TD Asset Management Inc Buys 20,738 Shares of U.S. Bancorp $USB

TD Asset Management Inc increased its stake in shares of U.S. Bancorp (NYSE:USB) by 2.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 765,366 shares of the financial services provider’s stock after acquiring an additional 20,738 shares during the quarter. TD Asset Management Inc’s holdings in U.S. Bancorp were worth $40,840,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Paulson Wealth Management Inc. grew its stake in shares of U.S. Bancorp by 2.0% during the fourth quarter. Paulson Wealth Management Inc. now owns 8,780 shares of the financial services provider’s stock valued at $469,000 after purchasing an additional 173 shares during the last quarter. Gilbert & Cook Inc. grew its stake in shares of U.S. Bancorp by 1.2% during the fourth quarter. Gilbert & Cook Inc. now owns 15,590 shares of the financial services provider’s stock valued at $832,000 after purchasing an additional 184 shares during the last quarter. Flputnam Investment Management Co. grew its stake in shares of U.S. Bancorp by 1.4% during the fourth quarter. Flputnam Investment Management Co. now owns 13,721 shares of the financial services provider’s stock valued at $732,000 after purchasing an additional 186 shares during the last quarter. Genesis Private Wealth LLC grew its stake in shares of U.S. Bancorp by 2.3% during the fourth quarter. Genesis Private Wealth LLC now owns 8,348 shares of the financial services provider’s stock valued at $445,000 after purchasing an additional 187 shares during the last quarter. Finally, RiverFront Investment Group LLC grew its stake in shares of U.S. Bancorp by 3.0% during the fourth quarter. RiverFront Investment Group LLC now owns 6,623 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 196 shares during the last quarter. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Trading Up 0.4%

USB opened at $55.70 on Friday. The firm’s fifty day moving average is $54.71 and its two-hundred day moving average is $54.16. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $86.39 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 1.00 and a beta of 0.97. U.S. Bancorp has a twelve month low of $42.55 and a twelve month high of $61.19.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.04. The company had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.27 billion. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $1.03 earnings per share. Equities research analysts anticipate that U.S. Bancorp will post 5.09 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.52 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $2.08 annualized dividend and a yield of 3.7%. U.S. Bancorp’s dividend payout ratio (DPR) is 43.61%.

Analysts Set New Price Targets

Several research firms have recently commented on USB. JPMorgan Chase & Co. decreased their price target on shares of U.S. Bancorp from $58.00 to $57.50 and set an “underweight” rating on the stock in a research note on Thursday, April 30th. Wall Street Zen cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday. Oppenheimer increased their price target on shares of U.S. Bancorp from $73.00 to $74.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. DA Davidson reissued a “buy” rating and set a $65.00 price target on shares of U.S. Bancorp in a research note on Friday, April 17th. Finally, Royal Bank Of Canada increased their price target on shares of U.S. Bancorp from $59.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.20.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 40,000 shares of the stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total value of $2,280,000.00. Following the sale, the insider directly owned 207,251 shares in the company, valued at approximately $11,813,307. This trade represents a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Venkatachari Dilip sold 34,522 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the completion of the sale, the executive vice president owned 51,292 shares in the company, valued at approximately $2,847,731.84. This trade represents a 40.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.21% of the company’s stock.

About U.S. Bancorp

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.