Allen Mooney & Barnes Investment Advisors LLC Has $1.81 Million Stock Position in U.S. Bancorp (NYSE:USB)

Allen Mooney & Barnes Investment Advisors LLC grew its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 85.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,972 shares of the financial services provider's stock after acquiring an additional 19,806 shares during the period. Allen Mooney & Barnes Investment Advisors LLC's holdings in U.S. Bancorp were worth $1,814,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in USB. Norges Bank bought a new position in shares of U.S. Bancorp in the 4th quarter worth about $777,524,000. Invesco Ltd. lifted its position in shares of U.S. Bancorp by 48.1% in the 4th quarter. Invesco Ltd. now owns 16,787,513 shares of the financial services provider's stock worth $802,947,000 after buying an additional 5,449,949 shares during the last quarter. Marshall Wace LLP lifted its position in shares of U.S. Bancorp by 414.1% in the 4th quarter. Marshall Wace LLP now owns 5,789,565 shares of the financial services provider's stock worth $276,915,000 after buying an additional 4,663,518 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of U.S. Bancorp in the 4th quarter worth about $184,733,000. Finally, FMR LLC lifted its position in shares of U.S. Bancorp by 5.0% in the 4th quarter. FMR LLC now owns 67,125,746 shares of the financial services provider's stock worth $3,210,624,000 after buying an additional 3,211,815 shares during the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Stock Down 2.8%

USB traded down $1.23 on Friday, reaching $42.93. 9,466,826 shares of the company traded hands, compared to its average volume of 9,070,042. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The company has a market cap of $66.88 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 1.73 and a beta of 0.99. The stock's 50 day moving average price is $41.74 and its 200-day moving average price is $45.06. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted 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. The firm had revenue of $6.96 billion during the quarter, compared to analysts' expectations 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 previous year, the company earned $0.78 earnings per share. On average, sell-side analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

Insider Buying and Selling at U.S. Bancorp

In other news, Director Aleem Gillani acquired 5,000 shares of U.S. Bancorp stock in a transaction dated Monday, April 21st. The stock was acquired at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the purchase, the director now owns 15,000 shares of the company's stock, valued at $559,800. This represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

USB has been the topic of several recent research reports. Citigroup cut their price objective on shares of U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Barclays dropped their price target on shares of 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. Royal Bank of Canada dropped their price target on shares of U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Evercore ISI lifted their price objective on shares of U.S. Bancorp from $44.00 to $49.00 and gave the stock an "in-line" rating in a research note on Wednesday, June 4th. Finally, Oppenheimer lifted their price objective on shares of U.S. Bancorp from $57.00 to $59.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, U.S. Bancorp has a consensus rating of "Moderate Buy" and a consensus 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.