Silvercrest Asset Management Group LLC Raises Position in U.S. Bancorp (NYSE:USB)

Silvercrest Asset Management Group LLC lifted its position in U.S. Bancorp (NYSE:USB - Free Report) by 1,118.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 295,085 shares of the financial services provider's stock after acquiring an additional 270,876 shares during the period. Silvercrest Asset Management Group LLC's holdings in U.S. Bancorp were worth $14,114,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in USB. FIL Ltd raised its holdings in U.S. Bancorp by 42.0% in the fourth quarter. FIL Ltd now owns 28,872 shares of the financial services provider's stock worth $1,381,000 after purchasing an additional 8,542 shares in the last quarter. Vanguard Group Inc. grew its position in shares of 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 period. M&T Bank Corp increased its stake in shares of 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 acquiring an additional 312,504 shares in the last quarter. D.A. Davidson & CO. lifted its position in U.S. Bancorp by 11.3% during the 4th quarter. D.A. Davidson & CO. now owns 380,767 shares of the financial services provider's stock valued at $18,212,000 after acquiring an additional 38,802 shares during the period. Finally, Swedbank AB boosted its stake in U.S. Bancorp by 2.4% during the fourth quarter. Swedbank AB now owns 554,489 shares of the financial services provider's stock worth $26,521,000 after acquiring an additional 13,223 shares in the last quarter. Institutional investors own 77.60% of the company's stock.

Insider Activity at U.S. Bancorp

In other news, Director Aleem Gillani bought 5,000 shares of the company's stock in a transaction on Monday, April 21st. The shares were acquired at an average cost of $37.32 per share, with a total value of $186,600.00. Following the completion of the transaction, the director now owns 15,000 shares of the company's stock, valued at approximately $559,800. This trade represents a 50.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.23% of the stock is owned by company insiders.

U.S. Bancorp Stock Performance

Shares of USB stock traded down $0.46 during trading hours on Friday, reaching $42.66. The company had a trading volume of 1,407,988 shares, compared to its average volume of 10,716,980. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The business has a fifty day moving average price of $40.96 and a 200-day moving average price of $45.90. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The firm has a market cap 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.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The company had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $6.92 billion. During the same quarter last year, the company posted $0.78 earnings per share. Sell-side analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.69%. U.S. Bancorp's dividend payout ratio (DPR) is currently 49.50%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wolfe Research raised shares of U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price for the company in a research note on Thursday, April 3rd. Barclays cut their price target on U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Cowen began coverage on U.S. Bancorp in a research note on Wednesday, May 14th. They set a "buy" rating for the company. Bank of America cut their target price on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Finally, DA Davidson lowered 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. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the company 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.