Deutsche Bank AG Grows Holdings in U.S. Bancorp (NYSE:USB)

Deutsche Bank AG raised its position in shares of U.S. Bancorp (NYSE:USB) by 9.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,097,014 shares of the financial services provider’s stock after purchasing an additional 344,404 shares during the period. Deutsche Bank AG’s holdings in U.S. Bancorp were worth $195,960,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP boosted its holdings in U.S. Bancorp by 2.6% in the 4th quarter. Capital Performance Advisors LLP now owns 8,188 shares of the financial services provider’s stock worth $392,000 after buying an additional 210 shares during the period. HCR Wealth Advisors boosted its stake in shares of U.S. Bancorp by 1.1% in the fourth quarter. HCR Wealth Advisors now owns 20,107 shares of the financial services provider’s stock worth $962,000 after acquiring an additional 211 shares during the period. Covestor Ltd grew its position in shares of U.S. Bancorp by 12.3% during the fourth quarter. Covestor Ltd now owns 1,955 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 214 shares in the last quarter. Priebe Wealth Holdings LLC raised its stake in U.S. Bancorp by 4.4% during the 4th quarter. Priebe Wealth Holdings LLC now owns 5,078 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 215 shares during the period. Finally, Essex Savings Bank lifted its holdings in U.S. Bancorp by 1.8% in the 4th quarter. Essex Savings Bank now owns 12,350 shares of the financial services provider’s stock worth $591,000 after purchasing an additional 216 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on USB shares. Wolfe Research raised shares of U.S. Bancorp from a “peer perform” rating to an “outperform” rating and set a $49.00 target price for the company in a research note on Thursday, April 3rd. Oppenheimer lifted their target price on U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a report on Monday, April 28th. JPMorgan Chase & Co. restated an “underweight” rating and set a $43.50 price target (down previously from $51.00) on shares of U.S. Bancorp in a report on Thursday, April 3rd. Raymond James reaffirmed an “outperform” rating and set a $51.00 price objective (down from $57.00) on shares of U.S. Bancorp in a report on Thursday, April 17th. Finally, DA Davidson cut their target price on shares of U.S. Bancorp from $54.00 to $49.00 and set a “buy” rating for the company in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $50.48.

U.S. Bancorp Stock Down 0.3 %

USB opened at $42.01 on Friday. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The business has a 50 day moving average price of $40.71 and a two-hundred day moving average price of $46.15. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The company has a market cap of $65.45 billion, a PE ratio of 11.08, a P/E/G ratio of 1.73 and a beta of 0.97.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same period in the previous year, the business posted $0.78 earnings per share. As a group, research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.50 per share. The ex-dividend date was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.76%. U.S. Bancorp’s payout ratio is 49.50%.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani purchased 5,000 shares of U.S. Bancorp stock in a transaction on Monday, April 21st. The shares were bought at an average price of $37.32 per share, with a total value of $186,600.00. Following the completion of the acquisition, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $559,800. This trade represents a 50.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate 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.