U.S. Bancorp (NYSE:USB) Shares Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC boosted its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 25.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 312,513 shares of the financial services provider's stock after acquiring an additional 64,134 shares during the quarter. Wealthfront Advisers LLC's holdings in U.S. Bancorp were worth $13,194,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Westend Capital Management LLC acquired a new stake in U.S. Bancorp during the first quarter worth $27,000. YANKCOM Partnership increased its stake in U.S. Bancorp by 59.4% during the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock worth $29,000 after acquiring an additional 260 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in U.S. Bancorp during the fourth quarter worth $30,000. Alpine Bank Wealth Management acquired a new stake in U.S. Bancorp during the first quarter worth $30,000. Finally, Millstone Evans Group LLC acquired a new stake in U.S. Bancorp during the fourth quarter worth $31,000. Institutional investors and hedge funds own 77.60% of the company's stock.

Insiders Place Their Bets

In other U.S. Bancorp news, Director Aleem Gillani purchased 5,000 shares of the business's stock in a transaction on Monday, April 21st. The shares were bought at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the purchase, the director directly owned 15,000 shares in the company, valued at approximately $559,800. This represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Stock Up 0.6%

NYSE:USB traded up $0.27 during midday trading on Friday, reaching $45.48. The company had a trading volume of 5,536,824 shares, compared to its average volume of 9,485,986. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $70.85 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 1.76 and a beta of 0.99. The stock's fifty day simple moving average is $44.74 and its 200-day simple moving average is $44.31.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share 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 company had revenue of $7.06 billion for the quarter, compared to analysts' expectations of $7.07 billion. During the same period last year, the firm earned $0.98 earnings per share. U.S. Bancorp's quarterly revenue was up 2.0% on a year-over-year basis. On average, sell-side analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend was Monday, June 30th. U.S. Bancorp's dividend payout ratio is presently 49.50%.

Analyst Upgrades and Downgrades

USB has been the topic of a number of research reports. Royal Bank Of Canada decreased their price target on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. The Goldman Sachs Group upped their price target on U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 10th. Keefe, Bruyette & Woods decreased their price target on U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating on the stock in a research note on Thursday, April 17th. JPMorgan Chase & Co. restated an "underweight" rating and set a $43.50 price target (down from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. Finally, Citigroup upped their price target on U.S. Bancorp from $55.00 to $59.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.07.

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.