First Heartland Consultants Inc. Buys Shares of 6,322 U.S. Bancorp (NYSE:USB)

First Heartland Consultants Inc. purchased a new position in shares of U.S. Bancorp (NYSE:USB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 6,322 shares of the financial services provider's stock, valued at approximately $302,000.

Several other hedge funds have also recently modified their holdings of the stock. J.Safra Asset Management Corp acquired a new stake in U.S. Bancorp in the fourth quarter valued at $26,000. FPC Investment Advisory Inc. acquired a new stake in U.S. Bancorp in the fourth quarter valued at $28,000. Stonebridge Financial Group LLC acquired a new stake in U.S. Bancorp in the fourth quarter valued at $30,000. Picton Mahoney Asset Management acquired a new stake in U.S. Bancorp in the fourth quarter valued at $30,000. Finally, Millstone Evans Group LLC acquired a new stake in U.S. Bancorp in the fourth quarter valued at $31,000. 77.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other U.S. Bancorp news, Director Aleem Gillani bought 5,000 shares of the business'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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on USB. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $43.50 target price (down previously from $51.00) on shares of U.S. Bancorp in a report on Thursday, April 3rd. Keefe, Bruyette & Woods dropped their price target on U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating for the company in a research report on Thursday, April 17th. Wolfe Research upgraded U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 price target for the company in a research report on Thursday, April 3rd. TD Cowen initiated coverage on U.S. Bancorp in a research report on Thursday, May 15th. They issued a "buy" rating and a $60.00 price target for the company. Finally, Royal Bank of Canada dropped their price target on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $50.89.

U.S. Bancorp Trading Up 1.8%

Shares of NYSE USB traded up $0.77 during midday trading on Tuesday, hitting $43.71. The stock had a trading volume of 4,742,129 shares, compared to its average volume of 9,096,732. The company has a fifty day moving average price of $40.98 and a 200 day moving average price of $45.75. The company has a market capitalization of $68.10 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 1.73 and a beta of 0.97. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. 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 released its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.97 by $0.06. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. During the same period in the previous year, the company posted $0.78 EPS. On average, analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend was Monday, March 31st. 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.