Zurcher Kantonalbank Zurich Cantonalbank Buys 218,132 Shares of U.S. Bancorp (NYSE:USB)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in U.S. Bancorp (NYSE:USB) by 80.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 490,178 shares of the financial services provider’s stock after purchasing an additional 218,132 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in U.S. Bancorp were worth $21,215,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. CGC Financial Services LLC bought a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $25,000. BKM Wealth Management LLC bought a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $26,000. Planned Solutions Inc. bought a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $27,000. Legacy Financial Group LLC bought a new position in shares of U.S. Bancorp during the 3rd quarter worth approximately $30,000. Finally, First Command Advisory Services Inc. bought a new position in shares of U.S. Bancorp during the 3rd quarter worth approximately $35,000. 77.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on USB shares. UBS Group lifted their target price on U.S. Bancorp from $35.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. Royal Bank of Canada lifted their price target on U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. Jefferies Financial Group lifted their price target on U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a report on Monday, April 8th. Compass Point raised U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $46.00 to $49.00 in a report on Friday, March 22nd. Finally, Morgan Stanley lifted their price target on U.S. Bancorp from $44.00 to $45.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $47.41.

U.S. Bancorp Trading Down 3.6 %

Shares of USB stock opened at $39.52 on Thursday. The firm has a market capitalization of $61.58 billion, a P/E ratio of 12.05, a P/E/G ratio of 2.12 and a beta of 1.05. U.S. Bancorp has a twelve month low of $27.27 and a twelve month high of $45.85. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.05. The stock’s fifty day simple moving average is $42.33 and its 200 day simple moving average is $39.72.

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

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a dividend of $0.49 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 4.96%. U.S. Bancorp’s dividend payout ratio is currently 59.76%.

Insider Buying and Selling

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the sale, the executive vice president now owns 164,880 shares in the company, valued at approximately $6,837,573.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total value of $1,152,904.71. Following the sale, the insider now owns 144,236 shares in the company, valued at approximately $6,255,515.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $895,005.54. Following the completion of the transaction, the executive vice president now directly owns 164,880 shares in the company, valued at $6,837,573.60. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.

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.