R.H. Investment Group LLC Invests $3.87 Million in U.S. Bancorp (NYSE:USB)

R.H. Investment Group LLC bought a new stake in shares of U.S. Bancorp (NYSE:USB - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 80,954 shares of the financial services provider's stock, valued at approximately $3,872,000. U.S. Bancorp comprises 3.6% of R.H. Investment Group LLC's holdings, making the stock its 14th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of USB. SeaCrest Wealth Management LLC raised its holdings in U.S. Bancorp by 5.8% in the 4th quarter. SeaCrest Wealth Management LLC now owns 12,182 shares of the financial services provider's stock worth $583,000 after purchasing an additional 668 shares during the period. Accurate Wealth Management LLC increased its stake in shares of U.S. Bancorp by 7.1% in the fourth quarter. Accurate Wealth Management LLC now owns 9,932 shares of the financial services provider's stock worth $471,000 after purchasing an additional 662 shares in the last quarter. Quantum Financial Advisors LLC bought a new stake in shares of U.S. Bancorp during the 4th quarter valued at $201,000. Wallace Advisory Group LLC lifted its stake in shares of U.S. Bancorp by 4.8% during the 4th quarter. Wallace Advisory Group LLC now owns 13,432 shares of the financial services provider's stock valued at $614,000 after buying an additional 618 shares in the last quarter. Finally, Tealwood Asset Management Inc. lifted its stake in shares of U.S. Bancorp by 1.2% during the 4th quarter. Tealwood Asset Management Inc. now owns 61,316 shares of the financial services provider's stock valued at $2,933,000 after buying an additional 718 shares in the last quarter. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Trading Up 3.8 %

NYSE USB traded up $1.86 on Wednesday, hitting $50.92. 13,696,479 shares of the stock were exchanged, compared to its average volume of 7,993,688. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.81. U.S. Bancorp has a 52-week low of $37.81 and a 52-week high of $53.98. The firm has a market capitalization of $79.44 billion, a P/E ratio of 15.57, a P/E/G ratio of 3.01 and a beta of 1.05. The stock has a fifty day moving average price of $50.25 and a two-hundred day moving average price of $46.68.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. The company had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.90 billion. U.S. Bancorp had a net margin of 12.92% and a return on equity of 12.91%. The firm's revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.05 EPS. Research analysts forecast that U.S. Bancorp will post 3.93 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 3.93%. U.S. Bancorp's payout ratio is 61.16%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on USB shares. Oppenheimer dropped their price objective on U.S. Bancorp from $66.00 to $62.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. Raymond James raised U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 price target on the stock in a report on Thursday, December 19th. Barclays increased their price objective on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Royal Bank of Canada set a $53.00 target price on shares of U.S. Bancorp in a report on Thursday, October 17th. Finally, Citigroup upgraded shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and upped their target price for the stock from $49.00 to $65.00 in a research report on Monday, November 25th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, U.S. Bancorp currently has an average rating of "Moderate Buy" and an average target price of $54.07.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $49.03, for a total value of $1,225,750.00. Following the sale, the insider now owns 129,790 shares in the company, valued at $6,363,603.70. This trade represents a 16.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.23% of the company's stock.

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.