Cantor Fitzgerald Investment Advisors L.P. Boosts Stock Position in U.S. Bancorp (NYSE:USB)

Cantor Fitzgerald Investment Advisors L.P. increased its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 352,259 shares of the financial services provider's stock after purchasing an additional 6,158 shares during the period. Cantor Fitzgerald Investment Advisors L.P.'s holdings in U.S. Bancorp were worth $14,872,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in U.S. Bancorp in the 4th quarter valued at about $777,524,000. Invesco Ltd. grew its stake in shares of U.S. Bancorp by 48.1% in the fourth quarter. Invesco Ltd. now owns 16,787,513 shares of the financial services provider's stock worth $802,947,000 after acquiring an additional 5,449,949 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of U.S. Bancorp by 414.1% in the 4th quarter. Marshall Wace LLP now owns 5,789,565 shares of the financial services provider's stock valued at $276,915,000 after buying an additional 4,663,518 shares during the period. Raymond James Financial Inc. purchased a new position in U.S. Bancorp in the fourth quarter worth approximately $184,733,000. Finally, FMR LLC grew its stake in shares of U.S. Bancorp by 5.0% during the fourth quarter. FMR LLC now owns 67,125,746 shares of the financial services provider's stock worth $3,210,624,000 after purchasing an additional 3,211,815 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on USB. Morgan Stanley lowered their target price on shares of U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company reduced their price objective on shares of U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Wall Street Zen lowered U.S. Bancorp from a "hold" rating to a "sell" rating in a report on Saturday, June 7th. Raymond James Financial restated an "outperform" rating and set a $51.00 price objective (down from $57.00) on shares of U.S. Bancorp in a research report on Thursday, April 17th. Finally, Citigroup reduced their target price on U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. 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 company's stock. According to data from MarketBeat.com, U.S. Bancorp presently has an average rating of "Moderate Buy" and an average target price of $50.72.

U.S. Bancorp Stock Performance

USB stock opened at $43.20 on Friday. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The stock has a market capitalization of $67.30 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 1.62 and a beta of 0.99. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.80. The stock's fifty day moving average is $42.14 and its two-hundred day moving average is $44.84.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $6.92 billion. During the same period in the previous year, the business posted $0.78 EPS. On average, research analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.63%. U.S. Bancorp's payout ratio is currently 49.50%.

Insiders Place Their Bets

In other U.S. Bancorp news, Director Aleem Gillani purchased 5,000 shares of the stock in a transaction dated 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 acquisition, the director now owns 15,000 shares of the company's stock, valued at approximately $559,800. This trade represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.23% of the stock is currently owned by insiders.

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.

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