U.S. Bancorp (NYSE:USB) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of U.S. Bancorp (NYSE:USB) by 48.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,284 shares of the financial services provider’s stock after acquiring an additional 5,940 shares during the period. GAMMA Investing LLC’s holdings in U.S. Bancorp were worth $817,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of USB. Vestor Capital LLC boosted its holdings in U.S. Bancorp by 1.5% during the fourth quarter. Vestor Capital LLC now owns 17,179 shares of the financial services provider’s stock worth $744,000 after buying an additional 253 shares during the last quarter. Mosaic Family Wealth Partners LLC boosted its holdings in U.S. Bancorp by 1.4% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider’s stock worth $832,000 after buying an additional 265 shares during the last quarter. Wealth Alliance boosted its holdings in U.S. Bancorp by 0.5% during the fourth quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock worth $2,131,000 after buying an additional 266 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in U.S. Bancorp by 8.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,757 shares of the financial services provider’s stock worth $163,000 after buying an additional 285 shares during the last quarter. Finally, United Community Bank raised its position in shares of U.S. Bancorp by 0.7% during the fourth quarter. United Community Bank now owns 40,371 shares of the financial services provider’s stock worth $1,747,000 after purchasing an additional 289 shares during the period. 77.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

USB has been the topic of a number of research analyst reports. HSBC raised U.S. Bancorp from a “hold” rating to a “buy” rating and raised their price target for the stock from $47.00 to $53.00 in a research report on Thursday, March 28th. Jefferies Financial Group raised their price target on U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. UBS Group dropped their price target on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Oppenheimer dropped their price target on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a research report on Thursday, April 18th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $47.00 target price on shares of U.S. Bancorp in a research report on Thursday, May 16th. Fifteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $46.02.

U.S. Bancorp Stock Performance

USB opened at $39.29 on Thursday. The business has a fifty day simple moving average of $40.49 and a 200 day simple moving average of $41.71. The company has a market capitalization of $61.31 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 3.77 and a beta of 1.04. U.S. Bancorp has a 1 year low of $30.47 and a 1 year high of $45.85. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. The business had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 EPS. Research analysts expect that U.S. Bancorp will post 3.85 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.96 annualized dividend and a yield of 4.99%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

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.