Van Lanschot Kempen Investment Management N.V. Raises Holdings in U.S. Bancorp (NYSE:USB)

Van Lanschot Kempen Investment Management N.V. increased its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 448,238 shares of the financial services provider's stock after purchasing an additional 18,188 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in U.S. Bancorp were worth $21,439,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of USB. TD Waterhouse Canada Inc. boosted its stake in shares of U.S. Bancorp by 4.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 202,917 shares of the financial services provider's stock worth $9,712,000 after acquiring an additional 9,053 shares during the period. Tower Research Capital LLC TRC raised its position in shares of U.S. Bancorp by 159.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 100,941 shares of the financial services provider's stock valued at $4,828,000 after buying an additional 61,964 shares during the last quarter. Transce3nd LLC bought a new position in shares of U.S. Bancorp during the fourth quarter worth $109,000. Mirabella Financial Services LLP purchased a new position in U.S. Bancorp during the fourth quarter valued at $914,000. Finally, MML Investors Services LLC increased its holdings in U.S. Bancorp by 0.7% in the 4th quarter. MML Investors Services LLC now owns 816,765 shares of the financial services provider's stock valued at $39,066,000 after acquiring an additional 5,984 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company's stock.

U.S. Bancorp Stock Up 1.3 %

NYSE:USB traded up $0.50 during mid-day trading on Wednesday, reaching $39.50. The company's stock had a trading volume of 12,753,713 shares, compared to its average volume of 9,051,158. 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 1 year low of $35.18 and a 1 year high of $53.98. The stock has a fifty day moving average of $42.02 and a 200-day moving average of $46.65. The firm has a market capitalization of $61.54 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91.

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

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date was Monday, March 31st. U.S. Bancorp's dividend payout ratio (DPR) is currently 49.50%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on USB shares. Raymond James restated an "outperform" rating and set a $51.00 price objective (down previously from $57.00) on shares of U.S. Bancorp in a research report on Thursday, April 17th. Oppenheimer lifted their price objective on U.S. Bancorp from $62.00 to $63.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. Barclays lowered their target price on 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. Keefe, Bruyette & Woods reduced their price target on shares of U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating on the stock in a research report on Thursday, April 17th. Finally, DA Davidson decreased their price target on shares of U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, U.S. Bancorp has a consensus rating of "Moderate Buy" and a consensus price target of $50.66.

Insider Activity at U.S. Bancorp

In related news, insider Terrance R. Dolan sold 66,317 shares of U.S. Bancorp stock in a transaction that occurred 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 sale, the insider now directly owns 209,482 shares in the company, valued at $9,837,274.72. This trade represents a 24.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 price of $37.32 per share, with a total value of $186,600.00. Following the completion of the purchase, the director now directly owns 15,000 shares of the company's stock, valued at approximately $559,800. This trade represents a 50.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 219,812 shares of company stock valued at $10,385,665 over the last quarter. 0.23% of the stock is owned by corporate insiders.

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.