DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $435,000 Holdings in U.S. Bancorp (NYSE:USB)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 202.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,100 shares of the financial services provider's stock after buying an additional 6,096 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in U.S. Bancorp were worth $435,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of USB. Principal Financial Group Inc. increased its position in U.S. Bancorp by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,763,816 shares of the financial services provider's stock worth $80,659,000 after purchasing an additional 75,104 shares during the last quarter. Czech National Bank increased its position in U.S. Bancorp by 6.4% in the 4th quarter. Czech National Bank now owns 338,246 shares of the financial services provider's stock worth $16,178,000 after purchasing an additional 20,364 shares during the last quarter. Fiduciary Alliance LLC acquired a new position in U.S. Bancorp in the 4th quarter worth about $296,000. Brookstone Capital Management increased its position in U.S. Bancorp by 7.1% in the 4th quarter. Brookstone Capital Management now owns 244,688 shares of the financial services provider's stock worth $11,703,000 after purchasing an additional 16,293 shares during the last quarter. Finally, Capital Investment Advisors LLC increased its position in U.S. Bancorp by 18.9% in the 4th quarter. Capital Investment Advisors LLC now owns 7,149 shares of the financial services provider's stock worth $342,000 after purchasing an additional 1,135 shares during the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Stock Performance

Shares of USB stock traded up $0.28 during mid-day trading on Thursday, reaching $44.51. The stock had a trading volume of 6,533,734 shares, compared to its average volume of 9,137,609. The firm's 50 day simple moving average is $40.68 and its 200 day simple moving average is $46.07. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The firm has a market cap of $69.35 billion, a PE ratio of 11.74, a P/E/G ratio of 1.73 and a beta of 0.97.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.06. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter last year, the company earned $0.78 EPS. On average, analysts forecast that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.49%. U.S. Bancorp's payout ratio is presently 49.50%.

Analyst Upgrades and Downgrades

USB has been the topic of several research reports. TD Cowen initiated coverage on U.S. Bancorp in a research report on Thursday. They issued a "buy" rating and a $60.00 target price on the stock. Bank of America lowered their price objective 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. Morgan Stanley lowered their price objective on U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Wolfe Research raised U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 price objective on the stock in a report on Thursday, April 3rd. Finally, Keefe, Bruyette & Woods lowered their price objective on U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating on the stock in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $50.89.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani purchased 5,000 shares of the company's stock in a transaction that occurred on Monday, April 21st. The stock was purchased at an average cost of $37.32 per share, with a total value of $186,600.00. Following the acquisition, the director now directly owns 15,000 shares of the company's stock, valued at approximately $559,800. This trade represents a 50.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.23% of the stock is currently owned by insiders.

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.