Capital Management Associates Inc Acquires 10,297 Shares of U.S. Bancorp (NYSE:USB)

Capital Management Associates Inc raised its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 100.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,594 shares of the financial services provider's stock after acquiring an additional 10,297 shares during the quarter. Capital Management Associates Inc's holdings in U.S. Bancorp were worth $869,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in USB. Crossmark Global Holdings Inc. grew its stake in U.S. Bancorp by 136.1% in the first quarter. Crossmark Global Holdings Inc. now owns 238,231 shares of the financial services provider's stock worth $10,058,000 after purchasing an additional 137,331 shares during the period. YANKCOM Partnership boosted its holdings in shares of U.S. Bancorp by 59.4% during the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock valued at $29,000 after buying an additional 260 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of U.S. Bancorp by 2.8% during the 1st quarter. TD Private Client Wealth LLC now owns 203,684 shares of the financial services provider's stock valued at $8,600,000 after buying an additional 5,633 shares in the last quarter. McGlone Suttner Wealth Management Inc. grew its position in shares of U.S. Bancorp by 37.1% in the 1st quarter. McGlone Suttner Wealth Management Inc. now owns 14,179 shares of the financial services provider's stock worth $599,000 after buying an additional 3,838 shares during the period. Finally, Lee Danner & Bass Inc. increased its stake in shares of U.S. Bancorp by 0.9% in the 1st quarter. Lee Danner & Bass Inc. now owns 49,859 shares of the financial services provider's stock worth $2,105,000 after acquiring an additional 449 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company's stock.

U.S. Bancorp Stock Performance

USB stock traded down $0.15 on Monday, hitting $47.78. The company had a trading volume of 14,353,635 shares, compared to its average volume of 9,366,184. The company has a current ratio of 0.80, 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 stock has a market cap of $74.44 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 1.80 and a beta of 0.99. The stock's 50-day simple moving average is $43.70 and its 200 day simple moving average is $44.36.

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

U.S. Bancorp Announces Dividend

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 4.19%. U.S. Bancorp's payout ratio is 49.50%.

Analysts Set New Price Targets

Several research firms recently commented on USB. DA Davidson dropped 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 note on Thursday, April 17th. Wall Street Zen cut U.S. Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday, June 7th. Wolfe Research upgraded U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 price target on the stock in a research note on Thursday, April 3rd. Cowen started coverage on U.S. Bancorp in a research note on Wednesday, May 14th. They set a "buy" rating for the company. Finally, Raymond James Financial raised U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and boosted their target price for the stock from $51.00 to $57.00 in a report on Monday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, U.S. Bancorp presently has a consensus rating of "Moderate Buy" and an average target price of $51.61.

Insider Activity

In other U.S. Bancorp news, Director Aleem Gillani acquired 5,000 shares of the stock in a transaction dated Monday, April 21st. The shares were purchased at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the purchase, the director directly owned 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 acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.23% of the stock is currently owned by corporate insiders.

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.