7,755 Shares in U.S. Bancorp (NYSE:USB) Purchased by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC purchased a new stake in shares of U.S. Bancorp (NYSE:USB) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 7,755 shares of the financial services provider’s stock, valued at approximately $327,000.

Several other institutional investors have also added to or reduced their stakes in USB. Norges Bank purchased a new position in U.S. Bancorp during the 4th quarter valued at approximately $777,524,000. Invesco Ltd. boosted its holdings in shares of U.S. Bancorp by 48.1% in the 4th quarter. Invesco Ltd. now owns 16,787,513 shares of the financial services provider’s stock worth $802,947,000 after purchasing an additional 5,449,949 shares during the period. Marshall Wace LLP boosted its holdings in shares of U.S. Bancorp by 414.1% in the 4th quarter. Marshall Wace LLP now owns 5,789,565 shares of the financial services provider’s stock worth $276,915,000 after purchasing an additional 4,663,518 shares during the period. Raymond James Financial Inc. purchased a new position in shares of U.S. Bancorp in the 4th quarter worth approximately $184,733,000. Finally, FMR LLC boosted its holdings in shares of U.S. Bancorp by 5.0% in the 4th quarter. FMR LLC now owns 67,125,746 shares of the financial services provider’s stock worth $3,210,624,000 after purchasing an additional 3,211,815 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insider Activity

In related news, Director Aleem Gillani purchased 5,000 shares of the business’s stock in a transaction dated Monday, April 21st. The shares were acquired at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the acquisition, the director now owns 15,000 shares of the company’s stock, valued at $559,800. The trade was a 50.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Trading Up 1.2%

Shares of NYSE USB opened at $43.20 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.11. The business has a fifty day simple moving average of $42.14 and a two-hundred day simple moving average of $44.84. The firm has a market cap of $67.30 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 1.62 and a beta of 0.99. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results 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. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. The business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.92 billion. During the same period last year, the business posted $0.78 EPS. Analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.63%. U.S. Bancorp’s dividend payout ratio is presently 49.50%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on USB. Wells Fargo & Company dropped their target price on U.S. Bancorp from $56.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Evercore ISI lifted their target price on U.S. Bancorp from $44.00 to $49.00 and gave the stock an “in-line” rating in a report on Wednesday, June 4th. Cowen began coverage on U.S. Bancorp in a report on Wednesday, May 14th. They issued a “buy” rating for the company. Royal Bank Of Canada dropped their target price on U.S. Bancorp from $57.00 to $50.00 and set an “outperform” rating for the company in a report on Thursday, April 17th. Finally, Bank of America dropped their target price on U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating for the company in a report on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.72.

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.