U.S. Bancorp (NYSE:USB) Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 11.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 380,767 shares of the financial services provider's stock after buying an additional 38,802 shares during the period. D.A. Davidson & CO.'s holdings in U.S. Bancorp were worth $18,212,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group lifted its position in U.S. Bancorp by 4.4% during the third quarter. Brooklyn Investment Group now owns 4,792 shares of the financial services provider's stock valued at $219,000 after acquiring an additional 201 shares during the last quarter. McAdam LLC boosted its position in shares of U.S. Bancorp by 2.5% in the 3rd quarter. McAdam LLC now owns 8,503 shares of the financial services provider's stock worth $389,000 after purchasing an additional 209 shares in the last quarter. Capital Performance Advisors LLP grew its stake in U.S. Bancorp by 2.6% during the 4th quarter. Capital Performance Advisors LLP now owns 8,188 shares of the financial services provider's stock worth $392,000 after buying an additional 210 shares during the last quarter. HCR Wealth Advisors increased its position in U.S. Bancorp by 1.1% during the 4th quarter. HCR Wealth Advisors now owns 20,107 shares of the financial services provider's stock valued at $962,000 after buying an additional 211 shares in the last quarter. Finally, Priebe Wealth Holdings LLC raised its stake in U.S. Bancorp by 4.4% in the fourth quarter. Priebe Wealth Holdings LLC now owns 5,078 shares of the financial services provider's stock valued at $243,000 after buying an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company's stock.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock traded down $0.89 on Friday, hitting $45.88. The company's stock had a trading volume of 9,326,979 shares, compared to its average volume of 9,157,008. The company has a market capitalization of $71.57 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 1.75 and a beta of 1.04. U.S. Bancorp has a 1 year low of $37.81 and a 1 year 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 firm has a fifty day moving average price of $48.19 and a 200-day moving average price of $47.64.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, beating the consensus estimate of $1.06 by $0.01. The company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. U.S. Bancorp's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $0.99 earnings per share. As a group, sell-side analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp's payout ratio is presently 52.77%.

Insiders Place Their Bets

In related news, insider Jodi L. Richard sold 30,000 shares of U.S. Bancorp stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $47.59, for a total value of $1,427,700.00. Following the sale, the insider now directly owns 99,790 shares in the company, valued at approximately $4,749,006.10. The trade was a 23.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Terrance R. Dolan sold 66,317 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $46.96, for a total value of $3,114,246.32. Following the transaction, the insider now directly owns 209,482 shares of the company's stock, valued at $9,837,274.72. The trade was a 24.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 219,812 shares of company stock worth $10,385,665. Company insiders own 0.23% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Raymond James upgraded shares of U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 price objective on the stock in a report on Thursday, December 19th. Barclays upped their price target on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. Citigroup upgraded shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $49.00 to $65.00 in a research note on Monday, November 25th. Morgan Stanley cut their target price on U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Finally, DA Davidson upgraded U.S. Bancorp from a "neutral" rating to a "buy" rating and raised their target price for the stock from $58.00 to $60.00 in a research note on Thursday, January 2nd. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, U.S. Bancorp has an average rating of "Moderate Buy" and a consensus target price of $54.21.

About U.S. Bancorp

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.