Tower Research Capital LLC TRC Buys 61,964 Shares of U.S. Bancorp (NYSE:USB)

Tower Research Capital LLC TRC raised its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 159.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 100,941 shares of the financial services provider's stock after purchasing an additional 61,964 shares during the quarter. Tower Research Capital LLC TRC's holdings in U.S. Bancorp were worth $4,828,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of USB. Winch Advisory Services LLC lifted its position in U.S. Bancorp by 1,088.9% during the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock worth $26,000 after buying an additional 490 shares in the last quarter. J.Safra Asset Management Corp acquired a new position in shares of U.S. Bancorp during the fourth quarter worth approximately $26,000. FPC Investment Advisory Inc. bought a new stake in shares of U.S. Bancorp during the fourth quarter valued at approximately $28,000. Global Wealth Strategies & Associates increased its holdings in shares of U.S. Bancorp by 70.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 250 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of U.S. Bancorp in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 77.60% of the company's stock.

U.S. Bancorp Trading Down 0.4 %

Shares of U.S. Bancorp stock traded down $0.15 on Friday, hitting $39.90. 6,432,279 shares of the company's stock traded hands, compared to its average volume of 9,052,509. The company has a market capitalization of $62.16 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The company has a fifty day moving average of $41.87 and a two-hundred day moving average of $46.62. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.06. The business had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $6.92 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. During the same quarter last year, the firm earned $0.78 EPS. As a group, sell-side analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.50 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 5.01%. U.S. Bancorp's payout ratio is presently 49.50%.

Insider Activity at U.S. Bancorp

In other news, Director Aleem Gillani purchased 5,000 shares of the company's stock in a transaction 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 transaction, the director now directly owns 15,000 shares of the company's stock, valued at approximately $559,800. This represents a 50.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jodi L. Richard sold 30,000 shares of U.S. Bancorp stock in a transaction on Thursday, February 6th. The shares were 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 in the company, valued at approximately $4,749,006.10. This trade represents a 23.11 % 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 corporate insiders.

Analysts Set New Price Targets

USB has been the subject of a number of recent analyst reports. Raymond James restated an "outperform" rating and issued a $51.00 price objective (down previously from $57.00) on shares of U.S. Bancorp in a research report on Thursday, April 17th. DA Davidson dropped their target price on U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Citigroup reduced their target price on U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Piper Sandler lowered their price target on shares of U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, The Goldman Sachs Group lowered their price target on shares of U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $50.66.

U.S. Bancorp Company 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.