U.S. Bancorp (NYSE:USB) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC raised its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 17.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 174,861 shares of the financial services provider's stock after purchasing an additional 26,566 shares during the period. Park Avenue Securities LLC's holdings in U.S. Bancorp were worth $8,364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in USB. Frazier Financial Advisors LLC boosted its stake in shares of U.S. Bancorp by 222.7% during the third quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 441 shares in the last quarter. Global Wealth Strategies & Associates boosted its position in 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 valued at $29,000 after acquiring an additional 250 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of U.S. Bancorp in the 4th quarter valued at $38,000. Kimelman & Baird LLC bought a new position in shares of U.S. Bancorp in the 2nd quarter worth $40,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of U.S. Bancorp during the 3rd quarter worth $40,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at U.S. Bancorp

In other news, insider Jodi L. Richard sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $49.03, for a total transaction of $1,225,750.00. Following the sale, the insider now owns 129,790 shares of the company's stock, valued at $6,363,603.70. This trade represents a 16.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on USB. Citigroup upgraded U.S. Bancorp from a "neutral" rating to a "buy" rating and lifted their target price for the company from $49.00 to $65.00 in a research note on Monday, November 25th. Barclays lifted their price objective on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an "overweight" rating in a research report on Monday, January 6th. Wells Fargo & Company increased their target price on shares of U.S. Bancorp from $60.00 to $62.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft downgraded shares of U.S. Bancorp from a "buy" rating to a "hold" rating and set a $51.00 target price for the company. in a research note on Thursday, October 24th. Finally, Morgan Stanley raised U.S. Bancorp from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $54.00 to $57.00 in a research report on Monday, September 30th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, U.S. Bancorp currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.07.

U.S. Bancorp Stock Performance

NYSE USB traded down $2.83 on Thursday, hitting $48.07. 19,042,066 shares of the company's stock traded hands, compared to its average volume of 9,130,256. The firm has a market capitalization of $74.98 billion, a PE ratio of 14.70, a P/E/G ratio of 2.47 and a beta of 1.05. U.S. Bancorp has a 1-year low of $37.81 and a 1-year high of $53.98. The firm's 50-day moving average price is $50.25 and its two-hundred day moving average price is $46.71. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.04.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.01. The company 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 12.92% and a return on equity of 12.91%. The firm's quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 earnings per share. As a group, analysts expect that U.S. Bancorp will post 3.91 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp's dividend payout ratio (DPR) is 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.