U.S. Bancorp (NYSE:USB) Shares Acquired by Allied Investment Advisors LLC

Allied Investment Advisors LLC lifted its stake in U.S. Bancorp (NYSE:USB - Free Report) by 4.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 234,965 shares of the financial services provider's stock after buying an additional 10,953 shares during the quarter. U.S. Bancorp makes up about 1.9% of Allied Investment Advisors LLC's investment portfolio, making the stock its 29th largest position. Allied Investment Advisors LLC's holdings in U.S. Bancorp were worth $9,920,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. J.Safra Asset Management Corp purchased a new stake in U.S. Bancorp in the 4th quarter worth $26,000. FPC Investment Advisory Inc. bought a new stake in shares of U.S. Bancorp in the fourth quarter worth about $28,000. Stonebridge Financial Group LLC purchased a new stake in shares of U.S. Bancorp in the fourth quarter worth about $30,000. Picton Mahoney Asset Management purchased a new position in U.S. Bancorp during the 4th quarter valued at approximately $30,000. Finally, Millstone Evans Group LLC bought a new stake in U.S. Bancorp in the 4th quarter worth approximately $31,000. Institutional investors own 77.60% of the company's stock.

U.S. Bancorp Stock Up 1.8%

Shares of NYSE:USB traded up $0.77 during trading hours on Tuesday, hitting $44.39. The company's stock had a trading volume of 10,105,550 shares, compared to its average volume of 9,092,187. The firm's fifty day moving average price is $41.00 and its 200 day moving average price is $45.51. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The company has a market capitalization of $69.16 billion, a price-to-earnings ratio of 11.71, a P/E/G ratio of 1.73 and a beta of 0.97. 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 issued its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.06. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. During the same quarter in the previous year, the firm posted $0.78 earnings per share. As a group, research analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.50 per share. The ex-dividend date was Monday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.51%. U.S. Bancorp's dividend payout ratio (DPR) is presently 49.50%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. TD Cowen began coverage on U.S. Bancorp in a research report on Thursday, May 15th. They set a "buy" rating and a $60.00 target price for the company. Raymond James reissued an "outperform" rating and issued a $51.00 price objective (down from $57.00) on shares of U.S. Bancorp in a research note on Thursday, April 17th. Oppenheimer boosted their target price on shares of U.S. Bancorp from $57.00 to $59.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Barclays lowered their price target on shares of U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, The Goldman Sachs Group reduced their price objective on U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.89.

Insider Activity at U.S. Bancorp

In other news, Director Aleem Gillani purchased 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, with a total value of $186,600.00. Following the completion of the acquisition, the director now owns 15,000 shares of the company's stock, valued at $559,800. This trade represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.23% of the stock is currently owned by corporate insiders.

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.