Proficio Capital Partners LLC Purchases New Position in U.S. Bancorp (NYSE:USB)

Proficio Capital Partners LLC bought a new position in shares of U.S. Bancorp (NYSE:USB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 125,155 shares of the financial services provider's stock, valued at approximately $5,986,000.

Several other hedge funds have also made changes to their positions in the business. M&T Bank Corp boosted its position in shares of U.S. Bancorp by 36.9% in the fourth quarter. M&T Bank Corp now owns 1,158,848 shares of the financial services provider's stock worth $55,427,000 after acquiring an additional 312,504 shares during the last quarter. J.Safra Asset Management Corp acquired a new stake in U.S. Bancorp during the fourth quarter worth about $26,000. Souders Financial Advisors acquired a new position in shares of U.S. Bancorp in the 4th quarter valued at about $210,000. Live Oak Investment Partners grew its holdings in shares of U.S. Bancorp by 27.1% during the 4th quarter. Live Oak Investment Partners now owns 14,262 shares of the financial services provider's stock worth $682,000 after purchasing an additional 3,044 shares during the period. Finally, Keybank National Association OH increased its position in U.S. Bancorp by 0.4% during the 4th quarter. Keybank National Association OH now owns 72,221 shares of the financial services provider's stock worth $3,454,000 after purchasing an additional 296 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

U.S. Bancorp Stock Performance

USB stock traded down $0.10 during trading on Thursday, hitting $42.58. 5,616,345 shares of the company's stock traded hands, compared to its average volume of 7,815,075. U.S. Bancorp has a 52 week low of $37.81 and a 52 week high of $53.98. 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 stock has a market capitalization of $66.34 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02. The stock has a fifty day moving average price of $46.52 and a two-hundred day moving average price of $47.69.

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U.S. Bancorp (NYSE:USB - Get Free Report) last released its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.01. The firm had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. U.S. Bancorp's revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.99 earnings per share. As a group, equities analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 4.70%. U.S. Bancorp's dividend payout ratio (DPR) is 52.77%.

Insider Buying and Selling at U.S. Bancorp

In other news, CEO Andrew Cecere sold 102,044 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total value of $4,821,579.00. Following the completion of the sale, the chief executive officer now directly owns 1,230,316 shares of the company's stock, valued at $58,132,431. This represents a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jodi L. Richard sold 30,000 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $47.59, for a total transaction of $1,427,700.00. Following the completion of the sale, the insider now owns 99,790 shares of the company's stock, valued at approximately $4,749,006.10. The trade was a 23.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 219,812 shares of company stock valued at $10,385,665. Corporate insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on USB. Compass Point increased their price objective on shares of U.S. Bancorp from $49.00 to $60.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Oppenheimer raised their price objective on U.S. Bancorp from $62.00 to $63.00 and gave the company an "outperform" rating in a research report on Friday, January 17th. DA Davidson upgraded U.S. Bancorp from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $58.00 to $60.00 in a research note on Thursday, January 2nd. Raymond James upgraded U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 price target for the company in a report on Thursday, December 19th. Finally, Morgan Stanley reduced their target price on shares of U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $53.93.

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.