U.S. Bancorp (NYSE:USB) Shares Acquired by Mainstay Capital Management LLC ADV

Mainstay Capital Management LLC ADV raised its holdings in U.S. Bancorp (NYSE:USB) by 22.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,916 shares of the financial services provider’s stock after acquiring an additional 6,312 shares during the quarter. Mainstay Capital Management LLC ADV’s holdings in U.S. Bancorp were worth $1,511,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Scotia Capital Inc. increased its holdings in shares of U.S. Bancorp by 2.9% during the 3rd quarter. Scotia Capital Inc. now owns 35,012 shares of the financial services provider’s stock worth $1,158,000 after buying an additional 990 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of U.S. Bancorp by 292.1% in the 3rd quarter. National Bank of Canada FI now owns 1,386,413 shares of the financial services provider’s stock worth $44,555,000 after acquiring an additional 1,032,866 shares during the period. Tealwood Asset Management Inc. raised its stake in shares of U.S. Bancorp by 33.4% in the 4th quarter. Tealwood Asset Management Inc. now owns 62,539 shares of the financial services provider’s stock worth $2,707,000 after buying an additional 15,665 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of U.S. Bancorp by 19.4% in the 3rd quarter. Van ECK Associates Corp now owns 8,677,378 shares of the financial services provider’s stock worth $286,874,000 after purchasing an additional 1,410,324 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of U.S. Bancorp by 104.3% in the fourth quarter. SG Americas Securities LLC now owns 105,090 shares of the financial services provider’s stock valued at $4,548,000 after buying an additional 53,653 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on USB shares. HSBC raised U.S. Bancorp from a “hold” rating to a “buy” rating and upped their price target for the company from $47.00 to $53.00 in a research report on Thursday, March 28th. Morgan Stanley increased their price target on shares of U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. Compass Point raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their price target for the company from $46.00 to $49.00 in a report on Friday, March 22nd. Royal Bank of Canada lifted their price objective on U.S. Bancorp from $43.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Finally, StockNews.com cut U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, U.S. Bancorp currently has a consensus rating of “Hold” and a consensus target price of $46.65.

U.S. Bancorp Trading Up 0.3 %

Shares of U.S. Bancorp stock traded up $0.11 during trading on Friday, reaching $43.03. The company’s stock had a trading volume of 4,580,222 shares, compared to its average volume of 7,664,791. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.05. U.S. Bancorp has a 52-week low of $27.27 and a 52-week high of $45.85. The firm’s 50-day moving average is $42.22 and its two-hundred day moving average is $39.21. The company has a market cap of $67.05 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 2.22 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.28. The firm had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $6.85 billion. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm earned $1.20 earnings per share. On average, sell-side analysts anticipate that U.S. Bancorp will post 3.87 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 4.55%. The ex-dividend date is Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is currently 59.76%.

Insider Activity at U.S. Bancorp

In other news, insider Timothy A. Welsh sold 12,100 shares of the firm’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $40.33, for a total value of $487,993.00. Following the completion of the sale, the insider now directly owns 106,958 shares of the company’s stock, valued at approximately $4,313,616.14. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Timothy A. Welsh sold 12,100 shares of the company’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $40.33, for a total value of $487,993.00. Following the sale, the insider now directly owns 106,958 shares of the company’s stock, valued at $4,313,616.14. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP James L. Chosy sold 21,582 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the transaction, the executive vice president now owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The disclosure for this sale can be found here. Insiders have sold a total of 60,265 shares of company stock worth $2,535,903 over the last quarter. Corporate insiders own 0.23% of the company’s stock.

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.