Dimensional Fund Advisors LP Has $407.33 Million Stake in U.S. Bancorp (NYSE:USB)

Dimensional Fund Advisors LP boosted its stake in U.S. Bancorp (NYSE:USB - Free Report) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,515,117 shares of the financial services provider's stock after acquiring an additional 28,173 shares during the period. Dimensional Fund Advisors LP owned 0.55% of U.S. Bancorp worth $407,329,000 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 USB. Forum Financial Management LP increased its holdings in shares of U.S. Bancorp by 100.9% in the 4th quarter. Forum Financial Management LP now owns 24,842 shares of the financial services provider's stock worth $1,188,000 after purchasing an additional 12,479 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in U.S. Bancorp by 7.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,640,622 shares of the financial services provider's stock worth $78,477,000 after purchasing an additional 111,373 shares during the last quarter. Cravens & Co Advisors LLC purchased a new stake in shares of U.S. Bancorp during the fourth quarter valued at $1,206,000. Marshall Wace LLP grew its position in shares of U.S. Bancorp by 414.1% during the 4th quarter. Marshall Wace LLP now owns 5,789,565 shares of the financial services provider's stock worth $276,915,000 after buying an additional 4,663,518 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of U.S. Bancorp by 0.6% in the 4th quarter. NewEdge Advisors LLC now owns 96,180 shares of the financial services provider's stock worth $4,600,000 after purchasing an additional 616 shares during the period. Hedge funds and other institutional investors own 77.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on USB shares. Bank of America lowered their price target on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a report on Monday, March 17th. Wells Fargo & Company lowered their price objective on U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Barclays lowered their price target on U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Wolfe Research raised U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price for the company in a research report on Thursday, April 3rd. Finally, Morgan Stanley lowered their price objective on U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $50.66.

U.S. Bancorp Price Performance

Shares of USB traded up $0.50 during midday trading on Wednesday, reaching $39.50. The stock had a trading volume of 12,753,713 shares, compared to its average volume of 9,051,158. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The firm's 50 day moving average price is $42.19 and its 200-day moving average price is $46.70. The company has a market capitalization of $61.54 billion, a P/E ratio of 10.42, a P/E/G ratio of 1.73 and a beta of 0.91. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating 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 business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. On average, analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp's dividend payout ratio is presently 49.50%.

Insider Transactions at U.S. Bancorp

In related news, Director Aleem Gillani acquired 5,000 shares of the company's stock in a transaction that occurred 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 completion of the acquisition, the director now owns 15,000 shares of the company's stock, valued at $559,800. This trade represents a 50.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the transaction, the insider now owns 209,482 shares of the company's stock, valued at approximately $9,837,274.72. This represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 219,812 shares of company stock worth $10,385,665 over the last three months. 0.23% of the stock is currently owned by 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.