Raiffeisen Bank International AG Makes New Investment in U.S. Bancorp (NYSE:USB)

Raiffeisen Bank International AG bought a new position in shares of U.S. Bancorp (NYSE:USB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,734 shares of the financial services provider's stock, valued at approximately $518,000.

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

Insider Activity at U.S. Bancorp

In related news, Director Aleem Gillani purchased 5,000 shares of the business's stock in a transaction that occurred on Monday, April 21st. The shares were acquired at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the acquisition, the director now directly owns 15,000 shares in the company, valued at approximately $559,800. The trade was a 50.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Trading Down 1.1%

Shares of USB stock traded down $0.46 during mid-day trading on Friday, reaching $42.66. The stock had a trading volume of 1,407,988 shares, compared to its average volume of 10,716,980. The firm has a market capitalization of $66.46 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97. The stock's 50-day moving average price is $40.96 and its two-hundred day moving average price is $45.90. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.06. The company 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 12.94% and a net margin of 14.75%. During the same quarter in the previous year, the business earned $0.78 EPS. Equities analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.69%. U.S. Bancorp's dividend payout ratio (DPR) is presently 49.50%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on USB. Barclays lowered their price target on U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Raymond James reissued an "outperform" rating and set a $51.00 price objective (down from $57.00) on shares of U.S. Bancorp in a report on Thursday, April 17th. Citigroup dropped their target price on 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. DA Davidson reduced their price target on shares of 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 shares of U.S. Bancorp in a report on Wednesday, May 14th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.89.

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.