60,705 Shares in U.S. Bancorp (NYSE:USB) Acquired by Integras Partners LLC

Integras Partners LLC acquired a new position in shares of U.S. Bancorp (NYSE:USB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 60,705 shares of the financial services provider's stock, valued at approximately $2,904,000. U.S. Bancorp accounts for 2.5% of Integras Partners LLC's portfolio, making the stock its 10th biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC grew its position in shares of U.S. Bancorp by 32.7% during the third quarter. FMR LLC now owns 63,913,931 shares of the financial services provider's stock worth $2,922,784,000 after acquiring an additional 15,746,852 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of U.S. Bancorp by 153.0% during the third quarter. Franklin Resources Inc. now owns 7,949,347 shares of the financial services provider's stock valued at $374,573,000 after acquiring an additional 4,807,662 shares during the period. Raymond James Financial Inc. acquired a new stake in U.S. Bancorp in the fourth quarter worth approximately $184,733,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of U.S. Bancorp by 5.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 49,789,725 shares of the financial services provider's stock valued at $2,381,443,000 after buying an additional 2,460,845 shares during the period. Finally, Alecta Tjanstepension Omsesidigt bought a new stake in U.S. Bancorp in the fourth quarter worth about $111,274,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

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U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock traded up $0.05 during trading on Tuesday, reaching $42.23. The company's stock had a trading volume of 13,724,713 shares, compared to its average volume of 7,811,411. The business's fifty day moving average price is $46.76 and its 200-day moving average price is $47.76. U.S. Bancorp has a one year low of $37.81 and a one year high of $53.98. The firm has a market cap of $65.80 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81.

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

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 4.74%. U.S. Bancorp's dividend payout ratio (DPR) is currently 52.77%.

Insider Transactions at U.S. Bancorp

In other news, insider Jodi L. Richard sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $47.59, for a total transaction of $1,427,700.00. Following the completion of the sale, the insider now owns 99,790 shares of the company's stock, valued at approximately $4,749,006.10. This trade represents a 23.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Terrance R. Dolan sold 66,317 shares of the firm's stock in a transaction 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 sale, the insider now directly owns 209,482 shares of the company's stock, valued at $9,837,274.72. This represents a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 219,812 shares of company stock valued at $10,385,665. Company insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on USB. Citigroup upgraded U.S. Bancorp from a "neutral" rating to a "buy" rating and increased their price target for the company from $49.00 to $65.00 in a research report on Monday, November 25th. Barclays boosted their price target on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Compass Point increased their price objective on U.S. Bancorp from $49.00 to $60.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Morgan Stanley lowered their target price on U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Finally, Raymond James raised U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 price target for the company in a research note on Thursday, December 19th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, U.S. Bancorp has a consensus rating of "Moderate Buy" and a consensus target price of $53.98.

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.