Tidal Investments LLC Purchases 11,769 Shares of U.S. Bancorp (NYSE:USB)

Tidal Investments LLC grew its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 21.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,207 shares of the financial services provider's stock after buying an additional 11,769 shares during the quarter. Tidal Investments LLC's holdings in U.S. Bancorp were worth $3,167,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of USB. Pure Financial Advisors LLC lifted its position in shares of U.S. Bancorp by 8.0% during the 4th quarter. Pure Financial Advisors LLC now owns 6,988 shares of the financial services provider's stock worth $334,000 after buying an additional 519 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of U.S. Bancorp by 8.3% in the 4th quarter. Ballentine Partners LLC now owns 21,642 shares of the financial services provider's stock worth $1,035,000 after purchasing an additional 1,666 shares during the period. Atomi Financial Group Inc. raised its holdings in shares of U.S. Bancorp by 16.6% in the 4th quarter. Atomi Financial Group Inc. now owns 28,019 shares of the financial services provider's stock worth $1,340,000 after purchasing an additional 3,980 shares during the period. Simon Quick Advisors LLC raised its holdings in shares of U.S. Bancorp by 7.0% in the 4th quarter. Simon Quick Advisors LLC now owns 6,057 shares of the financial services provider's stock worth $290,000 after purchasing an additional 398 shares during the period. Finally, Genesis Private Wealth LLC bought a new stake in shares of U.S. Bancorp in the 4th quarter worth approximately $353,000. Institutional investors own 77.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Morgan Stanley lowered their price target on shares of U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Barclays reduced their price objective on shares of U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Bank of America reduced their price objective on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a research note on Monday, March 17th. DA Davidson reduced their price objective 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. Finally, Oppenheimer lifted their price objective on shares of U.S. Bancorp from $57.00 to $59.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $50.89.

U.S. Bancorp Stock Down 3.5%

USB opened at $42.88 on Thursday. The stock has a market cap of $66.80 billion, a PE ratio of 11.31, a P/E/G ratio of 1.73 and a beta of 0.97. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The business's fifty day simple moving average is $40.94 and its 200 day simple moving average is $45.93.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.06. The business had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $6.92 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. During the same quarter in the prior year, the firm earned $0.78 earnings per share. As a group, research analysts expect 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. Investors of record on Monday, March 31st were paid a $0.50 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.66%. U.S. Bancorp's dividend payout ratio is presently 49.50%.

Insider Activity 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 shares were acquired at an average price of $37.32 per share, with a total value of $186,600.00. Following the completion of the purchase, the director now directly owns 15,000 shares in the company, valued at $559,800. The trade was a 50.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.23% of the stock is owned by 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.

Want to see what other hedge funds are holding USB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Bancorp (NYSE:USB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.