Stockman Wealth Management Inc. Boosts Stock Holdings in U.S. Bancorp (NYSE:USB)

Stockman Wealth Management Inc. grew its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 6.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 275,338 shares of the financial services provider's stock after purchasing an additional 16,965 shares during the quarter. U.S. Bancorp comprises approximately 1.7% of Stockman Wealth Management Inc.'s investment portfolio, making the stock its 21st largest position. Stockman Wealth Management Inc.'s holdings in U.S. Bancorp were worth $11,625,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of USB. Vanguard Group Inc. increased its holdings in shares of U.S. Bancorp by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider's stock valued at $6,640,569,000 after acquiring an additional 1,079,056 shares in the last quarter. FMR LLC increased its stake in U.S. Bancorp by 5.0% during the 4th quarter. FMR LLC now owns 67,125,746 shares of the financial services provider's stock valued at $3,210,624,000 after purchasing an additional 3,211,815 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in U.S. Bancorp by 5.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 49,789,725 shares of the financial services provider's stock valued at $2,381,443,000 after purchasing an additional 2,460,845 shares in the last quarter. Geode Capital Management LLC raised its holdings in U.S. Bancorp by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 33,937,360 shares of the financial services provider's stock worth $1,618,948,000 after buying an additional 850,763 shares during the last quarter. Finally, Amundi lifted its stake in shares of U.S. Bancorp by 7.4% in the fourth quarter. Amundi now owns 19,485,615 shares of the financial services provider's stock valued at $945,268,000 after buying an additional 1,341,407 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on USB. Oppenheimer increased their price objective on U.S. Bancorp from $57.00 to $59.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. DA Davidson reduced their target price on shares of U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Royal Bank of Canada dropped their price target on shares of U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Cowen started coverage on U.S. Bancorp in a research report on Wednesday, May 14th. They issued a "buy" rating on the stock. Finally, Wolfe Research upgraded U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price on the stock in a research note on Thursday, April 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, U.S. Bancorp currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.72.

Insider Activity

In other news, Director Aleem Gillani bought 5,000 shares of U.S. Bancorp stock in a transaction that occurred on Monday, April 21st. The stock was bought at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the purchase, the director now directly owns 15,000 shares of the company's stock, valued at approximately $559,800. The trade was a 50.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.23% of the company's stock.

U.S. Bancorp Trading Up 0.4%

Shares of NYSE:USB traded up $0.15 during trading hours on Monday, hitting $43.14. 14,245,517 shares of the company's stock traded hands, compared to its average volume of 9,090,718. The firm has a market capitalization of $67.22 billion, a P/E ratio of 11.38, a price-to-earnings-growth ratio of 1.73 and a beta of 0.99. The business has a fifty day moving average price of $41.74 and a 200-day moving average price of $45.01. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. 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 (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. 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 during the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the previous year, the business earned $0.78 earnings per share. Equities analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

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.