6,376 Shares in U.S. Bancorp (NYSE:USB) Bought by Keel Point LLC

Keel Point LLC bought a new position in U.S. Bancorp (NYSE:USB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,376 shares of the financial services provider’s stock, valued at approximately $276,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Scotia Capital Inc. lifted its holdings in shares of U.S. Bancorp by 2.9% during the third quarter. Scotia Capital Inc. now owns 35,012 shares of the financial services provider’s stock worth $1,158,000 after buying an additional 990 shares during the last quarter. Tealwood Asset Management Inc. lifted its stake in U.S. Bancorp by 33.4% in the fourth quarter. Tealwood Asset Management Inc. now owns 62,539 shares of the financial services provider’s stock valued at $2,707,000 after buying an additional 15,665 shares during the period. Louisiana State Employees Retirement System bought a new stake in shares of U.S. Bancorp in the 4th quarter valued at about $4,073,000. Van ECK Associates Corp raised its holdings in U.S. Bancorp by 19.4% in the third quarter. Van ECK Associates Corp now owns 8,677,378 shares of the financial services provider’s stock worth $286,874,000 after purchasing an additional 1,410,324 shares during the period. Finally, SG Americas Securities LLC raised its stake in U.S. Bancorp by 104.3% during the 4th quarter. SG Americas Securities LLC now owns 105,090 shares of the financial services provider’s stock worth $4,548,000 after buying an additional 53,653 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Activity

In related news, insider Timothy A. Welsh sold 12,100 shares of the business’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the transaction, the executive vice president now directly owns 164,880 shares in the company, valued at $6,837,573.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timothy A. Welsh sold 12,100 shares of U.S. Bancorp stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $40.33, for a total transaction of $487,993.00. Following the transaction, the insider now directly owns 106,958 shares in the company, valued at $4,313,616.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,265 shares of company stock worth $2,535,903. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Price Performance

Shares of USB stock opened at $40.99 on Wednesday. The stock has a market cap of $63.87 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 2.14 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.05. U.S. Bancorp has a twelve month low of $27.27 and a twelve month high of $45.85. The business’s fifty day moving average is $42.34 and its 200 day moving average is $39.72.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $6.85 billion. During the same quarter in the prior year, the company earned $1.20 earnings per share. U.S. Bancorp’s revenue was up 6.2% on a year-over-year basis. Research analysts expect that U.S. Bancorp will post 3.87 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 4.78%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio is presently 59.76%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on USB shares. Morgan Stanley lifted their price target on shares of U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Jefferies Financial Group upped their price objective on U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Keefe, Bruyette & Woods upped their price target on U.S. Bancorp from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. UBS Group boosted their price objective on shares of U.S. Bancorp from $35.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. Finally, TheStreet raised shares of U.S. Bancorp from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $47.41.

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.