U.S. Bancorp (NYSE:USB) Stock Holdings Lifted by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. grew its stake in shares of U.S. Bancorp (NYSE:USB) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,316 shares of the financial services provider’s stock after purchasing an additional 718 shares during the quarter. U.S. Bancorp makes up 1.2% of Tealwood Asset Management Inc.’s portfolio, making the stock its 19th largest holding. Tealwood Asset Management Inc.’s holdings in U.S. Bancorp were worth $2,933,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. FNY Investment Advisers LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $38,000. First Financial Corp IN acquired a new stake in U.S. Bancorp in the fourth quarter worth about $41,000. Pallas Capital Advisors LLC grew its position in U.S. Bancorp by 22.2% in the 4th quarter. Pallas Capital Advisors LLC now owns 11,363 shares of the financial services provider’s stock valued at $543,000 after buying an additional 2,062 shares in the last quarter. Miracle Mile Advisors LLC increased its stake in U.S. Bancorp by 96.6% during the 4th quarter. Miracle Mile Advisors LLC now owns 15,531 shares of the financial services provider’s stock valued at $743,000 after buying an additional 7,633 shares during the period. Finally, Eastern Bank raised its position in shares of U.S. Bancorp by 0.5% during the 4th quarter. Eastern Bank now owns 200,851 shares of the financial services provider’s stock worth $9,607,000 after buying an additional 906 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Jodi L. Richard sold 25,000 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $49.03, for a total value of $1,225,750.00. Following the completion of the transaction, the insider now directly owns 129,790 shares of the company’s stock, valued at approximately $6,363,603.70. This represents a 16.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on USB shares. Barclays raised their price objective on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Morgan Stanley upgraded U.S. Bancorp from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $54.00 to $57.00 in a research report on Monday, September 30th. Compass Point raised their target price on U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Citigroup upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $49.00 to $65.00 in a research report on Monday, November 25th. Finally, Evercore ISI raised their price objective on shares of U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $54.07.

U.S. Bancorp Price Performance

NYSE USB opened at $48.38 on Tuesday. The stock has a market capitalization of $75.47 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 3.01 and a beta of 1.05. The company has a 50 day moving average price of $50.22 and a two-hundred day moving average price of $46.61. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.04. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, October 16th. The financial services provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. The business had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.90 billion. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the business earned $1.05 earnings per share. As a group, equities analysts predict that U.S. Bancorp will post 3.93 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.50 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 4.13%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 61.16%.

U.S. Bancorp Company 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.