Wynn Capital LLC Takes Position in U.S. Bancorp (NYSE:USB)

Wynn Capital LLC acquired a new position in shares of U.S. Bancorp (NYSE:USB - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 9,830 shares of the financial services provider's stock, valued at approximately $415,000.

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

Insider Activity

In other U.S. Bancorp news, Director Aleem Gillani purchased 5,000 shares of the stock in a transaction dated Monday, April 21st. The shares were acquired at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the acquisition, the director now owns 15,000 shares of the company's stock, valued at $559,800. This represents a 50.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Trading Down 2.3%

Shares of U.S. Bancorp stock traded down $1.03 on Wednesday, reaching $44.21. 13,013,059 shares of the company were exchanged, compared to its average volume of 9,056,869. The stock has a fifty day moving average price of $41.31 and a 200-day moving average price of $45.27. The firm has a market capitalization of $68.87 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 1.73 and a beta of 0.99. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. 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 announced its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.06. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same period in the previous year, the firm earned $0.78 earnings per share. On average, analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

Analysts Set New Price Targets

USB has been the subject of a number of analyst reports. Bank of America reduced 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. Morgan Stanley reduced their price objective on U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company reduced their price objective on U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Truist Financial reduced their price objective on U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Finally, Raymond James restated an "outperform" rating and set a $51.00 price objective (down previously from $57.00) on shares of U.S. Bancorp in a research report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, U.S. Bancorp has an average rating of "Moderate Buy" and an average price target of $50.72.

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.