U.S. Bancorp (NYSE:USB) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC boosted its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 11.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 448,139 shares of the financial services provider's stock after buying an additional 46,907 shares during the quarter. Natixis Advisors LLC's holdings in U.S. Bancorp were worth $21,434,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Transactions at U.S. Bancorp

In related news, CEO Andrew Cecere sold 102,044 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total value of $4,821,579.00. Following the completion of the transaction, the chief executive officer now owns 1,230,316 shares in the company, valued at $58,132,431. This trade represents a 7.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Terrance R. Dolan sold 66,317 shares of the business's stock in a transaction dated 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 owns 209,482 shares in the company, valued at approximately $9,837,274.72. The trade was a 24.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 219,812 shares of company stock worth $10,385,665. Company insiders own 0.23% of the company's stock.

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U.S. Bancorp Stock Up 0.4 %

Shares of U.S. Bancorp stock traded up $0.16 during trading on Friday, reaching $42.77. The company's stock had a trading volume of 68,990,927 shares, compared to its average volume of 8,068,181. U.S. Bancorp has a 1-year low of $37.81 and a 1-year high of $53.98. The company has a 50-day simple moving average of $46.40 and a two-hundred day simple moving average of $47.66. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The company has a market cap of $66.63 billion, a price-to-earnings ratio of 11.28, 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 quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. During the same quarter last year, the company earned $0.99 earnings per share. The company's quarterly revenue was up 3.7% on a year-over-year basis. As a group, equities analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared 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. 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 4.68%. U.S. Bancorp's dividend payout ratio is currently 52.77%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Morgan Stanley reduced 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. Bank of America decreased their price objective on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a report on Monday. Citigroup raised shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and lifted their price target for the company from $49.00 to $65.00 in a research note on Monday, November 25th. The Goldman Sachs Group dropped their price objective on U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, DA Davidson raised 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 research report on Thursday, January 2nd. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $53.93.

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.