9,830 Shares in U.S. Bancorp (NYSE:USB) Acquired by Wynn Capital LLC

Wynn Capital LLC acquired a new position in shares of U.S. Bancorp (NYSE:USB - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,830 shares of the financial services provider's stock, valued at approximately $415,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. KMG Fiduciary Partners LLC increased its position in U.S. Bancorp by 6.0% during the 1st quarter. KMG Fiduciary Partners LLC now owns 67,623 shares of the financial services provider's stock worth $2,855,000 after purchasing an additional 3,829 shares in the last quarter. Perennial Advisors LLC grew its holdings in U.S. Bancorp by 7.8% during the 1st quarter. Perennial Advisors LLC now owns 99,723 shares of the financial services provider's stock worth $4,211,000 after acquiring an additional 7,241 shares during the last quarter. City State Bank grew its holdings in U.S. Bancorp by 3.1% during the 1st quarter. City State Bank now owns 9,876 shares of the financial services provider's stock worth $417,000 after acquiring an additional 300 shares during the last quarter. Procyon Advisors LLC grew its holdings in U.S. Bancorp by 34.3% during the 1st quarter. Procyon Advisors LLC now owns 27,214 shares of the financial services provider's stock worth $1,056,000 after acquiring an additional 6,945 shares during the last quarter. Finally, Stablepoint Partners LLC grew its holdings in U.S. Bancorp by 2.3% during the 1st quarter. Stablepoint Partners LLC now owns 31,115 shares of the financial services provider's stock worth $1,314,000 after acquiring an additional 708 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani acquired 5,000 shares of the company's stock in a transaction on Monday, April 21st. The shares were purchased at an average cost of $37.32 per share, with a total value of $186,600.00. Following the completion of the purchase, the director now owns 15,000 shares of the company's stock, valued at approximately $559,800. This represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on USB. DA Davidson reduced their target price on shares of U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. The Goldman Sachs Group reduced their target price on shares of U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Cowen began coverage on shares of U.S. Bancorp in a report on Wednesday, May 14th. They set a "buy" rating on the stock. Wolfe Research raised shares of U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price on the stock in a report on Thursday, April 3rd. Finally, Keefe, Bruyette & Woods reduced their target price on shares of U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating on the stock in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, U.S. Bancorp has a consensus rating of "Moderate Buy" and an average price target of $50.67.

U.S. Bancorp Stock Up 2.5%

Shares of NYSE USB opened at $44.76 on Friday. The firm has a market cap of $69.74 billion, a PE ratio of 11.81, a P/E/G ratio of 1.73 and a beta of 0.99. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The company's fifty day simple moving average is $41.15 and its 200 day simple moving average is $45.36. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.06. The business had revenue of $6.96 billion for 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 prior year, the firm earned $0.78 earnings per share. As a group, sell-side analysts forecast 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 disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp's dividend payout ratio (DPR) is 49.50%.

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.

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