Anchyra Partners LLC Purchases Shares of 16,000 U.S. Bancorp $USB

Anchyra Partners LLC bought a new position in shares of U.S. Bancorp (NYSE:USB) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 16,000 shares of the financial services provider’s stock, valued at approximately $854,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC boosted its stake in U.S. Bancorp by 3,451.9% during the 4th quarter. SG Americas Securities LLC now owns 4,332,659 shares of the financial services provider’s stock valued at $231,191,000 after purchasing an additional 4,210,676 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of U.S. Bancorp by 354.5% in the second quarter. AQR Capital Management LLC now owns 2,855,350 shares of the financial services provider’s stock worth $129,205,000 after purchasing an additional 2,227,103 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of U.S. Bancorp by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 146,376,783 shares of the financial services provider’s stock worth $7,810,665,000 after purchasing an additional 1,828,404 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of U.S. Bancorp by 16.4% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 11,598,572 shares of the financial services provider’s stock valued at $560,559,000 after purchasing an additional 1,631,550 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new position in shares of U.S. Bancorp in the third quarter valued at approximately $78,684,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Evercore upped their price target on U.S. Bancorp from $60.00 to $65.00 and gave the stock an “in-line” rating in a report on Thursday, February 5th. Oppenheimer raised their price objective on U.S. Bancorp from $71.00 to $73.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Barclays lifted their price objective on shares of U.S. Bancorp from $65.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. Morgan Stanley set a $64.00 target price on shares of U.S. Bancorp in a report on Friday, April 17th. Finally, TD Cowen raised their price target on shares of U.S. Bancorp from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.18.

Insider Activity at U.S. Bancorp

In other news, insider Mark G. Runkel sold 32,195 shares of U.S. Bancorp stock in a transaction on Friday, February 6th. The stock was sold at an average price of $60.65, for a total value of $1,952,626.75. Following the completion of the transaction, the insider directly owned 97,728 shares in the company, valued at approximately $5,927,203.20. The trade was a 24.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jodi L. Richard sold 40,000 shares of the stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total value of $2,280,000.00. Following the sale, the insider directly owned 207,251 shares in the company, valued at $11,813,307. This trade represents a 16.18% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is currently owned by company insiders.

U.S. Bancorp Trading Up 0.1%

Shares of USB stock opened at $55.62 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. The firm has a market cap of $86.34 billion, a P/E ratio of 11.66, a PEG ratio of 1.00 and a beta of 1.01. The company has a 50 day moving average of $54.25 and a 200-day moving average of $52.68. U.S. Bancorp has a 12-month low of $39.28 and a 12-month high of $61.19.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.04. U.S. Bancorp had a return on equity of 18.26% and a net margin of 18.01%.The business had revenue of $7.32 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same period in the prior year, the company earned $1.03 earnings per share. U.S. Bancorp’s revenue was up 4.7% compared to the same quarter last year. Sell-side analysts anticipate that U.S. Bancorp will post 5.09 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Tuesday, March 31st. U.S. Bancorp’s dividend payout ratio (DPR) is currently 43.61%.

About U.S. Bancorp

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.