U.S. Bancorp (NYSE:USB) Stock Position Increased by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its holdings in U.S. Bancorp by 10.7%, now owning approximately 0.29% of the company, valued at $191.55 million.
• U.S. Bancorp recently reported an EPS of $1.11, exceeding estimates and showing a 2.0% increase in revenue compared to the previous year.
• The company's quarterly dividend is $0.50 per share, yielding 4.5%, with a payout ratio of 47.85%.

Deutsche Bank AG lifted its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 10.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,536,979 shares of the financial services provider's stock after acquiring an additional 439,965 shares during the period. Deutsche Bank AG owned 0.29% of U.S. Bancorp worth $191,551,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC increased its holdings in shares of U.S. Bancorp by 323.0% in the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider's stock valued at $2,309,000 after purchasing an additional 36,863 shares during the period. FIL Ltd grew its holdings in U.S. Bancorp by 42.0% in the fourth quarter. FIL Ltd now owns 28,872 shares of the financial services provider's stock valued at $1,381,000 after purchasing an additional 8,542 shares during the last quarter. Bank of Nova Scotia grew its holdings in U.S. Bancorp by 35.3% in the fourth quarter. Bank of Nova Scotia now owns 321,218 shares of the financial services provider's stock valued at $15,364,000 after purchasing an additional 83,725 shares during the last quarter. Advisory Services Network LLC raised its position in shares of U.S. Bancorp by 28.3% during the 4th quarter. Advisory Services Network LLC now owns 63,334 shares of the financial services provider's stock worth $3,029,000 after purchasing an additional 13,953 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of U.S. Bancorp by 1.3% during the fourth quarter. Bessemer Group Inc. now owns 155,781 shares of the financial services provider's stock valued at $7,451,000 after acquiring an additional 1,952 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

U.S. Bancorp Stock Up 2.7%

NYSE USB traded up $1.22 during mid-day trading on Tuesday, reaching $45.78. 8,836,568 shares of the company's stock traded hands, compared to its average volume of 10,728,921. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The company has a fifty day simple moving average of $45.29 and a 200-day simple moving average of $43.86. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.16. The company has a market cap of $71.24 billion, a price-to-earnings ratio of 10.95, a P/E/G ratio of 1.41 and a beta of 1.01.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.04. The business had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $7.07 billion. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%. The business's revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted $0.98 EPS. As a group, equities research analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.00 annualized dividend and a yield of 4.4%. U.S. Bancorp's payout ratio is presently 47.85%.

Analyst Ratings Changes

Several equities analysts recently weighed in on USB shares. The Goldman Sachs Group increased their target price on U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 10th. TD Cowen initiated coverage on U.S. Bancorp in a report on Thursday, May 15th. They issued a "buy" rating and a $60.00 price objective on the stock. Morgan Stanley raised their price objective on U.S. Bancorp from $51.00 to $52.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Oppenheimer raised their price objective on U.S. Bancorp from $66.00 to $67.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, DA Davidson raised their price objective on U.S. Bancorp from $49.00 to $52.00 and gave the stock a "buy" rating in a report on Monday, July 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, U.S. Bancorp presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.55.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp stock in a transaction on Monday, July 21st. The stock was sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the sale, the executive vice president owned 70,346 shares of the company's stock, valued at $3,259,833.64. The trade was a 25.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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.