Daiwa Securities Group Inc. Boosts Stock Holdings in U.S. Bancorp (NYSE:USB)

Daiwa Securities Group Inc. grew its position in U.S. Bancorp (NYSE:USB) by 6.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 138,280 shares of the financial services provider’s stock after purchasing an additional 8,071 shares during the period. Daiwa Securities Group Inc.’s holdings in U.S. Bancorp were worth $5,985,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. KLCM Advisors Inc. grew its position in U.S. Bancorp by 0.7% in the 4th quarter. KLCM Advisors Inc. now owns 132,701 shares of the financial services provider’s stock worth $5,743,000 after purchasing an additional 961 shares in the last quarter. Rakuten Securities Inc. purchased a new position in shares of U.S. Bancorp in the 4th quarter worth approximately $53,000. Tyche Wealth Partners LLC purchased a new position in shares of U.S. Bancorp in the 4th quarter worth approximately $728,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of U.S. Bancorp by 80.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 490,178 shares of the financial services provider’s stock valued at $21,215,000 after acquiring an additional 218,132 shares in the last quarter. Finally, West Paces Advisors Inc. increased its position in shares of U.S. Bancorp by 14.0% during the fourth quarter. West Paces Advisors Inc. now owns 17,140 shares of the financial services provider’s stock valued at $742,000 after acquiring an additional 2,109 shares during the last quarter. 77.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on USB. Oppenheimer cut their price objective on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a research report on Thursday. DA Davidson cut their price target on shares of U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday. Wells Fargo & Company decreased their price objective on shares of U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Thursday. TheStreet upgraded shares of U.S. Bancorp from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. Finally, HSBC upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and raised their price target for the stock from $47.00 to $53.00 in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $46.68.

U.S. Bancorp Trading Up 2.6 %

Shares of U.S. Bancorp stock opened at $40.45 on Friday. The company’s 50-day moving average price is $42.32 and its 200-day moving average price is $39.78. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. U.S. Bancorp has a 12-month low of $27.27 and a 12-month high of $45.85. The company has a market cap of $63.03 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 2.05 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.01. The business had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.16 EPS. On average, equities analysts expect that U.S. Bancorp will post 3.85 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 4.85%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s payout ratio is 64.90%.

Insiders Place Their Bets

In other news, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp 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 sale, the executive vice president now owns 164,880 shares in the company, valued at approximately $6,837,573.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP James L. Chosy sold 21,582 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the sale, the insider now owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

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.