115,644 Shares in U.S. Bancorp (NYSE:USB) Bought by Bcwm LLC

Bcwm LLC bought a new stake in U.S. Bancorp (NYSE:USB) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 115,644 shares of the financial services provider’s stock, valued at approximately $5,531,000. U.S. Bancorp accounts for 2.0% of Bcwm LLC’s holdings, making the stock its 23rd largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in USB. Brandywine Global Investment Management LLC acquired a new stake in U.S. Bancorp in the 4th quarter valued at $20,119,000. Schroder Investment Management Group increased its position in shares of U.S. Bancorp by 44.7% during the fourth quarter. Schroder Investment Management Group now owns 2,491,162 shares of the financial services provider’s stock worth $118,953,000 after acquiring an additional 768,999 shares in the last quarter. Allianz SE acquired a new stake in shares of U.S. Bancorp in the 4th quarter worth about $193,000. Michael A. Dubis Financial Planning LLC bought a new position in U.S. Bancorp in the 4th quarter valued at about $283,000. Finally, Allstate Corp acquired a new position in U.S. Bancorp during the 4th quarter valued at about $2,228,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In other news, insider Jodi L. Richard sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $47.59, for a total transaction of $1,427,700.00. Following the transaction, the insider now directly owns 99,790 shares of the company’s stock, valued at approximately $4,749,006.10. The trade was a 23.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Terrance R. Dolan sold 66,317 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was 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 of the company’s stock, valued at $9,837,274.72. The trade was a 24.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 219,812 shares of company stock worth $10,385,665. 0.23% of the stock is currently owned by company insiders.

U.S. Bancorp Stock Performance

U.S. Bancorp stock opened at $42.21 on Friday. The firm has a fifty day simple moving average of $45.74 and a two-hundred day simple moving average of $47.57. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98. The company has a market capitalization of $65.77 billion, a PE ratio of 11.14, a P/E/G ratio of 1.73 and a beta of 1.02. 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 (NYSE:USB) last posted its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. During the same period last year, the company earned $0.99 EPS. U.S. Bancorp’s revenue for the quarter was up 3.7% compared to the same quarter last year. Research analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date is Monday, March 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 52.77%.

Wall Street Analysts Forecast Growth

USB has been the topic of a number of recent research reports. Raymond James upgraded U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 target price on the stock in a report on Thursday, December 19th. Bank of America dropped their price objective on U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. Barclays upped their price objective on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Morgan Stanley decreased their price target on U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Wells Fargo & Company cut their price objective on U.S. Bancorp from $62.00 to $56.00 and set an “overweight” rating on the stock in a research report on Friday. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $53.21.

U.S. Bancorp 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.