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

Parkwood LLC boosted its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 42.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 283,417 shares of the financial services provider's stock after buying an additional 84,602 shares during the period. U.S. Bancorp makes up 1.5% of Parkwood LLC's investment portfolio, making the stock its 16th biggest holding. Parkwood LLC's holdings in U.S. Bancorp were worth $13,556,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Man Group plc grew its position in shares of U.S. Bancorp by 32.8% during the 4th quarter. Man Group plc now owns 48,258 shares of the financial services provider's stock valued at $2,308,000 after purchasing an additional 11,926 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its position in shares of U.S. Bancorp by 0.7% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 185,814 shares of the financial services provider's stock valued at $9,010,000 after purchasing an additional 1,299 shares in the last quarter. NorthRock Partners LLC grew its position in shares of U.S. Bancorp by 230.7% during the 4th quarter. NorthRock Partners LLC now owns 42,767 shares of the financial services provider's stock valued at $2,046,000 after purchasing an additional 29,835 shares in the last quarter. Occudo Quantitative Strategies LP purchased a new position in shares of U.S. Bancorp during the 4th quarter valued at $914,000. Finally, OMERS ADMINISTRATION Corp grew its position in shares of U.S. Bancorp by 20.1% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 64,965 shares of the financial services provider's stock valued at $3,107,000 after purchasing an additional 10,882 shares in the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Price Performance

Shares of NYSE USB traded up $0.34 during midday trading on Friday, reaching $44.92. The stock had a trading volume of 7,369,199 shares, compared to its average volume of 9,134,676. The stock has a 50-day moving average of $40.79 and a 200-day moving average of $46.02. 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 company has a market capitalization of $69.98 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.06. The company had revenue of $6.96 billion during 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 posted $0.78 earnings per share. As a group, research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.45%. U.S. Bancorp's dividend payout ratio is presently 49.50%.

Analyst Upgrades and Downgrades

USB has been the subject of a number of recent analyst reports. 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 research report on Thursday, April 17th. TD Cowen initiated coverage on shares of U.S. Bancorp in a research report on Thursday. They set a "buy" rating and a $60.00 price target for the company. Barclays dropped their price objective on shares of U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Raymond James reaffirmed an "outperform" rating and set a $51.00 price objective (down from $57.00) on shares of U.S. Bancorp in a report on Thursday, April 17th. Finally, Citigroup dropped their price objective on shares of U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating for the company in a report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, U.S. Bancorp currently has a consensus rating of "Moderate Buy" and an average target price of $50.89.

Insider Buying and Selling

In other U.S. Bancorp news, Director Aleem Gillani purchased 5,000 shares of U.S. Bancorp stock in a transaction dated Monday, April 21st. The stock was acquired at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the acquisition, the director now owns 15,000 shares in the company, valued at $559,800. This trade represents a 50.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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.