TCW Group Inc. Acquires 1,228 Shares of U.S. Bancorp (NYSE:USB)

TCW Group Inc. grew its holdings in shares of U.S. Bancorp (NYSE:USB) by 5.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,051 shares of the financial services provider’s stock after purchasing an additional 1,228 shares during the quarter. TCW Group Inc.’s holdings in U.S. Bancorp were worth $973,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in USB. Invesco Ltd. boosted its position in U.S. Bancorp by 48.1% during the fourth quarter. Invesco Ltd. now owns 16,787,513 shares of the financial services provider’s stock worth $802,947,000 after purchasing an additional 5,449,949 shares during the period. Marshall Wace LLP boosted its position in U.S. Bancorp by 414.1% during the fourth quarter. Marshall Wace LLP now owns 5,789,565 shares of the financial services provider’s stock worth $276,915,000 after purchasing an additional 4,663,518 shares during the period. FMR LLC boosted its position in U.S. Bancorp by 5.0% during the fourth quarter. FMR LLC now owns 67,125,746 shares of the financial services provider’s stock worth $3,210,624,000 after purchasing an additional 3,211,815 shares during the period. Northern Trust Corp boosted its position in U.S. Bancorp by 10.9% during the fourth quarter. Northern Trust Corp now owns 17,050,568 shares of the financial services provider’s stock worth $815,529,000 after purchasing an additional 1,670,305 shares during the period. Finally, GAMMA Investing LLC boosted its position in U.S. Bancorp by 4,160.7% during the first quarter. GAMMA Investing LLC now owns 1,547,616 shares of the financial services provider’s stock worth $65,340,000 after purchasing an additional 1,511,293 shares during the period. Institutional investors own 77.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on USB shares. Cowen began coverage on shares of U.S. Bancorp in a research report on Wednesday, May 14th. They set a “buy” rating for the company. Royal Bank Of Canada cut their price objective on shares of U.S. Bancorp from $57.00 to $50.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th. Wall Street Zen upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $43.50 price objective (down from $51.00) on shares of U.S. Bancorp in a research report on Thursday, April 3rd. Finally, Raymond James Financial upgraded shares of U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $51.00 to $57.00 in a research report on Monday, July 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.50.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the transaction, the executive vice president directly owned 70,346 shares of the company’s stock, valued at approximately $3,259,833.64. This trade represents a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Trading Down 0.5%

Shares of U.S. Bancorp stock opened at $46.09 on Tuesday. The firm has a market cap of $71.81 billion, a PE ratio of 11.03, a PEG ratio of 1.46 and a beta of 0.99. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The company has a 50 day simple moving average of $45.02 and a two-hundred day simple moving average of $44.15. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.81.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $1.07 by $0.04. The firm had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $7.07 billion. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share. Analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend was Monday, June 30th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 47.85%.

About U.S. Bancorp

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.