Mizuho Securities USA LLC Raises Position in U.S. Bancorp (NYSE:USB)

Mizuho Securities USA LLC grew its position in U.S. Bancorp (NYSE:USB - Free Report) by 46.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,856 shares of the financial services provider's stock after buying an additional 46,668 shares during the period. Mizuho Securities USA LLC's holdings in U.S. Bancorp were worth $7,072,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. J.Safra Asset Management Corp purchased a new stake in shares of U.S. Bancorp in the 4th quarter valued at approximately $26,000. Winch Advisory Services LLC raised its position in U.S. Bancorp by 1,088.9% in the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 490 shares during the period. FPC Investment Advisory Inc. acquired a new position in U.S. Bancorp during the fourth quarter worth $28,000. Global Wealth Strategies & Associates boosted its position in shares of U.S. Bancorp by 70.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider's stock worth $29,000 after buying an additional 250 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 77.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on USB shares. Barclays raised their target price on 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 lifted their price objective on shares of U.S. Bancorp from $49.00 to $60.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Oppenheimer increased their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an "outperform" rating in a report on Friday, January 17th. Morgan Stanley dropped their price target on shares of U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Finally, DA Davidson upgraded U.S. Bancorp from a "neutral" rating to a "buy" rating and lifted their target price for the company from $58.00 to $60.00 in a report on Thursday, January 2nd. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $53.48.

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U.S. Bancorp Stock Performance

Shares of USB traded down $0.52 during mid-day trading on Thursday, hitting $43.25. 8,171,117 shares of the company's stock were exchanged, compared to its average volume of 8,069,904. The business's 50 day moving average is $45.96 and its two-hundred day moving average is $47.60. U.S. Bancorp has a fifty-two week low of $37.81 and a fifty-two week high of $53.98. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $67.39 billion, a P/E ratio of 11.41, a P/E/G ratio of 1.73 and a beta of 1.02.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping 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 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 previous year, the firm earned $0.99 EPS. On average, equities analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.62%. The ex-dividend date is Monday, March 31st. U.S. Bancorp's dividend payout ratio (DPR) is 52.77%.

Insider Activity

In other news, CEO Andrew Cecere sold 102,044 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the completion of the transaction, the chief executive officer now directly owns 1,230,316 shares of the company's stock, valued at $58,132,431. This trade represents a 7.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Terrance R. Dolan sold 66,317 shares of the company'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 completion of the sale, the insider now owns 209,482 shares in the company, 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. Insiders sold a total of 219,812 shares of company stock worth $10,385,665 over the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

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.