Kelly Financial Services LLC Takes Position in U.S. Bancorp (NYSE:USB)

Kelly Financial Services 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 80,954 shares of the financial services provider's stock, valued at approximately $3,872,000. U.S. Bancorp comprises approximately 1.2% of Kelly Financial Services LLC's holdings, making the stock its 25th largest position.

A number of other large investors have also recently made changes to their positions in the business. Renaissance Technologies LLC bought a new stake in U.S. Bancorp during the second quarter worth $9,198,000. Mercer Global Advisors Inc. ADV boosted its holdings in U.S. Bancorp by 4.3% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 180,386 shares of the financial services provider's stock worth $7,757,000 after acquiring an additional 7,481 shares during the last quarter. Brighton Jones LLC grew its stake in shares of U.S. Bancorp by 55.8% in the 2nd quarter. Brighton Jones LLC now owns 43,343 shares of the financial services provider's stock worth $1,721,000 after acquiring an additional 15,531 shares in the last quarter. Ieq Capital LLC raised its holdings in shares of U.S. Bancorp by 17.7% in the second quarter. Ieq Capital LLC now owns 64,479 shares of the financial services provider's stock valued at $2,560,000 after purchasing an additional 9,704 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of U.S. Bancorp by 2.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 122,232 shares of the financial services provider's stock valued at $4,852,000 after purchasing an additional 2,973 shares in the last quarter. 77.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft downgraded U.S. Bancorp from a "buy" rating to a "hold" rating and set a $51.00 price target for the company. in a research report on Thursday, October 24th. Robert W. Baird set a $54.00 target price on U.S. Bancorp in a research note on Thursday, October 17th. DA Davidson upgraded shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and increased their price target for the company from $58.00 to $60.00 in a research report on Thursday, January 2nd. Citigroup raised 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 report on Monday, November 25th. Finally, Barclays increased their target price on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $54.21.

U.S. Bancorp Trading Up 0.8 %

NYSE:USB traded up $0.37 during midday trading on Friday, reaching $48.40. 14,819,489 shares of the stock traded hands, compared to its average volume of 5,864,763. The stock has a market capitalization of $75.50 billion, a P/E ratio of 14.80, a PEG ratio of 2.47 and a beta of 1.05. U.S. Bancorp has a 12 month low of $37.81 and a 12 month high of $53.98. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.81. The company has a fifty day moving average of $50.18 and a 200 day moving average of $46.83.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.01. The company had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. U.S. Bancorp had a net margin of 12.92% and a return on equity of 12.91%. U.S. Bancorp's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 earnings per share. On average, research analysts predict that U.S. Bancorp will post 3.91 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 4.13%. U.S. Bancorp's dividend payout ratio (DPR) is presently 61.16%.

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.