fourth quarter, Holdings Channel reports. The fund owned 39,860 shares of the financial services provider’s stock after purchasing an additional 538 shares during the quarter. Curbstone Financial Management Corp’s holdings in U.S. Bancorp were worth $1,907,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of USB. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of U.S. Bancorp in the 2nd quarter valued at approximately $86,000. AXA S.A. boosted its stake in U.S. Bancorp by 79.2% during the 2nd quarter. AXA S.A. now owns 90,862 shares of the financial services provider’s stock valued at $3,607,000 after acquiring an additional 40,147 shares during the last quarter. AQR Capital Management LLC grew its holdings in U.S. Bancorp by 414.4% during the 2nd quarter. AQR Capital Management LLC now owns 572,617 shares of the financial services provider’s stock worth $22,653,000 after acquiring an additional 461,291 shares in the last quarter. APG Asset Management N.V. increased its position in shares of U.S. Bancorp by 203.2% in the 2nd quarter. APG Asset Management N.V. now owns 182,496 shares of the financial services provider’s stock worth $6,760,000 after purchasing an additional 122,300 shares during the last quarter. Finally, Scientech Research LLC acquired a new stake in shares of U.S. Bancorp in the 2nd quarter valued at about $213,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Evercore ISI lifted their price target on U.S. Bancorp from $51.00 to $54.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Barclays boosted their price target on U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Stephens raised their price objective on U.S. Bancorp from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Compass Point boosted their price objective on shares of U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, Raymond James upgraded U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 target price for the company in a research note on Thursday, December 19th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, U.S. Bancorp presently has an average rating of “Moderate Buy” and a consensus target price of $54.21.

U.S. Bancorp Stock Performance

Shares of NYSE USB opened at $49.52 on Tuesday. U.S. Bancorp has a 1 year low of $37.81 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 0.81. The stock has a fifty day moving average price of $49.99 and a two-hundred day moving average price of $47.20. The firm has a market cap of $77.25 billion, a P/E ratio of 13.07, a PEG ratio of 1.81 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last released its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. U.S. Bancorp’s revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.99 earnings per share. Research analysts forecast that U.S. Bancorp will post 4.37 EPS for the current fiscal 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 issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.04%. U.S. Bancorp’s dividend payout ratio is currently 52.77%.

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.