Asset Management One Co. Ltd. Acquires 55,054 Shares of U.S. Bancorp (NYSE:USB)

Asset Management One Co. Ltd. boosted its position in U.S. Bancorp (NYSE:USB - Free Report) by 9.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 653,367 shares of the financial services provider's stock after purchasing an additional 55,054 shares during the period. Asset Management One Co. Ltd.'s holdings in U.S. Bancorp were worth $27,585,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FIL Ltd lifted its holdings in shares of U.S. Bancorp by 42.0% in the fourth quarter. FIL Ltd now owns 28,872 shares of the financial services provider's stock valued at $1,381,000 after buying an additional 8,542 shares during the period. Wesbanco Bank Inc. raised its position in U.S. Bancorp by 31.6% in the first quarter. Wesbanco Bank Inc. now owns 325,056 shares of the financial services provider's stock worth $13,724,000 after acquiring an additional 78,146 shares in the last quarter. Vanguard Group Inc. lifted its holdings in U.S. Bancorp by 0.8% in 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. M&T Bank Corp boosted its position in shares of U.S. Bancorp by 36.9% during the 4th quarter. M&T Bank Corp now owns 1,158,848 shares of the financial services provider's stock valued at $55,427,000 after purchasing an additional 312,504 shares in the last quarter. Finally, Becker Capital Management Inc. boosted 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 purchasing an additional 8,204 shares in the last quarter. 77.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

USB has been the subject of several recent research reports. The Goldman Sachs Group increased their target price on shares of U.S. Bancorp from $41.00 to $46.00 and gave the company a "neutral" rating in a research note on Tuesday, June 10th. Royal Bank Of Canada dropped their price target on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company cut their price objective on U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. TD Cowen began coverage on U.S. Bancorp in a report on Thursday, May 15th. They issued a "buy" rating and a $60.00 target price on the stock. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $51.00 target price (down from $57.00) on shares of U.S. Bancorp in a research report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $50.72.

Insider Buying and Selling

In other news, Director Aleem Gillani bought 5,000 shares of the company's stock in a transaction 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 transaction, the director now directly owns 15,000 shares in the company, valued at approximately $559,800. This trade represents a 50.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Stock Up 1.0%

Shares of USB traded up $0.43 during trading hours on Thursday, reaching $45.25. The company's stock had a trading volume of 1,100,342 shares, compared to its average volume of 9,165,838. The firm has a market cap of $70.50 billion, a price-to-earnings ratio of 11.20, a P/E/G ratio of 1.68 and a beta of 0.99. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.11. The company has a 50 day moving average of $42.63 and a two-hundred day moving average of $44.62.

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, beating analysts' consensus estimates of $0.97 by $0.06. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.92 billion. U.S. Bancorp had a net margin of 15.70% and a return on equity of 13.02%. During the same period in the previous year, the firm posted $0.78 earnings per share. As a group, research analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date of this dividend is Monday, June 30th. U.S. Bancorp's dividend payout ratio (DPR) is presently 49.50%.

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.