Rakuten Securities Inc. Purchases New Shares in U.S. Bancorp (NYSE:USB)

Rakuten Securities Inc. acquired a new stake in U.S. Bancorp (NYSE:USB) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 1,217 shares of the financial services provider’s stock, valued at approximately $53,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of USB. Tyche Wealth Partners LLC bought a new position in shares of U.S. Bancorp in the fourth quarter valued at about $728,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of U.S. Bancorp by 80.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 490,178 shares of the financial services provider’s stock worth $21,215,000 after acquiring an additional 218,132 shares during the last quarter. West Paces Advisors Inc. raised its stake in shares of U.S. Bancorp by 14.0% in the fourth quarter. West Paces Advisors Inc. now owns 17,140 shares of the financial services provider’s stock worth $742,000 after acquiring an additional 2,109 shares during the last quarter. Wealth Alliance grew its stake in shares of U.S. Bancorp by 0.5% during the fourth quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock valued at $2,131,000 after purchasing an additional 266 shares during the last quarter. Finally, Imprint Wealth LLC increased its holdings in shares of U.S. Bancorp by 9.5% in the fourth quarter. Imprint Wealth LLC now owns 8,336 shares of the financial services provider’s stock valued at $365,000 after purchasing an additional 722 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Stock Down 3.6 %

Shares of U.S. Bancorp stock opened at $39.52 on Thursday. U.S. Bancorp has a 1 year low of $27.27 and a 1 year high of $45.85. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $61.58 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 2.12 and a beta of 1.05. The business has a 50-day moving average of $42.33 and a two-hundred day moving average of $39.72.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The business had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.71 billion. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. U.S. Bancorp’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.16 EPS. As a group, equities analysts predict that U.S. Bancorp will post 3.87 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.96%. U.S. Bancorp’s payout ratio is 59.76%.

Insider Activity at U.S. Bancorp

In related news, insider Terrance R. Dolan sold 26,583 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the transaction, the insider now directly owns 144,236 shares in the company, valued at $6,255,515.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the transaction, the insider now owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP James L. Chosy sold 21,582 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the transaction, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on USB shares. TheStreet raised U.S. Bancorp from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. Stephens lowered U.S. Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 20th. Compass Point upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their target price for the company from $46.00 to $49.00 in a research report on Friday, March 22nd. Jefferies Financial Group lifted their price target on shares of U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Finally, StockNews.com lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $47.09.

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.