U.S. Bancorp (NYSE:USB) Shares Acquired by Townsquare Capital LLC

Townsquare Capital LLC boosted its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 35.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 234,217 shares of the financial services provider's stock after buying an additional 60,916 shares during the period. Townsquare Capital LLC's holdings in U.S. Bancorp were worth $11,203,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP boosted its stake in shares of U.S. Bancorp by 2.6% during the fourth quarter. Capital Performance Advisors LLP now owns 8,188 shares of the financial services provider's stock valued at $392,000 after purchasing an additional 210 shares during the period. HCR Wealth Advisors boosted its position in U.S. Bancorp by 1.1% in the 4th quarter. HCR Wealth Advisors now owns 20,107 shares of the financial services provider's stock valued at $962,000 after buying an additional 211 shares during the period. Covestor Ltd grew its stake in U.S. Bancorp by 12.3% in the 4th quarter. Covestor Ltd now owns 1,955 shares of the financial services provider's stock worth $94,000 after acquiring an additional 214 shares in the last quarter. Priebe Wealth Holdings LLC raised its stake in shares of U.S. Bancorp by 4.4% during the fourth quarter. Priebe Wealth Holdings LLC now owns 5,078 shares of the financial services provider's stock valued at $243,000 after acquiring an additional 215 shares in the last quarter. Finally, Essex Savings Bank boosted its holdings in shares of U.S. Bancorp by 1.8% in the fourth quarter. Essex Savings Bank now owns 12,350 shares of the financial services provider's stock valued at $591,000 after purchasing an additional 216 shares during the period. Hedge funds and other institutional investors own 77.60% of the company's stock.

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U.S. Bancorp Stock Performance

NYSE:USB traded down $0.82 during midday trading on Wednesday, hitting $37.81. The company's stock had a trading volume of 17,380,895 shares, compared to its average volume of 9,042,879. 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 has a fifty-two week low of $35.18 and a fifty-two week high of $53.98. The firm's 50 day moving average is $43.10 and its 200-day moving average is $46.93. The firm has a market cap of $58.91 billion, a P/E ratio of 9.98, a P/E/G ratio of 1.73 and a beta of 0.91.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.97 by $0.06. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates 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 period in the prior year, the company earned $0.78 earnings per share. Equities analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given 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 yield of 5.29%. U.S. Bancorp's payout ratio is presently 52.77%.

Insider Activity at U.S. Bancorp

In other news, EVP James L. Chosy sold 21,451 shares of the company's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $47.65, for a total value of $1,022,140.15. Following the transaction, the executive vice president now owns 198,127 shares of the company's stock, valued at $9,440,751.55. This represents a 9.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Terrance R. Dolan sold 66,317 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the completion of the sale, the insider now owns 209,482 shares in the company, valued at approximately $9,837,274.72. This trade represents a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 219,812 shares of company stock valued at $10,385,665. Corporate insiders own 0.23% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on USB. Barclays raised their price objective on U.S. Bancorp from $57.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Wells Fargo & Company decreased their price objective on U.S. Bancorp from $62.00 to $56.00 and set an "overweight" rating for the company in a report on Friday, March 28th. DA Davidson upgraded shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and increased their target price for the stock from $58.00 to $60.00 in a report on Thursday, January 2nd. The Goldman Sachs Group reduced their price target on shares of U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Finally, Citigroup dropped their price objective on shares of U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $52.52.

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.