S.E.E.D. Planning Group LLC Boosts Stock Holdings in U.S. Bancorp (NYSE:USB)

S.E.E.D. Planning Group LLC increased its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 8.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 200,382 shares of the financial services provider's stock after acquiring an additional 16,266 shares during the period. U.S. Bancorp makes up about 2.9% of S.E.E.D. Planning Group LLC's portfolio, making the stock its 13th largest holding. S.E.E.D. Planning Group LLC's holdings in U.S. Bancorp were worth $8,460,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. FIL Ltd boosted its holdings in U.S. Bancorp by 42.0% in the 4th quarter. FIL Ltd now owns 28,872 shares of the financial services provider's stock worth $1,381,000 after buying an additional 8,542 shares during the last quarter. Vanguard Group Inc. boosted its holdings in U.S. Bancorp by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider's stock worth $6,640,569,000 after buying an additional 1,079,056 shares during the last quarter. M&T Bank Corp boosted its holdings in U.S. Bancorp by 36.9% in the 4th quarter. M&T Bank Corp now owns 1,158,848 shares of the financial services provider's stock worth $55,427,000 after buying an additional 312,504 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in U.S. Bancorp by 11.3% in the 4th quarter. D.A. Davidson & CO. now owns 380,767 shares of the financial services provider's stock worth $18,212,000 after buying an additional 38,802 shares during the last quarter. Finally, Swedbank AB boosted its holdings in U.S. Bancorp by 2.4% in the 4th quarter. Swedbank AB now owns 554,489 shares of the financial services provider's stock worth $26,521,000 after buying an additional 13,223 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

USB has been the topic of several research analyst reports. Wall Street Zen cut U.S. Bancorp from a "hold" rating to a "sell" rating in a report on Friday. Cowen initiated coverage on U.S. Bancorp in a report on Wednesday, May 14th. They issued a "buy" rating on the stock. DA Davidson lowered their price objective on U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Barclays lowered their target price on U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods cut their price target on U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating for the company in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, U.S. Bancorp presently has an average rating of "Moderate Buy" and a consensus target price of $50.89.

U.S. Bancorp Trading Down 0.4%

Shares of USB stock traded down $0.16 during trading on Friday, hitting $43.60. 9,784,874 shares of the stock traded hands, compared to its average volume of 9,099,900. The firm has a market capitalization of $67.93 billion, a P/E ratio of 11.50, a price-to-earnings-growth 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. The firm's fifty day moving average price is $41.00 and its 200-day moving average price is $45.62. 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 released its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating 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 net margin of 14.75% and a return on equity of 12.94%. During the same quarter in the previous year, the company earned $0.78 EPS. As a group, research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date was Monday, March 31st. U.S. Bancorp's payout ratio is 49.50%.

Insider Buying and Selling at U.S. Bancorp

In other 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 price of $37.32 per share, with a total value of $186,600.00. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at $559,800. This trade represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.23% of the stock is owned by corporate insiders.

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.