DSG Capital Advisors LLC Makes New Investment in U.S. Bancorp (NYSE:USB)

DSG Capital Advisors LLC bought a new position in shares of U.S. Bancorp (NYSE:USB - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 319,757 shares of the financial services provider's stock, valued at approximately $15,294,000. U.S. Bancorp accounts for about 2.8% of DSG Capital Advisors LLC's investment portfolio, making the stock its 10th biggest position.

A number of other large investors also recently modified their holdings of USB. J.Safra Asset Management Corp bought a new stake in U.S. Bancorp in the 4th quarter worth about $26,000. FPC Investment Advisory Inc. bought a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $28,000. Stonebridge Financial Group LLC purchased a new stake in shares of U.S. Bancorp during the fourth quarter valued at approximately $30,000. Picton Mahoney Asset Management purchased a new stake in shares of U.S. Bancorp during the 4th quarter valued at $30,000. Finally, Millstone Evans Group LLC purchased a new position in shares of U.S. Bancorp in the 4th quarter worth about $31,000. 77.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling at U.S. Bancorp

In other news, Director Aleem Gillani bought 5,000 shares of U.S. Bancorp stock in a transaction that occurred on Monday, April 21st. The shares were acquired at an average price of $37.32 per share, with a total value of $186,600.00. Following the completion of the purchase, the director now directly owns 15,000 shares in the company, valued at $559,800. The trade was a 50.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.23% of the stock is currently owned by company insiders.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock traded down $0.16 during trading on Friday, hitting $43.60. The stock had a trading volume of 9,784,874 shares, compared to its average volume of 9,099,900. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The firm has a market cap of $67.93 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 1.73 and a beta of 0.97. The business's 50-day moving average is $41.00 and its 200 day moving average is $45.55.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share 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 business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same period in the prior year, the company earned $0.78 EPS. As a group, sell-side analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date was Monday, March 31st. U.S. Bancorp's dividend payout ratio is currently 49.50%.

Wall Street Analyst Weigh In

Several analysts have commented on USB shares. DA Davidson lowered their price objective on shares of U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company lowered their price target on shares of U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Wall Street Zen lowered U.S. Bancorp from a "hold" rating to a "sell" rating in a report on Friday. Bank of America decreased their target price on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Finally, Raymond James restated an "outperform" rating and issued a $51.00 price objective (down from $57.00) on shares of U.S. Bancorp in a research note on Thursday, April 17th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $50.89.

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.