Brooklyn Investment Group Acquires 410 Shares of U.S. Bancorp (NYSE:USB)

Brooklyn Investment Group lifted its holdings in U.S. Bancorp (NYSE:USB) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,202 shares of the financial services provider’s stock after acquiring an additional 410 shares during the period. Brooklyn Investment Group’s holdings in U.S. Bancorp were worth $249,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Renaissance Technologies LLC purchased a new stake in U.S. Bancorp in the 2nd quarter worth $9,198,000. Mercer Global Advisors Inc. ADV increased its holdings in shares of U.S. Bancorp by 4.3% in the second quarter. Mercer Global Advisors Inc. ADV now owns 180,386 shares of the financial services provider’s stock worth $7,757,000 after purchasing an additional 7,481 shares during the last quarter. Brighton Jones LLC lifted its position in shares of U.S. Bancorp by 55.8% in the second quarter. Brighton Jones LLC now owns 43,343 shares of the financial services provider’s stock worth $1,721,000 after buying an additional 15,531 shares in the last quarter. Ieq Capital LLC grew its holdings in U.S. Bancorp by 17.7% during the 2nd quarter. Ieq Capital LLC now owns 64,479 shares of the financial services provider’s stock valued at $2,560,000 after buying an additional 9,704 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in U.S. Bancorp by 2.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 122,232 shares of the financial services provider’s stock worth $4,852,000 after acquiring an additional 2,973 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Up 0.8 %

Shares of NYSE USB opened at $48.40 on Friday. U.S. Bancorp has a 52-week low of $37.81 and a 52-week high of $53.98. The firm has a market capitalization of $75.50 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 2.47 and a beta of 1.05. The stock has a 50 day moving average price of $50.18 and a 200 day moving average price of $46.78. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. The business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $7 billion. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.99 EPS. Sell-side analysts expect that U.S. Bancorp will post 3.91 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.13%. U.S. Bancorp’s dividend payout ratio is currently 61.16%.

Analysts Set New Price Targets

A number of research firms have recently commented on USB. Compass Point increased their target price on U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Morgan Stanley dropped their price objective on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Friday. Barclays increased their price target on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. DA Davidson raised U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $58.00 to $60.00 in a research note on Thursday, January 2nd. Finally, Evercore ISI upped their price objective on U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.21.

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.