Doliver Capital Advisors LP bought a new stake in shares of U.S. Bancorp (NYSE:USB) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,055 shares of the financial services provider’s stock, valued at approximately $255,000.

Several other institutional investors also recently added to or reduced their stakes in the company. State Treasurer State of Michigan grew its position in shares of U.S. Bancorp by 35.4% during the 1st quarter. State Treasurer State of Michigan now owns 1,531,142 shares of the financial services provider’s stock valued at $77,323,000 after acquiring an additional 400,400 shares during the period. Thrivent Financial for Lutherans grew its position in shares of U.S. Bancorp by 424.9% during the 1st quarter. Thrivent Financial for Lutherans now owns 375,995 shares of the financial services provider’s stock valued at $18,988,000 after acquiring an additional 304,367 shares during the period. Van Hulzen Asset Management LLC grew its position in shares of U.S. Bancorp by 12.3% during the 1st quarter. Van Hulzen Asset Management LLC now owns 102,722 shares of the financial services provider’s stock valued at $5,187,000 after acquiring an additional 11,259 shares during the period. Strategic Wealth Advisors Group LLC grew its position in shares of U.S. Bancorp by 182.1% during the 1st quarter. Strategic Wealth Advisors Group LLC now owns 28,374 shares of the financial services provider’s stock valued at $1,432,000 after acquiring an additional 18,317 shares during the period. Finally, Bank of The West grew its position in shares of U.S. Bancorp by 28.4% during the 1st quarter. Bank of The West now owns 6,587 shares of the financial services provider’s stock valued at $333,000 after acquiring an additional 1,455 shares during the period. 74.51% of the stock is owned by hedge funds and other institutional investors.

Shares of U.S. Bancorp opened at $51.15 on Friday, Marketbeat.com reports. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.75. U.S. Bancorp has a one year low of $50.78 and a one year high of $51.17. The firm has a market capitalization of $83.96 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 1.68 and a beta of 0.95.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, April 18th. The financial services provider reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.01. U.S. Bancorp had a net margin of 26.39% and a return on equity of 14.20%. The firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.53 billion. During the same period last year, the firm earned $0.82 EPS. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. equities analysts expect that U.S. Bancorp will post 4.05 earnings per share for the current fiscal year.

In other U.S. Bancorp news, Vice Chairman P.W. Parker sold 98,485 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $55.95, for a total value of $5,510,235.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Gillern Jeffry H. Von sold 13,641 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $55.02, for a total transaction of $750,527.82. Following the completion of the transaction, the insider now directly owns 126,387 shares of the company’s stock, valued at $6,953,812.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 168,016 shares of company stock valued at $9,356,775. Insiders own 0.43% of the company’s stock.

USB has been the subject of a number of research reports. Zacks Investment Research raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research report on Friday, February 2nd. Deutsche Bank raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and increased their target price for the company from $60.00 to $63.00 in a research report on Thursday, January 25th. Vining Sparks reissued a “buy” rating and set a $61.00 target price on shares of U.S. Bancorp in a research report on Friday, April 6th. Citigroup raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Friday, May 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $56.00 price objective on shares of U.S. Bancorp in a report on Thursday, April 5th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $58.38.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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