U.S. Bancorp (NYSE:USB) Holdings Lifted by Invesco Ltd.

Invesco Ltd. raised its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 48.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,787,513 shares of the financial services provider's stock after buying an additional 5,449,949 shares during the quarter. Invesco Ltd. owned approximately 1.08% of U.S. Bancorp worth $802,947,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of USB. Bank of Montreal Can raised its position in shares of U.S. Bancorp by 29.4% in the 4th quarter. Bank of Montreal Can now owns 4,326,254 shares of the financial services provider's stock worth $206,925,000 after buying an additional 983,795 shares during the period. Cerity Partners LLC grew its holdings in shares of U.S. Bancorp by 4.0% during the 4th quarter. Cerity Partners LLC now owns 725,231 shares of the financial services provider's stock worth $34,302,000 after purchasing an additional 28,172 shares during the period. FMR LLC raised its holdings in U.S. Bancorp by 5.0% in the fourth quarter. FMR LLC now owns 67,125,746 shares of the financial services provider's stock valued at $3,210,624,000 after buying an additional 3,211,815 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in U.S. Bancorp during the fourth quarter worth approximately $333,000. Finally, Federated Hermes Inc. raised its stake in shares of U.S. Bancorp by 0.6% in the 4th quarter. Federated Hermes Inc. now owns 9,458,048 shares of the financial services provider's stock valued at $452,378,000 after acquiring an additional 58,973 shares during the period. Institutional investors and hedge funds own 77.60% of the company's stock.

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U.S. Bancorp Stock Up 1.6 %

NYSE USB traded up $0.60 on Friday, hitting $37.85. 18,550,879 shares of the stock traded hands, compared to its average volume of 8,990,550. The company has a market capitalization of $58.97 billion, a P/E ratio of 9.99, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91. The stock has a 50-day moving average of $43.46 and a 200 day moving average of $47.04. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. The business 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%. The business's revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 EPS. As a group, analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.28%. U.S. Bancorp's payout ratio is currently 52.77%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Morgan Stanley lowered their price target on U.S. Bancorp from $55.00 to $51.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Wolfe Research upgraded U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price on the stock in a report on Thursday, April 3rd. Oppenheimer upped their price target on U.S. Bancorp from $62.00 to $63.00 and gave the stock an "outperform" rating in a report on Friday, January 17th. DA Davidson upgraded shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $58.00 to $60.00 in a research note on Thursday, January 2nd. Finally, Citigroup decreased their target price on shares of U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $52.52.

Insider Activity

In related news, insider Terrance R. Dolan sold 66,317 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total value of $3,114,246.32. Following the sale, the insider now owns 209,482 shares of the company's stock, valued at approximately $9,837,274.72. This trade represents a 24.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jodi L. Richard sold 30,000 shares of the business'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 value of $1,427,700.00. Following the transaction, the insider now owns 99,790 shares of the company's stock, valued at $4,749,006.10. This represents a 23.11 % decrease in their position. 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.

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.