TD Waterhouse Canada Inc. Acquires 9,053 Shares of U.S. Bancorp (NYSE:USB)

TD Waterhouse Canada Inc. grew its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 202,917 shares of the financial services provider's stock after purchasing an additional 9,053 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in U.S. Bancorp were worth $9,712,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $777,524,000. Invesco Ltd. boosted its position in shares of U.S. Bancorp by 48.1% in the 4th quarter. Invesco Ltd. now owns 16,787,513 shares of the financial services provider's stock worth $802,947,000 after buying an additional 5,449,949 shares in the last quarter. Franklin Resources Inc. grew its position in shares of U.S. Bancorp by 153.0% in the third quarter. Franklin Resources Inc. now owns 7,949,347 shares of the financial services provider's stock valued at $374,573,000 after purchasing an additional 4,807,662 shares during the last quarter. Marshall Wace LLP increased its position in U.S. Bancorp by 414.1% during the fourth quarter. Marshall Wace LLP now owns 5,789,565 shares of the financial services provider's stock worth $276,915,000 after buying an additional 4,663,518 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in U.S. Bancorp in the 4th quarter valued at about $184,733,000. Hedge funds and other institutional investors own 77.60% of the company's stock.

U.S. Bancorp Price Performance

USB stock traded up $0.53 during trading hours on Thursday, hitting $40.04. 9,477,442 shares of the stock traded hands, compared to its average volume of 9,062,994. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The stock has a 50-day simple moving average of $41.87 and a 200 day simple moving average of $46.62. The company has a market cap of $62.38 billion, a P/E ratio of 10.56, a P/E/G ratio of 1.73 and a beta of 0.91.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $6.92 billion. During the same period in the previous year, the firm posted $0.78 EPS. Equities analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.50 per share. The ex-dividend date was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.00%. U.S. Bancorp's dividend payout ratio is 49.50%.

Insider Activity

In other U.S. Bancorp news, CEO Andrew Cecere sold 102,044 shares of the stock in a transaction 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 transaction, 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 filing with the SEC, which is available through the SEC website. Also, Director Aleem Gillani acquired 5,000 shares of the stock in a transaction dated Monday, April 21st. The shares were bought at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the acquisition, the director now owns 15,000 shares in the company, valued at $559,800. The trade was a 50.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 219,812 shares of company stock worth $10,385,665 in the last 90 days. Company insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Citigroup lowered their price target on U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating for the company in a report on Monday, March 24th. Barclays lowered their price objective on shares of U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Morgan Stanley cut their price target on U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Keefe, Bruyette & Woods decreased their price objective on shares of U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating for the company in a report on Thursday, April 17th. Finally, The Goldman Sachs Group reduced their price objective on U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $50.66.

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.