TD Waterhouse Canada Inc. Grows Position in U.S. Bancorp (NYSE:USB)

TD Waterhouse Canada Inc. boosted its position in shares of U.S. Bancorp (NYSE:USB) by 4.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 202,917 shares of the financial services provider’s stock after buying an additional 9,053 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in U.S. Bancorp were worth $9,712,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Winch Advisory Services LLC boosted its holdings in shares of U.S. Bancorp by 1,088.9% during the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 490 shares during the period. J.Safra Asset Management Corp purchased a new stake in U.S. Bancorp in the 4th quarter worth approximately $26,000. FPC Investment Advisory Inc. purchased a new stake in U.S. Bancorp in the 4th quarter worth approximately $28,000. Global Wealth Strategies & Associates increased its stake in shares of U.S. Bancorp by 70.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock valued at $29,000 after buying an additional 250 shares during the period. Finally, Stonebridge Financial Group LLC bought a new position in shares of U.S. Bancorp during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling

In related news, insider Terrance R. Dolan sold 66,317 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the completion of the sale, the insider now directly owns 209,482 shares in the company, valued at approximately $9,837,274.72. The trade was a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Aleem Gillani purchased 5,000 shares of the company’s stock in a transaction dated Monday, April 21st. The shares were acquired at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the purchase, the director now directly owns 15,000 shares in the company, valued at approximately $559,800. The trade was a 50.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 219,812 shares of company stock valued at $10,385,665 over the last 90 days. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on USB. Royal Bank of Canada reduced their price objective on shares of U.S. Bancorp from $57.00 to $50.00 and set an “outperform” rating on the stock in a research report on Thursday, April 17th. Raymond James reissued an “outperform” rating and issued a $51.00 price target (down from $57.00) on shares of U.S. Bancorp in a research note on Thursday, April 17th. Barclays reduced their target price on U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Citigroup lowered their target price on U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $43.50 price target (down from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $50.66.

U.S. Bancorp Trading Down 0.9 %

U.S. Bancorp stock opened at $37.85 on Tuesday. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The business’s fifty day moving average is $42.35 and its 200 day moving average is $46.76. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The stock has a market capitalization of $58.97 billion, a PE ratio of 9.99, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. The firm had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.92 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. During the same period in the previous year, the business posted $0.78 earnings per share. On average, sell-side analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.28%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 49.50%.

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.