U.S. Bancorp (NYSE:USB) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. raised its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 46.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 171,083 shares of the financial services provider's stock after acquiring an additional 54,514 shares during the quarter. Pacer Advisors Inc.'s holdings in U.S. Bancorp were worth $8,183,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Winch Advisory Services LLC raised its stake in shares of U.S. Bancorp by 1,088.9% during the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock worth $26,000 after purchasing an additional 490 shares during the last quarter. Frazier Financial Advisors LLC increased its stake in shares of U.S. Bancorp by 222.7% during the third quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider's stock worth $29,000 after acquiring an additional 441 shares during the period. Global Wealth Strategies & Associates lifted its position in 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 during the period. Albion Financial Group UT increased its position in U.S. Bancorp by 92.8% during the 4th quarter. Albion Financial Group UT now owns 696 shares of the financial services provider's stock worth $33,000 after purchasing an additional 335 shares during the period. Finally, Global Trust Asset Management LLC purchased a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 77.60% of the company's stock.

Analyst Ratings Changes

USB has been the subject of a number of recent analyst reports. Morgan Stanley reduced their target price on U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Robert W. Baird set a $54.00 price target on U.S. Bancorp in a report on Thursday, October 17th. Evercore ISI boosted their price objective on shares of U.S. Bancorp from $51.00 to $54.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. Raymond James upgraded shares of U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 target price for the company in a research report on Thursday, December 19th. Finally, Citigroup upgraded U.S. Bancorp from a "neutral" rating to a "buy" rating and lifted their price objective 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 given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $54.21.

U.S. Bancorp Trading Up 0.8 %

Shares of USB stock traded up $0.38 during mid-day trading on Thursday, reaching $48.04. The company's stock had a trading volume of 6,670,017 shares, compared to its average volume of 9,684,543. The company's 50 day simple moving average is $49.87 and its 200-day simple moving average is $47.30. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98. The firm has a market capitalization of $74.94 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 1.81 and a beta of 1.05.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The company's revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 earnings per share. On average, research analysts predict that U.S. Bancorp will post 4.37 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp's dividend payout ratio (DPR) is 52.77%.

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.