Pinebridge Investments L.P. Purchases 336,582 Shares of U.S. Bancorp (NYSE:USB)

Pinebridge Investments L.P. increased its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 782.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 379,599 shares of the financial services provider's stock after acquiring an additional 336,582 shares during the period. Pinebridge Investments L.P.'s holdings in U.S. Bancorp were worth $18,156,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Winch Advisory Services LLC boosted its holdings in shares of U.S. Bancorp by 1,088.9% in the 4th 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. J.Safra Asset Management Corp bought a new stake in U.S. Bancorp during the fourth quarter worth $26,000. FPC Investment Advisory Inc. acquired a new stake in U.S. Bancorp in the fourth quarter valued at $28,000. Global Wealth Strategies & Associates grew its position in shares of U.S. Bancorp by 70.8% in 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 during the period. Finally, Stonebridge Financial Group LLC acquired a new position in shares of U.S. Bancorp during the 4th quarter worth about $30,000. 77.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at U.S. Bancorp

In related news, CEO Andrew Cecere sold 102,044 shares of the company'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 sale, the chief executive officer now directly owns 1,230,316 shares in the company, valued at approximately $58,132,431. This represents a 7.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Aleem Gillani acquired 5,000 shares of U.S. Bancorp stock in a transaction that occurred on Monday, April 21st. The stock was acquired at an average price of $37.32 per share, with a total value of $186,600.00. Following the completion of the purchase, the director now directly owns 15,000 shares in the company, valued at $559,800. This represents a 50.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 219,812 shares of company stock valued at $10,385,665 over the last three months. 0.23% of the stock is currently owned by insiders.

U.S. Bancorp Stock Performance

USB stock traded up $0.23 during mid-day trading on Monday, hitting $40.15. The company had a trading volume of 5,076,376 shares, compared to its average volume of 9,064,582. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The firm has a market cap of $62.55 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The stock's fifty day moving average price is $41.71 and its two-hundred day moving average price is $46.62.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. On average, analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date was Monday, March 31st. U.S. Bancorp's dividend payout ratio is currently 49.50%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on USB shares. Barclays cut their target price on shares of U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Wolfe Research upgraded U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price for the company in a research note on Thursday, April 3rd. Oppenheimer increased their price target on U.S. Bancorp from $57.00 to $59.00 and gave the company an "outperform" rating in a research note on Monday. DA Davidson reduced their price objective on shares of U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, Bank of America dropped their price objective on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, U.S. Bancorp presently has an average rating of "Moderate Buy" and a consensus price target of $50.48.

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.