Boston Trust Walden Corp Raises Position in U.S. Bancorp (NYSE:USB)

Boston Trust Walden Corp raised its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 38.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 255,996 shares of the financial services provider's stock after purchasing an additional 70,967 shares during the period. Boston Trust Walden Corp's holdings in U.S. Bancorp were worth $10,808,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its position in shares of U.S. Bancorp by 323.0% in the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider's stock worth $2,309,000 after acquiring an additional 36,863 shares in the last quarter. J.W. Cole Advisors Inc. grew its position in U.S. Bancorp by 6.3% in the 4th quarter. J.W. Cole Advisors Inc. now owns 15,146 shares of the financial services provider's stock valued at $724,000 after purchasing an additional 894 shares during the period. Venturi Wealth Management LLC increased its position in shares of U.S. Bancorp by 310.3% during the fourth quarter. Venturi Wealth Management LLC now owns 7,911 shares of the financial services provider's stock worth $378,000 after acquiring an additional 5,983 shares in the last quarter. Atria Wealth Solutions Inc. increased its holdings in U.S. Bancorp by 24.0% during the 4th quarter. Atria Wealth Solutions Inc. now owns 69,160 shares of the financial services provider's stock worth $3,323,000 after purchasing an additional 13,396 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in U.S. Bancorp by 0.7% during the fourth quarter. New York State Common Retirement Fund now owns 1,943,456 shares of the financial services provider's stock worth $92,956,000 after buying an additional 14,000 shares in the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Trading Up 0.2%

USB traded up $0.07 on Friday, hitting $43.34. 21,354,696 shares of the company were exchanged, compared to its average volume of 9,199,776. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.80. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The firm has a fifty day simple moving average of $42.25 and a two-hundred day simple moving average of $44.78. The stock has a market capitalization of $67.53 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.62 and a beta of 0.99.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, topping the consensus estimate 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 company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the previous year, the firm earned $0.78 earnings per share. Sell-side analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.61%. The ex-dividend date is Monday, June 30th. U.S. Bancorp's dividend payout ratio (DPR) is 49.50%.

Insider Activity

In other U.S. Bancorp news, Director Aleem Gillani bought 5,000 shares of the firm's 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 completion of the acquisition, 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 document filed with the SEC, which is available at this hyperlink. Insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on USB shares. Cowen initiated coverage on shares of U.S. Bancorp in a research report on Wednesday, May 14th. They set a "buy" rating on the stock. Wells Fargo & Company reduced their target price on shares of U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Citigroup dropped their price objective on U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Raymond James Financial reissued an "outperform" rating and issued a $51.00 price target (down from $57.00) on shares of U.S. Bancorp in a report on Thursday, April 17th. Finally, Barclays decreased their target price on U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, U.S. Bancorp presently has an average rating of "Moderate Buy" and a consensus price target of $50.72.

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.