U.S. Bancorp (NYSE:USB) Shares Purchased by KBC Group NV

KBC Group NV boosted its position in shares of U.S. Bancorp (NYSE:USB) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 233,282 shares of the financial services provider’s stock after purchasing an additional 3,383 shares during the quarter. KBC Group NV’s holdings in U.S. Bancorp were worth $11,158,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of USB. Capital Asset Advisory Services LLC boosted its position in shares of U.S. Bancorp by 11.7% in the 4th quarter. Capital Asset Advisory Services LLC now owns 6,013 shares of the financial services provider’s stock worth $294,000 after buying an additional 630 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of U.S. Bancorp by 8.8% in the fourth quarter. Blue Trust Inc. now owns 16,459 shares of the financial services provider’s stock valued at $753,000 after purchasing an additional 1,336 shares in the last quarter. Stablepoint Partners LLC grew its position in shares of U.S. Bancorp by 1.9% in the fourth quarter. Stablepoint Partners LLC now owns 30,407 shares of the financial services provider’s stock valued at $1,454,000 after purchasing an additional 565 shares during the last quarter. Patton Albertson Miller Group LLC purchased a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $210,000. Finally, Grange Capital LLC purchased a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $689,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on USB. Wells Fargo & Company increased their target price on U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Morgan Stanley decreased their price objective on U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Raymond James raised 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 note on Thursday, December 19th. Oppenheimer lifted their price target on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Finally, Stephens upped their price objective on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $54.21.

U.S. Bancorp Stock Performance

NYSE:USB opened at $47.65 on Thursday. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98. The firm has a market capitalization of $74.34 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 1.81 and a beta of 1.05. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The firm’s fifty day simple moving average is $49.93 and its 200 day simple moving average is $47.30.

U.S. Bancorp (NYSE:USB) 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. As a group, equities research analysts expect that U.S. Bancorp will post 4.37 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.20%. U.S. Bancorp’s payout ratio is currently 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.