Deane Retirement Strategies Inc. Buys 667 Shares of U.S. Bancorp (NYSE:USB)

Deane Retirement Strategies Inc. increased its stake in U.S. Bancorp (NYSE:USB) by 1.0% in the fourth quarter, HoldingsChannel reports. The fund owned 70,753 shares of the financial services provider’s stock after purchasing an additional 667 shares during the period. U.S. Bancorp makes up about 1.7% of Deane Retirement Strategies Inc.’s portfolio, making the stock its 25th biggest position. Deane Retirement Strategies Inc.’s holdings in U.S. Bancorp were worth $3,384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of USB. AQR Capital Management LLC grew its holdings in shares of U.S. Bancorp by 414.4% in the second quarter. AQR Capital Management LLC now owns 572,617 shares of the financial services provider’s stock worth $22,653,000 after purchasing an additional 461,291 shares during the last quarter. Scientech Research LLC purchased a new stake in U.S. Bancorp during the 2nd quarter valued at $213,000. Northwestern Mutual Wealth Management Co. boosted its position in U.S. Bancorp by 1.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 187,996 shares of the financial services provider’s stock valued at $7,463,000 after buying an additional 2,725 shares during the period. NewEdge Advisors LLC grew its holdings in U.S. Bancorp by 11.8% in the 2nd quarter. NewEdge Advisors LLC now owns 90,312 shares of the financial services provider’s stock worth $3,585,000 after acquiring an additional 9,506 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of U.S. Bancorp in the second quarter valued at about $166,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. DA Davidson upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their target price for the stock from $58.00 to $60.00 in a report on Thursday, January 2nd. Evercore ISI increased their price objective on U.S. Bancorp from $51.00 to $54.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Robert W. Baird set a $54.00 target price on U.S. Bancorp in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft lowered U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price target for the company. in a research note on Thursday, October 24th. Finally, Compass Point boosted their price objective on shares of U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $54.21.

U.S. Bancorp Trading Down 2.1 %

U.S. Bancorp stock opened at $48.51 on Wednesday. U.S. Bancorp has a 12 month low of $37.81 and a 12 month high of $53.98. The company has a market capitalization of $75.67 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 1.81 and a beta of 1.05. The business’s fifty day simple moving average is $49.97 and its two-hundred day simple moving average is $47.25. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. U.S. Bancorp’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 EPS. As a group, equities analysts predict that U.S. Bancorp will post 4.37 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is currently 52.77%.

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.