Quadrature Capital Ltd Makes New Investment in U.S. Bancorp (NYSE:USB)

Quadrature Capital Ltd bought a new position in U.S. Bancorp (NYSE:USB) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 30,276 shares of the financial services provider’s stock, valued at approximately $1,353,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in USB. Planned Solutions Inc. acquired a new position in shares of U.S. Bancorp in the fourth quarter worth about $27,000. Naples Money Management LLC purchased a new stake in shares of U.S. Bancorp in the fourth quarter worth approximately $30,000. Financial Synergies Wealth Advisors Inc. purchased a new stake in shares of U.S. Bancorp in the first quarter worth approximately $30,000. Eagle Bay Advisors LLC lifted its position in shares of U.S. Bancorp by 93.2% in the first quarter. Eagle Bay Advisors LLC now owns 686 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 331 shares in the last quarter. Finally, Crewe Advisors LLC purchased a new stake in shares of U.S. Bancorp in the first quarter worth approximately $39,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at U.S. Bancorp

In related news, Director Aleem Gillani acquired 10,000 shares of the stock in a transaction dated Thursday, July 18th. The shares were acquired at an average price of $44.99 per share, for a total transaction of $449,900.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at approximately $449,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Stock Performance

Shares of NYSE:USB traded up $0.37 during 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. U.S. Bancorp has a 52 week low of $30.47 and a 52 week high of $45.85. The firm has a market capitalization of $70.94 billion, a price-to-earnings ratio of 15.05, a P/E/G ratio of 4.36 and a beta of 1.04. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.05. The stock has a fifty day simple moving average of $40.74 and a two-hundred day simple moving average of $41.52.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the company posted $1.12 earnings per share. As a group, analysts anticipate that U.S. Bancorp will post 3.9 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $0.49 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.96 annualized dividend and a dividend yield of 4.31%. U.S. Bancorp’s payout ratio is 64.90%.

Analyst Ratings Changes

A number of analysts have recently issued reports on USB shares. Evercore ISI increased their price target on shares of U.S. Bancorp from $45.00 to $48.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. Citigroup increased their price target on shares of U.S. Bancorp from $45.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. DA Davidson increased their price target on shares of U.S. Bancorp from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. The Goldman Sachs Group raised their price objective on shares of U.S. Bancorp from $42.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, July 18th. Finally, UBS Group raised their price objective 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. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $47.76.

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.