Teacher Retirement System of Texas Acquires 33,457 Shares of U.S. Bancorp (NYSE:USB)

Teacher Retirement System of Texas grew its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 10.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 355,201 shares of the financial services provider's stock after acquiring an additional 33,457 shares during the period. Teacher Retirement System of Texas' holdings in U.S. Bancorp were worth $14,997,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Covestor Ltd raised its position in shares of U.S. Bancorp by 12.3% in the 4th quarter. Covestor Ltd now owns 1,955 shares of the financial services provider's stock worth $94,000 after purchasing an additional 214 shares during the last quarter. TrinityPoint Wealth LLC grew its position in U.S. Bancorp by 2.3% during the 4th quarter. TrinityPoint Wealth LLC now owns 10,355 shares of the financial services provider's stock valued at $495,000 after purchasing an additional 231 shares during the last quarter. CoreCap Advisors LLC increased its stake in U.S. Bancorp by 36.6% during the 4th quarter. CoreCap Advisors LLC now owns 904 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 242 shares in the last quarter. Aaron Wealth Advisors LLC raised its holdings in U.S. Bancorp by 3.3% in the first quarter. Aaron Wealth Advisors LLC now owns 8,190 shares of the financial services provider's stock worth $346,000 after buying an additional 262 shares during the last quarter. Finally, Gotham Asset Management LLC raised its holdings in U.S. Bancorp by 0.9% in the fourth quarter. Gotham Asset Management LLC now owns 32,696 shares of the financial services provider's stock worth $1,564,000 after buying an additional 281 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company's stock.

U.S. Bancorp Stock Performance

Shares of USB traded up $0.24 on Friday, reaching $47.73. The company's stock had a trading volume of 7,036,266 shares, compared to its average volume of 9,331,398. The stock's 50 day simple moving average is $43.70 and its two-hundred day simple moving average is $44.41. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $74.36 billion, a P/E ratio of 11.81, a PEG ratio of 1.80 and a beta of 0.99. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings data 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 net margin of 15.70% and a return on equity of 13.02%. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. Research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Monday, June 30th. U.S. Bancorp's dividend payout ratio (DPR) is currently 49.50%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of U.S. Bancorp from $50.00 to $51.00 and gave the company an "overweight" rating in a research report on Thursday. Citigroup increased their target price on U.S. Bancorp from $55.00 to $59.00 and gave the company a "buy" rating in a research note on Wednesday. Oppenheimer boosted their price target 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. Cowen started coverage on U.S. Bancorp in a report on Wednesday, May 14th. They set a "buy" rating on the stock. Finally, Royal Bank Of Canada dropped their price objective on 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $51.34.

Insider Buying and Selling at U.S. Bancorp

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 cost of $37.32 per share, with a total value of $186,600.00. Following the acquisition, the director owned 15,000 shares of the company's stock, valued at $559,800. The trade was a 50.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.23% of the stock is currently owned by insiders.

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.