Gulf International Bank UK Ltd Boosts Position in U.S. Bancorp (NYSE:USB)

Gulf International Bank UK Ltd boosted its holdings in shares of U.S. Bancorp (NYSE:USB) by 10.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 139,030 shares of the financial services provider’s stock after purchasing an additional 13,092 shares during the quarter. Gulf International Bank UK Ltd’s holdings in U.S. Bancorp were worth $6,214,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. CGC Financial Services LLC purchased a new position in U.S. Bancorp during the 4th quarter worth approximately $25,000. BKM Wealth Management LLC purchased a new position in U.S. Bancorp during the 4th quarter worth approximately $26,000. Planned Solutions Inc. purchased a new position in shares of U.S. Bancorp during the 4th quarter valued at approximately $27,000. Naples Money Management LLC purchased a new position in shares of U.S. Bancorp during the 4th quarter valued at approximately $30,000. Finally, Pineridge Advisors LLC purchased a new position in shares of U.S. Bancorp during the 4th quarter valued at approximately $41,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Trading Up 1.1 %

Shares of USB stock opened at $39.70 on Friday. The company’s 50-day moving average price is $40.40 and its 200-day moving average price is $41.71. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. The stock has a market cap of $61.95 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 3.77 and a beta of 1.04. 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, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. The firm had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The company’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS. As a group, equities analysts predict that U.S. Bancorp will post 3.85 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.49 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.96 annualized dividend and a yield of 4.94%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 64.90%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group lifted their target price on shares of U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a report on Monday, April 8th. Morgan Stanley reaffirmed an “equal weight” rating and set a $45.00 target price on shares of U.S. Bancorp in a report on Friday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $45.00 target price (down from $52.00) on shares of U.S. Bancorp in a report on Thursday, April 18th. Oppenheimer cut their target price on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a report on Thursday, April 18th. Finally, Barclays cut their price target on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Fifteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $46.02.

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.