Bokf Na Has $10.11 Million Stock Holdings in U.S. Bancorp (NYSE:USB)

Bokf Na grew its holdings in U.S. Bancorp (NYSE:USB) by 29.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 229,955 shares of the financial services provider’s stock after buying an additional 52,684 shares during the quarter. Bokf Na’s holdings in U.S. Bancorp were worth $10,107,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in USB. Vanguard Group Inc. grew its holdings in shares of U.S. Bancorp by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 135,371,282 shares of the financial services provider’s stock worth $6,051,096,000 after purchasing an additional 502,776 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in U.S. Bancorp by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 33,719,110 shares of the financial services provider’s stock worth $1,459,363,000 after acquiring an additional 2,598,163 shares during the last quarter. Norges Bank bought a new stake in U.S. Bancorp during the 4th quarter worth about $827,370,000. Van ECK Associates Corp grew its holdings in U.S. Bancorp by 3.0% during the 1st quarter. Van ECK Associates Corp now owns 9,207,376 shares of the financial services provider’s stock worth $411,570,000 after acquiring an additional 265,734 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in U.S. Bancorp by 0.3% during the 1st quarter. First Eagle Investment Management LLC now owns 8,921,691 shares of the financial services provider’s stock worth $398,800,000 after acquiring an additional 23,826 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Trading Up 0.8 %

Shares of NYSE:USB traded up $0.37 during mid-day trading on Friday, reaching $45.46. The stock had a trading volume of 5,681,656 shares, compared to its average volume of 9,558,748. The firm has a market cap of $70.94 billion, a PE ratio of 15.05, a price-to-earnings-growth ratio of 4.39 and a beta of 1.04. The firm has a 50 day simple moving average of $40.74 and a two-hundred day simple moving average of $41.52. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.05. U.S. Bancorp has a twelve month low of $30.47 and a twelve month high of $45.85.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.04. The business had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.81 billion. U.S. Bancorp had a net margin of 12.55% and a return on equity of 13.34%. U.S. Bancorp’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period last year, the company posted $1.12 EPS. On average, research analysts predict that U.S. Bancorp will post 3.9 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.96 annualized dividend and a yield of 4.31%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 64.90%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on USB. DA Davidson increased their price objective on shares of U.S. Bancorp from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. Wells Fargo & Company upped their target price on shares of U.S. Bancorp from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $45.00 target price (down from $52.00) on shares of U.S. Bancorp in a research report on Thursday, April 18th. UBS Group upped their target price on shares of U.S. Bancorp from $43.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, July 18th. Finally, Royal Bank of Canada upped their target price on shares of U.S. Bancorp from $47.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, U.S. Bancorp currently has a consensus rating of “Hold” and a consensus price target of $47.76.

Insiders Place Their Bets

In related news, Director Aleem Gillani bought 10,000 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were purchased at an average cost of $44.99 per share, for a total transaction of $449,900.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $449,900. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.23% of the company’s stock.

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.