Quantinno Capital Management LP Has $5.79 Million Stock Position in U.S. Bancorp (NYSE:USB)

Quantinno Capital Management LP lifted its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 27.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 120,997 shares of the financial services provider's stock after purchasing an additional 26,130 shares during the quarter. Quantinno Capital Management LP's holdings in U.S. Bancorp were worth $5,787,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in USB. J.Safra Asset Management Corp acquired a new position in U.S. Bancorp in the 4th quarter valued at $26,000. FPC Investment Advisory Inc. acquired a new stake in shares of U.S. Bancorp during the 4th quarter worth $28,000. Stonebridge Financial Group LLC acquired a new position in U.S. Bancorp in the fourth quarter valued at about $30,000. Picton Mahoney Asset Management bought a new stake in U.S. Bancorp during the fourth quarter worth about $30,000. Finally, Millstone Evans Group LLC bought a new stake in U.S. Bancorp during the fourth quarter worth about $31,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Trading Down 1.1%

NYSE USB traded down $0.45 on Friday, reaching $42.67. The company had a trading volume of 1,349,266 shares, compared to its average volume of 9,071,711. The firm has a market cap of $66.48 billion, a price-to-earnings ratio of 11.27, a P/E/G ratio of 1.73 and a beta of 0.97. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98. The business has a 50 day moving average of $40.96 and a two-hundred day moving average of $45.90.

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, beating analysts' consensus estimates of $0.97 by $0.06. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the previous year, the company posted $0.78 EPS. Analysts forecast that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.50 per share. The ex-dividend date was Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 4.69%. U.S. Bancorp's payout ratio is 49.50%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods dropped their target price on shares of 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. Bank of America lowered their price objective on shares of 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. Cowen started coverage on U.S. Bancorp in a report on Wednesday, May 14th. They issued a "buy" rating on the stock. The Goldman Sachs Group decreased their price target on U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Finally, Wall Street Zen upgraded U.S. Bancorp from a "sell" rating to a "hold" rating in a research report on Thursday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $50.89.

Insider Transactions at U.S. Bancorp

In other news, Director Aleem Gillani bought 5,000 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was acquired at an average price of $37.32 per share, with a total value of $186,600.00. Following the completion of the purchase, the director now directly owns 15,000 shares of the company's stock, valued at approximately $559,800. This represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Corporate 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.