Larson Financial Group LLC Buys 9,974 Shares of U.S. Bancorp (NYSE:USB)

Larson Financial Group LLC lifted its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 63.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,603 shares of the financial services provider's stock after buying an additional 9,974 shares during the quarter. Larson Financial Group LLC's holdings in U.S. Bancorp were worth $1,081,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Westend Capital Management LLC bought a new position in U.S. Bancorp during the 1st quarter worth approximately $27,000. YANKCOM Partnership lifted its stake in U.S. Bancorp by 59.4% in the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock valued at $29,000 after buying an additional 260 shares in the last quarter. Alpine Bank Wealth Management bought a new position in U.S. Bancorp in the first quarter valued at approximately $30,000. Millstone Evans Group LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $31,000. Finally, REAP Financial Group LLC raised its holdings in shares of U.S. Bancorp by 86.1% in the fourth quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 297 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

Insider Buying and Selling

In related news, Director Aleem Gillani purchased 5,000 shares of U.S. Bancorp stock in a transaction on Monday, April 21st. The stock was acquired at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the transaction, the director directly owned 15,000 shares in the company, valued at $559,800. This represents a 50.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on USB. DA Davidson lowered their price objective on shares of U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. restated an "underweight" rating and set a $43.50 target price (down from $51.00) on shares of U.S. Bancorp in a report on Thursday, April 3rd. Keefe, Bruyette & Woods lowered their target price on shares of U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating on the stock in a report on Thursday, April 17th. Wolfe Research upgraded shares of U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price on the stock in a report on Thursday, April 3rd. Finally, Royal Bank Of Canada lowered their target price on shares of U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $51.70.

U.S. Bancorp Stock Performance

Shares of NYSE:USB traded down $0.44 during midday trading on Thursday, reaching $45.24. 25,241,470 shares of the company's stock traded hands, compared to its average volume of 9,499,939. The company has a market cap of $70.48 billion, a price-to-earnings ratio of 11.20, a P/E/G ratio of 1.76 and a beta of 0.99. 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 one year low of $35.18 and a one year high of $53.98. The stock has a 50 day moving average of $44.68 and a 200 day moving average of $44.33.

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, beating analysts' consensus estimates of $1.07 by $0.04. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. The firm had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the prior year, the company posted $0.98 earnings per share. The company's quarterly revenue was up 2.0% on a year-over-year basis. As a group, equities research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend was Monday, June 30th. U.S. Bancorp's dividend payout ratio is 49.50%.

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.