U.S. Bancorp (NYSE:USB) Shares Bought by Raymond James & Associates

Raymond James & Associates increased its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 1.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,491,825 shares of the financial services provider's stock after purchasing an additional 50,495 shares during the quarter. Raymond James & Associates owned approximately 0.22% of U.S. Bancorp worth $156,085,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its position in U.S. Bancorp by 7,110.4% during the third quarter. Exchange Traded Concepts LLC now owns 3,461 shares of the financial services provider's stock worth $114,000 after acquiring an additional 3,413 shares during the last quarter. Oak Thistle LLC acquired a new stake in shares of U.S. Bancorp during the third quarter worth $366,000. Handelsbanken Fonder AB increased its stake in U.S. Bancorp by 3.0% in the third quarter. Handelsbanken Fonder AB now owns 385,766 shares of the financial services provider's stock valued at $12,753,000 after purchasing an additional 11,101 shares during the last quarter. Simplicity Solutions LLC lifted its position in U.S. Bancorp by 4.6% during the third quarter. Simplicity Solutions LLC now owns 36,546 shares of the financial services provider's stock worth $1,208,000 after buying an additional 1,612 shares during the period. Finally, Golden State Equity Partners boosted its stake in U.S. Bancorp by 9.3% in the 3rd quarter. Golden State Equity Partners now owns 24,099 shares of the financial services provider's stock worth $797,000 after buying an additional 2,043 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on USB. Evercore ISI upped their price objective on shares of U.S. Bancorp from $46.00 to $48.00 and gave the company an "in-line" rating in a research note on Thursday, March 28th. Oppenheimer cut their price target on shares of U.S. Bancorp from $55.00 to $54.00 and set an "outperform" rating on the stock in a research note on Thursday, April 18th. Royal Bank of Canada boosted their price objective on shares of U.S. Bancorp from $43.00 to $47.00 and gave the company an "outperform" rating in a research note on Thursday, January 18th. UBS Group reduced their target price on U.S. Bancorp from $47.00 to $43.00 and set a "neutral" rating on the stock in a report on Friday, April 19th. Finally, Morgan Stanley upped their price target on U.S. Bancorp from $44.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, U.S. Bancorp presently has an average rating of "Hold" and a consensus target price of $46.14.

U.S. Bancorp Stock Up 0.4 %

Shares of U.S. Bancorp stock traded up $0.18 on Monday, hitting $41.30. 4,648,438 shares of the company's stock traded hands, compared to its average volume of 8,657,484. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07. The firm's 50-day moving average is $42.34 and its 200 day moving average is $40.28. The stock has a market cap of $64.35 billion, a P/E ratio of 13.68, a PEG ratio of 2.13 and a beta of 1.05. U.S. Bancorp has a 52-week low of $27.27 and a 52-week high of $45.85.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.01. The firm had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The firm's revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.16 EPS. Equities analysts anticipate that U.S. Bancorp will post 3.86 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend was Wednesday, March 27th. U.S. Bancorp's dividend payout ratio is presently 64.90%.

Insider Transactions at U.S. Bancorp

In related news, EVP James L. Chosy sold 21,582 shares of the company's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the sale, the executive vice president now directly owns 164,880 shares of the company's stock, valued at approximately $6,837,573.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP James L. Chosy sold 21,582 shares of the business's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the sale, the executive vice president now owns 164,880 shares of the company's stock, valued at approximately $6,837,573.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Terrance R. Dolan sold 26,583 shares of the firm's stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the transaction, the insider now directly owns 144,236 shares in the company, valued at approximately $6,255,515.32. The disclosure for this sale can be found here. Insiders own 0.23% of the company's stock.

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.

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