ProShare Advisors LLC Acquires 34,371 Shares of U.S. Bancorp (NYSE:USB)

ProShare Advisors LLC increased its stake in U.S. Bancorp (NYSE:USB - Free Report) by 11.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 334,288 shares of the financial services provider's stock after purchasing an additional 34,371 shares during the quarter. ProShare Advisors LLC's holdings in U.S. Bancorp were worth $15,989,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. FIL Ltd increased its holdings in U.S. Bancorp by 42.0% in the fourth quarter. FIL Ltd now owns 28,872 shares of the financial services provider's stock valued at $1,381,000 after buying an additional 8,542 shares in the last quarter. Vanguard Group Inc. increased its stake in U.S. Bancorp by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider's stock valued at $6,640,569,000 after purchasing an additional 1,079,056 shares in the last quarter. M&T Bank Corp increased its stake in U.S. Bancorp by 36.9% in the 4th quarter. M&T Bank Corp now owns 1,158,848 shares of the financial services provider's stock valued at $55,427,000 after purchasing an additional 312,504 shares in the last quarter. D.A. Davidson & CO. raised its holdings in U.S. Bancorp by 11.3% during the fourth quarter. D.A. Davidson & CO. now owns 380,767 shares of the financial services provider's stock worth $18,212,000 after purchasing an additional 38,802 shares during the last quarter. Finally, Swedbank AB boosted its position in U.S. Bancorp by 2.4% during the fourth quarter. Swedbank AB now owns 554,489 shares of the financial services provider's stock worth $26,521,000 after purchasing an additional 13,223 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 stock in a transaction dated Monday, April 21st. The shares were bought at an average cost of $37.32 per share, with a total value of $186,600.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Oppenheimer raised their price target on U.S. Bancorp from $57.00 to $59.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. TD Cowen initiated coverage on shares of U.S. Bancorp in a report on Thursday. They set a "buy" rating and a $60.00 target price 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 on the stock in a report on Thursday, April 3rd. Cowen began coverage on shares of U.S. Bancorp in a research note on Wednesday, May 14th. They set a "buy" rating for the company. Finally, Bank of America cut their price objective on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a research report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned 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 Stock Down 0.4%

Shares of USB traded down $0.16 during trading hours on Monday, hitting $44.76. 5,717,471 shares of the company were exchanged, compared to its average volume of 9,112,099. 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 cap of $69.74 billion, a PE ratio of 11.81, a PEG ratio of 1.73 and a beta of 0.97. The firm's 50 day moving average is $40.85 and its 200-day moving average is $45.96. U.S. Bancorp has a 52 week low of $35.18 and a 52 week 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 earnings per share (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 firm had revenue of $6.96 billion during the quarter, compared to analysts' expectations of $6.92 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. On average, equities research analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid 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 payout ratio is presently 49.50%.

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.