11,562 Shares in U.S. Bancorp (NYSE:USB) Acquired by WCG Wealth Advisors LLC

WCG Wealth Advisors LLC purchased a new position in U.S. Bancorp (NYSE:USB - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,562 shares of the financial services provider's stock, valued at approximately $553,000.

Several other hedge funds have also recently added to or reduced their stakes in USB. J.Safra Asset Management Corp acquired a new position in U.S. Bancorp during the 4th quarter worth $26,000. FPC Investment Advisory Inc. acquired a new position in U.S. Bancorp during the 4th quarter worth $28,000. Stonebridge Financial Group LLC acquired a new position in U.S. Bancorp during the 4th quarter worth $30,000. Picton Mahoney Asset Management acquired a new position in U.S. Bancorp during the 4th quarter worth $30,000. Finally, Millstone Evans Group LLC acquired a new position in U.S. Bancorp during the 4th quarter worth $31,000. Institutional investors own 77.60% of the company's stock.

Analyst Ratings Changes

USB has been the topic of a number of research reports. TD Cowen initiated coverage on U.S. Bancorp in a research note on Thursday, May 15th. They issued a "buy" rating and a $60.00 price objective on the stock. Barclays cut their target price on U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Wall Street Zen raised U.S. Bancorp from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Oppenheimer lifted their price target on U.S. Bancorp from $57.00 to $59.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Finally, Citigroup lowered their price target on U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, March 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, U.S. Bancorp currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.89.

Insider Activity

In related news, Director Aleem Gillani acquired 5,000 shares of the stock in a transaction dated Monday, April 21st. The shares were bought at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the purchase, the director now owns 15,000 shares in the company, valued at approximately $559,800. This trade represents a 50.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.23% of the company's stock.

U.S. Bancorp Stock Performance

U.S. Bancorp stock traded up $0.78 during trading hours on Tuesday, hitting $43.72. The stock had a trading volume of 6,500,308 shares, compared to its average volume of 9,096,746. The company has a 50-day moving average of $40.98 and a two-hundred day moving average of $45.75. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The company has a market cap of $68.12 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.97 by $0.06. The firm had revenue of $6.96 billion during the quarter, compared to analysts' expectations of $6.92 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. During the same quarter in the prior year, the firm posted $0.78 EPS. On average, equities research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.50 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 4.57%. U.S. Bancorp's dividend payout ratio (DPR) is 49.50%.

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.