Stockman Wealth Management Inc. Buys 16,965 Shares of U.S. Bancorp (NYSE:USB)

Stockman Wealth Management Inc. increased its stake in U.S. Bancorp (NYSE:USB - Free Report) by 6.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 275,338 shares of the financial services provider's stock after acquiring an additional 16,965 shares during the period. U.S. Bancorp comprises about 1.7% of Stockman Wealth Management Inc.'s holdings, making the stock its 21st largest holding. Stockman Wealth Management Inc.'s holdings in U.S. Bancorp were worth $11,625,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted 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 period. FMR LLC raised its holdings in shares of U.S. Bancorp by 5.0% during the fourth quarter. FMR LLC now owns 67,125,746 shares of the financial services provider's stock valued at $3,210,624,000 after acquiring an additional 3,211,815 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of U.S. Bancorp by 5.2% during the fourth 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 acquiring an additional 2,460,845 shares in the last quarter. Geode Capital Management LLC lifted its stake in U.S. Bancorp by 2.6% in 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 acquiring an additional 850,763 shares during the period. Finally, Amundi boosted its holdings in 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 acquiring an additional 1,341,407 shares in the last quarter. Institutional investors own 77.60% of the company's stock.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani bought 5,000 shares of the business's stock in a transaction on Monday, April 21st. The shares were acquired at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the purchase, the director now owns 15,000 shares in the company, valued at approximately $559,800. This trade represents a 50.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on USB. Wells Fargo & Company decreased their price objective on shares of U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Raymond James Financial reaffirmed an "outperform" rating and issued a $51.00 target price (down from $57.00) on shares of U.S. Bancorp in a research report on Thursday, April 17th. Evercore ISI raised their target price on shares of U.S. Bancorp from $44.00 to $49.00 and gave the stock an "in-line" rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $43.50 target price (down from $51.00) on shares of U.S. Bancorp in a research report on Thursday, April 3rd. Finally, The Goldman Sachs Group raised their target price on shares of U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, U.S. Bancorp currently has an average rating of "Moderate Buy" and a consensus price target of $50.72.

U.S. Bancorp Stock Up 1.2%

NYSE USB traded up $0.51 during trading hours on Thursday, reaching $43.20. 12,696,450 shares of the company's stock traded hands, compared to its average volume of 9,137,199. The firm has a market cap of $67.30 billion, a PE ratio of 10.69, a PEG ratio of 1.60 and a beta of 0.99. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.80 and a quick ratio of 0.80. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98. The firm has a 50-day simple moving average of $42.02 and a 200 day simple moving average of $44.91.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.06. U.S. Bancorp had a net margin of 15.70% and a return on equity of 13.02%. The business had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same period last year, the business earned $0.78 EPS. Sell-side analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.63%. U.S. Bancorp's dividend payout ratio is 49.50%.

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.