Toronto Dominion Bank Has $39.92 Million Holdings in U.S. Bancorp (NYSE:USB)

Toronto Dominion Bank raised its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 59.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 834,610 shares of the financial services provider's stock after purchasing an additional 310,031 shares during the period. Toronto Dominion Bank owned about 0.05% of U.S. Bancorp worth $39,919,000 as of its most recent SEC filing.

Other institutional investors 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 during the fourth quarter valued at $26,000. FPC Investment Advisory Inc. bought a new stake in U.S. Bancorp during the fourth quarter valued at $28,000. Stonebridge Financial Group LLC bought a new stake in U.S. Bancorp during the fourth quarter valued at $30,000. Picton Mahoney Asset Management bought a new stake in U.S. Bancorp during the fourth quarter valued at $30,000. Finally, Millstone Evans Group LLC bought a new stake in U.S. Bancorp during the fourth quarter valued at $31,000. Institutional investors own 77.60% of the company's stock.

U.S. Bancorp Price Performance

NYSE USB traded down $0.16 on Friday, reaching $43.60. The company's stock had a trading volume of 9,784,874 shares, compared to its average volume of 9,099,900. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The stock has a market cap of $67.93 billion, a PE ratio of 11.50, a PEG ratio of 1.73 and a beta of 0.97. The firm's 50 day moving average is $41.00 and its two-hundred day moving average is $45.58.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.06. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the prior year, the company earned $0.78 EPS. As a group, sell-side analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp's payout ratio is 49.50%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on USB shares. Bank of America reduced their price target on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a report on Monday, March 17th. TD Cowen started coverage on shares of U.S. Bancorp in a report on Thursday, May 15th. They set a "buy" rating and a $60.00 price target for the company. Wolfe Research raised shares of U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 price target for the company in a report on Thursday, April 3rd. DA Davidson reduced their price target on shares of U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, Oppenheimer boosted their price target on shares of U.S. Bancorp from $57.00 to $59.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, U.S. Bancorp currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.89.

Insider Buying and Selling at U.S. Bancorp

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 stock was bought at an average cost of $37.32 per share, with a total value of $186,600.00. Following the acquisition, the director now owns 15,000 shares of the company's stock, valued at $559,800. The trade was a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.23% of the stock is owned by corporate 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.