U.S. Bancorp (NYSE:USB) Shares Purchased by Perennial Advisors LLC

Perennial Advisors LLC lifted its position in U.S. Bancorp (NYSE:USB - Free Report) by 7.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 99,723 shares of the financial services provider's stock after buying an additional 7,241 shares during the period. Perennial Advisors LLC's holdings in U.S. Bancorp were worth $4,211,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on USB shares. Raymond James reaffirmed an "outperform" rating and set a $51.00 price target (down previously from $57.00) on shares of U.S. Bancorp in a research report on Thursday, April 17th. The Goldman Sachs Group boosted their price objective on U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a research report on Tuesday. Wall Street Zen lowered shares of U.S. Bancorp from a "hold" rating to a "sell" rating in a report on Saturday. Barclays lowered their target price on shares of U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Cowen initiated coverage on U.S. Bancorp in a research report on Wednesday, May 14th. They set a "buy" rating for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, U.S. Bancorp currently has a consensus rating of "Moderate Buy" and an average price target of $50.72.

Insiders Place Their Bets

In related news, Director Aleem Gillani purchased 5,000 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was acquired at an average price of $37.32 per share, with a total value of $186,600.00. Following the completion of the transaction, the director now owns 15,000 shares of the company's stock, valued at $559,800. This represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is currently owned by insiders.

U.S. Bancorp Trading Down 2.3%

NYSE:USB traded down $1.03 during mid-day trading on Wednesday, reaching $44.21. The company's stock had a trading volume of 10,995,153 shares, compared to its average volume of 9,056,856. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The stock has a market cap of $68.87 billion, a P/E ratio of 11.66, a P/E/G ratio of 1.73 and a beta of 0.99. The company's fifty day simple moving average is $41.31 and its two-hundred day simple moving average is $45.27. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last released 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 business 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 14.75% and a return on equity of 12.94%. During the same period last year, the company earned $0.78 earnings per share. On average, equities analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

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.