CWA Asset Management Group LLC Acquires 9,415 Shares of U.S. Bancorp (NYSE:USB)

CWA Asset Management Group LLC grew its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 86.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,258 shares of the financial services provider's stock after buying an additional 9,415 shares during the period. CWA Asset Management Group LLC's holdings in U.S. Bancorp were worth $855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of USB. Vanguard Group Inc. lifted its stake 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 worth $6,640,569,000 after purchasing an additional 1,079,056 shares in the last quarter. FMR LLC boosted its stake in 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 valued at $3,210,624,000 after buying an additional 3,211,815 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in U.S. Bancorp by 5.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 49,789,725 shares of the financial services provider's stock valued at $2,381,443,000 after buying an additional 2,460,845 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of U.S. Bancorp by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 33,937,360 shares of the financial services provider's stock worth $1,618,948,000 after acquiring an additional 850,763 shares in the last quarter. Finally, Amundi boosted its position in shares of U.S. Bancorp by 7.4% during the 4th quarter. Amundi now owns 19,485,615 shares of the financial services provider's stock valued at $945,268,000 after acquiring an additional 1,341,407 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company's stock.

Insider Transactions at U.S. Bancorp

In other news, Director Aleem Gillani purchased 5,000 shares of the firm's stock in a transaction on Monday, April 21st. The stock was acquired at an average cost of $37.32 per share, with a total value of $186,600.00. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at $559,800. This represents a 50.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.23% of the company's stock.

U.S. Bancorp Price Performance

Shares of USB stock opened at $43.20 on Friday. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The company has a market capitalization of $67.30 billion, a P/E ratio of 10.69, a P/E/G ratio of 1.62 and a beta of 0.99. The company's 50-day simple moving average is $42.14 and its two-hundred day simple moving average is $44.84. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.80 and a quick ratio of 0.80.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.06. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $0.78 earnings per share. As a group, equities analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.63%. U.S. Bancorp's dividend payout ratio (DPR) is presently 49.50%.

Wall Street Analysts Forecast Growth

Several research firms have commented on USB. Wall Street Zen lowered shares of U.S. Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday, June 7th. Morgan Stanley decreased 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. Bank of America dropped their price target on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a research report on Monday, March 17th. DA Davidson decreased their price objective on U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, Cowen initiated coverage on U.S. Bancorp in a research note on Wednesday, May 14th. They issued a "buy" rating for the company. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $50.72.

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.

Want to see what other hedge funds are holding USB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Bancorp (NYSE:USB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.