International Assets Investment Management LLC Buys 11,278 Shares of U.S. Bancorp (NYSE:USB)

International Assets Investment Management LLC raised its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 53.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,546 shares of the financial services provider's stock after purchasing an additional 11,278 shares during the period. International Assets Investment Management LLC's holdings in U.S. Bancorp were worth $1,374,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp bought a new stake in U.S. Bancorp in the 4th quarter worth approximately $26,000. Picton Mahoney Asset Management purchased a new stake in shares of U.S. Bancorp in the 4th quarter valued at $30,000. Millstone Evans Group LLC bought a new position in shares of U.S. Bancorp during the 4th quarter valued at $31,000. REAP Financial Group LLC grew its holdings in shares of U.S. Bancorp by 86.1% during the 4th 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. Finally, Murphy & Mullick Capital Management Corp purchased a new position in U.S. Bancorp in the 4th quarter worth $32,000. Institutional investors own 77.60% of the company's stock.

Insiders Place Their Bets

In other U.S. Bancorp news, Director Aleem Gillani acquired 5,000 shares of the stock in a transaction dated Monday, April 21st. The shares were purchased at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the purchase, the director now directly owns 15,000 shares of the company's stock, valued at approximately $559,800. This trade represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

USB has been the topic of several analyst reports. Wolfe Research upgraded U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 price objective on the stock in a report on Thursday, April 3rd. DA Davidson lowered their price objective on U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Keefe, Bruyette & Woods cut 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. Piper Sandler lowered their price target on shares of U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, Barclays cut their price target on shares of U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, U.S. Bancorp presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.72.

U.S. Bancorp Stock Performance

USB traded up $0.82 during midday trading on Thursday, hitting $45.64. 13,401,309 shares of the company traded hands, compared to its average volume of 9,213,409. The company's 50-day moving average is $42.63 and its 200 day moving average is $44.62. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $71.11 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 1.68 and a beta of 0.99. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.06. The company had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $6.92 billion. U.S. Bancorp had a net margin of 15.70% and a return on equity of 13.02%. During the same quarter last year, the company posted $0.78 earnings per share. On average, research analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date is 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.