Buck Wealth Strategies LLC Increases Holdings in U.S. Bancorp (NYSE:USB)

Buck Wealth Strategies LLC lifted its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 63.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,417 shares of the financial services provider's stock after purchasing an additional 8,680 shares during the period. Buck Wealth Strategies LLC's holdings in U.S. Bancorp were worth $946,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in USB. FIL Ltd grew its stake 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 worth $1,381,000 after acquiring an additional 8,542 shares in the last quarter. Wesbanco Bank Inc. boosted its holdings 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 valued at $13,724,000 after purchasing an additional 78,146 shares during the period. Vanguard Group Inc. grew its stake in 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 worth $6,640,569,000 after purchasing an additional 1,079,056 shares in the last quarter. M&T Bank Corp increased its holdings in 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 worth $55,427,000 after purchasing an additional 312,504 shares during the period. Finally, Becker Capital Management Inc. raised its position in U.S. Bancorp by 1.5% in 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 hedge funds and other institutional investors.

U.S. Bancorp Stock Performance

NYSE:USB traded up $0.30 during mid-day trading on Wednesday, reaching $44.84. 8,481,847 shares of the stock were exchanged, compared to its average volume of 9,196,518. 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 stock has a market capitalization of $69.86 billion, a P/E ratio of 11.10, a P/E/G ratio of 1.68 and a beta of 0.99. The company has a 50 day simple moving average of $42.49 and a 200-day simple moving average of $44.62. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98.

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

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.50 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.46%. U.S. Bancorp's dividend payout ratio (DPR) is presently 49.50%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wall Street Zen cut U.S. Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, June 7th. Bank of America decreased their price target on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a research note on Monday, March 17th. Cowen initiated coverage on shares of U.S. Bancorp in a report on Wednesday, May 14th. They set a "buy" rating for the company. Wolfe Research raised shares of U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 price objective on the stock in a research report on Thursday, April 3rd. Finally, Barclays decreased their price objective on shares of U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, U.S. Bancorp currently has a consensus rating of "Moderate Buy" and an average target price of $50.72.

Insider Buying and Selling

In other U.S. Bancorp news, Director Aleem Gillani bought 5,000 shares of U.S. Bancorp stock in a transaction on Monday, April 21st. The stock was bought at an average price of $37.32 per share, with a total value of $186,600.00. Following the completion of the acquisition, the director now 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 legal filing with the Securities & Exchange Commission, which is available through this link. 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.