Rafferty Asset Management LLC Raises Holdings in U.S. Bancorp (NYSE:USB)

Rafferty Asset Management LLC boosted its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 550,391 shares of the financial services provider's stock after purchasing an additional 21,340 shares during the period. Rafferty Asset Management LLC's holdings in U.S. Bancorp were worth $26,325,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raiffeisen Bank International AG purchased a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $518,000. Polar Capital Holdings Plc bought a new stake in shares of U.S. Bancorp in the 4th quarter worth approximately $12,290,000. ProShare Advisors LLC boosted its position in shares of U.S. Bancorp by 11.5% in the 4th quarter. ProShare Advisors LLC now owns 334,288 shares of the financial services provider's stock worth $15,989,000 after purchasing an additional 34,371 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of U.S. Bancorp by 27.5% in the 4th quarter. Quantinno Capital Management LP now owns 120,997 shares of the financial services provider's stock worth $5,787,000 after purchasing an additional 26,130 shares in the last quarter. Finally, Parkwood LLC boosted its position in shares of U.S. Bancorp by 42.6% in the 4th quarter. Parkwood LLC now owns 283,417 shares of the financial services provider's stock worth $13,556,000 after purchasing an additional 84,602 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company's stock.

Insider Buying and Selling

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 acquired at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the purchase, the director now owns 15,000 shares of the company's stock, valued at approximately $559,800. This represents a 50.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is owned by insiders.

U.S. Bancorp Stock Performance

Shares of NYSE USB traded down $0.16 during midday trading on Monday, hitting $44.76. 5,717,471 shares of the stock traded hands, compared to its average volume of 9,112,099. The firm has a 50-day moving average of $40.79 and a two-hundred day moving average of $45.98. The firm has a market capitalization of $69.74 billion, a P/E ratio of 11.81, a PEG ratio of 1.73 and a beta of 0.97. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.06. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The company had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $6.92 billion. During the same period last year, the firm earned $0.78 EPS. On average, equities analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.47%. U.S. Bancorp's dividend payout ratio is currently 49.50%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Cowen assumed coverage on U.S. Bancorp in a research report on Wednesday. They issued a "buy" rating on the stock. TD Cowen assumed coverage on U.S. Bancorp in a research report on Thursday. They issued a "buy" rating and a $60.00 price target on the stock. DA Davidson dropped their price target on U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Morgan Stanley dropped their price target on U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, Raymond James reissued an "outperform" rating and issued a $51.00 price target (down from $57.00) on shares of U.S. Bancorp in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, U.S. Bancorp presently has an average rating of "Moderate Buy" and a consensus price target of $50.89.

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.