Stephens Inc. AR Has $14.41 Million Stake in U.S. Bancorp (NYSE:USB)

Stephens Inc. AR increased its stake in U.S. Bancorp (NYSE:USB - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 301,256 shares of the financial services provider's stock after buying an additional 7,885 shares during the quarter. Stephens Inc. AR's holdings in U.S. Bancorp were worth $14,409,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Stockman Wealth Management Inc. grew its stake in shares of U.S. Bancorp by 0.5% during the fourth quarter. Stockman Wealth Management Inc. now owns 258,373 shares of the financial services provider's stock valued at $12,358,000 after acquiring an additional 1,190 shares in the last quarter. Quotient Wealth Partners LLC grew its stake in U.S. Bancorp by 10.5% during the 4th quarter. Quotient Wealth Partners LLC now owns 7,772 shares of the financial services provider's stock valued at $372,000 after purchasing an additional 741 shares in the last quarter. Empowered Funds LLC increased its holdings in U.S. Bancorp by 22.0% during the 4th quarter. Empowered Funds LLC now owns 33,697 shares of the financial services provider's stock worth $1,612,000 after purchasing an additional 6,079 shares during the last quarter. Moloney Securities Asset Management LLC raised its position in shares of U.S. Bancorp by 1.6% in the 4th quarter. Moloney Securities Asset Management LLC now owns 46,925 shares of the financial services provider's stock valued at $2,244,000 after purchasing an additional 749 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. raised its position in shares of U.S. Bancorp by 2.8% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 251,543 shares of the financial services provider's stock valued at $12,031,000 after purchasing an additional 6,805 shares in the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Price Performance

USB stock traded down $0.07 during trading on Wednesday, hitting $47.52. The company had a trading volume of 6,180,126 shares, compared to its average volume of 9,531,829. The business has a 50 day moving average of $48.88 and a 200 day moving average of $47.50. The firm has a market capitalization of $74.13 billion, a price-to-earnings ratio of 12.54, a P/E/G ratio of 1.77 and a beta of 1.04. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a fifty-two week low of $37.81 and a fifty-two week high of $53.98.

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 analysts' consensus estimates of $1.06 by $0.01. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The company had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. During the same period in the prior year, the business posted $0.99 EPS. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp's payout ratio is currently 52.77%.

Wall Street Analysts Forecast Growth

USB has been the subject of a number of research analyst reports. Barclays lifted their price target on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Evercore ISI upped their target price on shares of U.S. Bancorp from $51.00 to $54.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. Stephens boosted their price objective on U.S. Bancorp from $49.00 to $52.00 and gave the company an "equal weight" rating in a report on Thursday, October 17th. Robert W. Baird set a $54.00 target price on U.S. Bancorp in a report on Thursday, October 17th. Finally, Compass Point lifted their price objective on shares of U.S. Bancorp from $49.00 to $60.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $54.21.

Insider Activity

In related news, CEO Andrew Cecere sold 102,044 shares of the firm'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 completion of the sale, the chief executive officer now directly owns 1,230,316 shares in the company, valued at approximately $58,132,431. This trade represents a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of the company's stock in a transaction on 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 completion of the transaction, the insider now directly owns 209,482 shares in the company, valued at $9,837,274.72. This represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 219,812 shares of company stock worth $10,385,665. 0.23% of the stock is owned by company insiders.

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.