U.S. Bancorp (NYSE:USB) Shares Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd raised its stake in U.S. Bancorp (NYSE:USB - Free Report) by 10.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 305,377 shares of the financial services provider's stock after acquiring an additional 27,877 shares during the period. IFM Investors Pty Ltd's holdings in U.S. Bancorp were worth $13,965,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. 44 Wealth Management LLC increased its holdings in shares of U.S. Bancorp by 4.8% in the first quarter. 44 Wealth Management LLC now owns 7,580 shares of the financial services provider's stock worth $320,000 after purchasing an additional 349 shares during the last quarter. Calamos Advisors LLC increased its stake in U.S. Bancorp by 1.1% in the 1st quarter. Calamos Advisors LLC now owns 151,091 shares of the financial services provider's stock worth $6,379,000 after acquiring an additional 1,683 shares during the last quarter. Checchi Capital Advisers LLC raised its holdings in shares of U.S. Bancorp by 8.9% during the 1st quarter. Checchi Capital Advisers LLC now owns 11,630 shares of the financial services provider's stock worth $491,000 after acquiring an additional 947 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of U.S. Bancorp by 0.3% during the 1st quarter. D.A. Davidson & CO. now owns 381,886 shares of the financial services provider's stock valued at $16,123,000 after acquiring an additional 1,119 shares during the last quarter. Finally, MBM Wealth Consultants LLC grew its holdings in shares of U.S. Bancorp by 12.9% in the first quarter. MBM Wealth Consultants LLC now owns 9,181 shares of the financial services provider's stock valued at $392,000 after purchasing an additional 1,047 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company's stock.

Analyst Ratings Changes

USB has been the subject of several research reports. Evercore ISI increased their price objective on shares of U.S. Bancorp from $44.00 to $49.00 and gave the company an "in-line" rating in a research report on Wednesday, June 4th. DA Davidson dropped their price target on U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. The Goldman Sachs Group upped their price objective on U.S. Bancorp from $41.00 to $46.00 and gave the company a "neutral" rating in a research report on Tuesday, June 10th. Wall Street Zen lowered U.S. Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, June 7th. Finally, Keefe, Bruyette & Woods cut their target price on U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating on the stock in a research report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $51.34.

U.S. Bancorp Trading Up 0.5%

NYSE:USB traded up $0.24 during midday trading on Friday, hitting $47.73. The stock had a trading volume of 7,036,266 shares, compared to its average volume of 9,331,398. The stock has a 50-day moving average of $43.70 and a 200 day moving average of $44.41. The company has a market capitalization of $74.36 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 1.80 and a beta of 0.99. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted 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. The business had revenue of $6.96 billion for 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 quarter in the prior year, the company earned $0.78 EPS. As a group, sell-side analysts forecast that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

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 issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 4.19%. U.S. Bancorp's dividend payout ratio is currently 49.50%.

Insider Transactions at U.S. Bancorp

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

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.