Alpine Woods Capital Investors LLC Takes $1.51 Million Position in U.S. Bancorp (NYSE:USB)

Alpine Woods Capital Investors LLC bought a new stake in shares of U.S. Bancorp (NYSE:USB - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 35,802 shares of the financial services provider's stock, valued at approximately $1,512,000.

Other institutional investors also recently made changes to their positions in the company. FIL Ltd grew its holdings in U.S. Bancorp by 42.0% in the 4th quarter. FIL Ltd now owns 28,872 shares of the financial services provider's stock worth $1,381,000 after buying an additional 8,542 shares in the last quarter. Wesbanco Bank Inc. lifted its position in shares of U.S. Bancorp by 31.6% during the 1st quarter. Wesbanco Bank Inc. now owns 325,056 shares of the financial services provider's stock valued at $13,724,000 after acquiring an additional 78,146 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of U.S. Bancorp by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider's stock valued at $6,640,569,000 after acquiring an additional 1,079,056 shares during the last quarter. Becker Capital Management Inc. lifted its position in shares of U.S. Bancorp by 1.5% during the 4th quarter. Becker Capital Management Inc. now owns 560,095 shares of the financial services provider's stock valued at $27,069,000 after acquiring an additional 8,204 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in shares of U.S. Bancorp by 9.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 653,367 shares of the financial services provider's stock valued at $27,585,000 after acquiring an additional 55,054 shares during the last quarter. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Stock Down 0.7%

Shares of U.S. Bancorp stock traded down $0.36 on Friday, reaching $47.22. 5,707,595 shares of the company were exchanged, compared to its average volume of 9,385,898. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The company has a 50-day moving average of $44.27 and a 200 day moving average of $44.40. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $73.56 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 1.78 and a beta of 0.99.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.06. The firm had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $6.92 billion. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. During the same quarter last year, the business earned $0.78 EPS. On average, equities research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.50 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.00 annualized dividend and a yield of 4.24%. U.S. Bancorp's dividend payout ratio is presently 49.50%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. restated an "underweight" rating and issued a $43.50 target price (down previously from $51.00) on shares of U.S. Bancorp in a report on Thursday, April 3rd. Wolfe Research upgraded U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 price objective for the company in a report on Thursday, April 3rd. Raymond James Financial upgraded U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and increased their price objective for the stock from $51.00 to $57.00 in a report on Monday. Royal Bank Of Canada cut their price objective on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Finally, Oppenheimer increased their price objective on U.S. Bancorp from $57.00 to $59.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $51.70.

Insider Buying and Selling

In related news, Director Aleem Gillani acquired 5,000 shares of the business's stock in a transaction that occurred on Monday, April 21st. The shares were bought at an average cost of $37.32 per share, with a total value of $186,600.00. Following the completion of the purchase, the director directly owned 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 document filed with the SEC, which is available at this link. Corporate insiders own 0.23% of the company's stock.

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.