DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Buys 6,096 Shares of U.S. Bancorp (NYSE:USB)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of U.S. Bancorp (NYSE:USB) by 202.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,100 shares of the financial services provider’s stock after purchasing an additional 6,096 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in U.S. Bancorp were worth $435,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Winch Advisory Services LLC raised its position in shares of U.S. Bancorp by 1,088.9% in the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock valued at $26,000 after buying an additional 490 shares in the last quarter. J.Safra Asset Management Corp bought a new stake in U.S. Bancorp during the fourth quarter worth $26,000. FPC Investment Advisory Inc. acquired a new stake in shares of U.S. Bancorp in the 4th quarter valued at $28,000. Stonebridge Financial Group LLC bought a new position in shares of U.S. Bancorp in the 4th quarter valued at $30,000. Finally, Picton Mahoney Asset Management acquired a new position in shares of U.S. Bancorp during the 4th quarter worth $30,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on USB shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $43.50 price objective (down from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. Barclays decreased their price target on shares of U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Citigroup dropped their price objective on shares of U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Morgan Stanley decreased their target price on shares of U.S. Bancorp from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Finally, Raymond James reiterated an “outperform” rating and set a $51.00 price target (down from $57.00) on shares of U.S. Bancorp in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, U.S. Bancorp has an average rating of “Moderate Buy” and a consensus target price of $50.48.

U.S. Bancorp Stock Performance

NYSE:USB opened at $42.01 on Monday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98. The company has a 50 day simple moving average of $40.71 and a two-hundred day simple moving average of $46.12. The company has a market capitalization 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 posted its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.06. The company had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.92 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. During the same period in the prior year, the company posted $0.78 earnings per share. Research analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 49.50%.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani purchased 5,000 shares of the company’s stock in a transaction on Monday, April 21st. The shares were purchased at an average cost of $37.32 per share, with a total value of $186,600.00. Following the completion of the purchase, the director now owns 15,000 shares in the company, valued at $559,800. This represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is owned by corporate insiders.

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.