AJOVista LLC Takes $186,000 Position in U.S. Bancorp (NYSE:USB)

AJOVista LLC purchased a new stake in U.S. Bancorp (NYSE:USB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,300 shares of the financial services provider’s stock, valued at approximately $186,000.

A number of other hedge funds have also recently bought and sold shares of USB. Vanguard Group Inc. increased its stake in shares of U.S. Bancorp by 5.0% in the third quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock worth $4,513,127,000 after buying an additional 6,479,642 shares during the last quarter. Mufg Bank LTD. grew its stake in U.S. Bancorp by 54.1% in the third quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock worth $2,260,450,000 after purchasing an additional 24,000,000 shares in the last quarter. FMR LLC raised its stake in U.S. Bancorp by 1.8% during the third quarter. FMR LLC now owns 37,470,199 shares of the financial services provider’s stock valued at $1,238,765,000 after buying an additional 674,583 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of U.S. Bancorp by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,120,947 shares of the financial services provider’s stock worth $1,028,859,000 after acquiring an additional 1,610,004 shares in the last quarter. Finally, Aristotle Capital Management LLC increased its holdings in shares of U.S. Bancorp by 266.6% in the 3rd quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider’s stock valued at $775,842,000 after acquiring an additional 17,066,479 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the transaction, the executive vice president now owns 164,880 shares in the company, valued at approximately $6,837,573.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. UBS Group lowered their target price on shares of U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. DA Davidson cut their target price on U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. Wells Fargo & Company cut their price objective on shares of U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Morgan Stanley raised their target price on U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Finally, Oppenheimer reduced their price objective on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $46.02.

U.S. Bancorp Trading Up 1.1 %

USB traded up $0.44 during trading on Friday, reaching $41.41. 5,091,249 shares of the company’s stock were exchanged, compared to its average volume of 7,675,372. U.S. Bancorp has a fifty-two week low of $27.27 and a fifty-two week high of $45.85. The company’s fifty day moving average price is $42.32 and its 200-day moving average price is $40.41. 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 firm has a market capitalization of $64.62 billion, a PE ratio of 13.71, a P/E/G ratio of 2.14 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The company had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period last year, the firm posted $1.16 earnings per share. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. As a group, equities analysts forecast that U.S. Bancorp will post 3.84 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.73%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

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.