Daiwa Securities Group Inc. Buys 8,071 Shares of U.S. Bancorp (NYSE:USB)

Daiwa Securities Group Inc. boosted its stake in shares of U.S. Bancorp (NYSE:USB) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,280 shares of the financial services provider’s stock after acquiring an additional 8,071 shares during the quarter. Daiwa Securities Group Inc.’s holdings in U.S. Bancorp were worth $5,985,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Barclays cut their price target on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday. Jefferies Financial Group boosted their target price on shares of U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. Evercore ISI increased their price target on shares of U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a research note on Thursday, March 28th. UBS Group dropped their price objective on shares of U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday. Finally, HSBC upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and increased their price objective for the company from $47.00 to $53.00 in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $46.68.

U.S. Bancorp Price Performance

NYSE:USB opened at $40.45 on Friday. U.S. Bancorp has a 52-week low of $27.27 and a 52-week high of $45.85. The company has a market cap of $63.03 billion, a P/E ratio of 13.39, a P/E/G ratio of 2.05 and a beta of 1.05. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. The stock’s 50-day simple moving average is $42.32 and its 200 day simple moving average is $39.78.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The firm had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The business’s revenue was down 6.4% compared to the same quarter last year. During the same period last year, the company earned $1.16 earnings per share. As a group, sell-side analysts forecast that U.S. Bancorp will post 3.85 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders 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 of this dividend was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is currently 64.90%.

Insider Activity

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