Aegis Wealth Management LLC Purchases New Stake in U.S. Bancorp (NYSE:USB)

Aegis Wealth Management LLC bought a new position in shares of U.S. Bancorp (NYSE:USB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,213 shares of the financial services provider's stock, valued at approximately $393,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in USB. J.Safra Asset Management Corp bought a new stake in shares of U.S. Bancorp during the 4th quarter valued at approximately $26,000. FPC Investment Advisory Inc. bought a new stake in shares of U.S. Bancorp during the 4th quarter valued at approximately $28,000. Stonebridge Financial Group LLC bought a new stake in shares of U.S. Bancorp during the 4th quarter valued at approximately $30,000. Picton Mahoney Asset Management bought a new stake in shares of U.S. Bancorp during the 4th quarter valued at approximately $30,000. Finally, Millstone Evans Group LLC bought a new position in U.S. Bancorp in the 4th quarter valued at approximately $31,000. 77.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. The Goldman Sachs Group decreased their price target on shares of U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Oppenheimer increased their price objective on U.S. Bancorp from $57.00 to $59.00 and gave the company an "outperform" rating in a report on Monday, April 28th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $43.50 target price (down from $51.00) on shares of U.S. Bancorp in a report on Thursday, April 3rd. Piper Sandler decreased their price target on U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Bank of America lowered their price objective on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a research report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $50.89.

U.S. Bancorp Stock Down 0.4%

Shares of U.S. Bancorp stock traded down $0.16 during trading on Friday, reaching $43.60. 9,784,874 shares of the company traded hands, compared to its average volume of 9,100,110. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. 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 moving average price of $41.01 and a 200-day moving average price of $45.67. The firm has a market capitalization of $67.93 billion, a PE ratio of 11.50, a P/E/G ratio of 1.73 and a beta of 0.97.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.06. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter in the previous year, the company earned $0.78 EPS. As a group, equities research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.50 per share. The ex-dividend date was Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 4.59%. U.S. Bancorp's payout ratio is 49.50%.

Insiders Place Their Bets

In other U.S. Bancorp news, Director Aleem Gillani bought 5,000 shares of the stock in a transaction that occurred on Monday, April 21st. The shares were bought at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the acquisition, the director now directly owns 15,000 shares of the company's stock, valued at approximately $559,800. The trade was a 50.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.23% of the company's stock.

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.