Lecap Asset Management Ltd. Takes Position in U.S. Bancorp (NYSE:USB)

Lecap Asset Management Ltd. acquired a new position in U.S. Bancorp (NYSE:USB - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,440 shares of the financial services provider's stock, valued at approximately $863,000.

A number of other hedge funds have also recently modified their holdings of the business. Brighton Jones LLC increased its stake in U.S. Bancorp by 323.0% in the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider's stock worth $2,309,000 after purchasing an additional 36,863 shares during the period. IFP Advisors Inc increased its holdings in U.S. Bancorp by 14.9% during the 4th quarter. IFP Advisors Inc now owns 13,604 shares of the financial services provider's stock worth $651,000 after purchasing an additional 1,760 shares during the period. Rothschild Investment LLC lifted its holdings in shares of U.S. Bancorp by 2.5% in the 4th quarter. Rothschild Investment LLC now owns 11,231 shares of the financial services provider's stock worth $537,000 after buying an additional 273 shares during the period. Lake Street Advisors Group LLC grew its position in shares of U.S. Bancorp by 7.3% during the 4th quarter. Lake Street Advisors Group LLC now owns 13,192 shares of the financial services provider's stock worth $638,000 after buying an additional 896 shares in the last quarter. Finally, DMKC Advisory Services LLC bought a new position in shares of U.S. Bancorp during the 4th quarter worth $4,169,000. Institutional investors own 77.60% of the company's stock.

Insider Activity at U.S. Bancorp

In other news, Director Aleem Gillani acquired 5,000 shares of the business's stock in a transaction that occurred on Monday, April 21st. The stock was purchased at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at approximately $559,800. This trade represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.23% of the company's stock.

U.S. Bancorp Price Performance

Shares of USB stock traded up $0.17 during trading hours on Friday, hitting $45.79. 15,749,262 shares of the company's stock were exchanged, compared to its average volume of 9,254,670. The firm has a market cap of $71.35 billion, a P/E ratio of 11.33, a P/E/G ratio of 1.72 and a beta of 0.99. The firm has a 50 day moving average of $42.78 and a two-hundred day moving average of $44.58. 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 has a fifty-two week low of $35.18 and a fifty-two week high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating 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 company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same quarter last year, the firm posted $0.78 EPS. Sell-side analysts forecast that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.37%. U.S. Bancorp's dividend payout ratio (DPR) is presently 49.50%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Bank of America cut their price objective on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Cowen started coverage on U.S. Bancorp in a research report on Wednesday, May 14th. They issued a "buy" rating for the company. The Goldman Sachs Group raised 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. Evercore ISI lifted their target price on U.S. Bancorp from $44.00 to $49.00 and gave the company an "in-line" rating in a research note on Wednesday, June 4th. Finally, Citigroup decreased their price target on shares of U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Two equities research 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $50.72.

U.S. Bancorp Company 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.