Anchor Pointe Wealth Management LLC Invests $304,000 in U.S. Bancorp (NYSE:USB)

Anchor Pointe 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 disclosure with the Securities and Exchange Commission. The firm bought 6,309 shares of the financial services provider's stock, valued at approximately $304,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FIL Ltd lifted its stake in shares of U.S. Bancorp by 42.0% in the fourth quarter. FIL Ltd now owns 28,872 shares of the financial services provider's stock worth $1,381,000 after acquiring an additional 8,542 shares during the period. Vanguard Group Inc. boosted its stake in shares of U.S. Bancorp by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider's stock valued at $6,640,569,000 after purchasing an additional 1,079,056 shares during the last quarter. M&T Bank Corp boosted its stake in shares of U.S. Bancorp by 36.9% in the 4th quarter. M&T Bank Corp now owns 1,158,848 shares of the financial services provider's stock valued at $55,427,000 after purchasing an additional 312,504 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of U.S. Bancorp by 11.3% in the 4th quarter. D.A. Davidson & CO. now owns 380,767 shares of the financial services provider's stock valued at $18,212,000 after purchasing an additional 38,802 shares during the last quarter. Finally, Swedbank AB boosted its stake in shares of U.S. Bancorp by 2.4% in the 4th quarter. Swedbank AB now owns 554,489 shares of the financial services provider's stock valued at $26,521,000 after purchasing an additional 13,223 shares during the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on USB. Oppenheimer upped their price objective on shares of U.S. Bancorp from $57.00 to $59.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Raymond James reaffirmed an "outperform" rating and issued a $51.00 price objective (down from $57.00) on shares of U.S. Bancorp in a research note on Thursday, April 17th. Morgan Stanley dropped their price target on U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. 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 target on the stock. Finally, Barclays dropped their price target on U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $50.89.

U.S. Bancorp Stock Down 0.4%

Shares of NYSE USB traded down $0.16 during midday trading on Friday, hitting $43.60. 9,784,874 shares of the stock traded hands, compared to its average volume of 9,100,110. The business has a 50 day moving average price of $41.01 and a two-hundred day moving average price of $45.67. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The company has a market cap of $67.93 billion, a PE ratio of 11.50, a P/E/G ratio of 1.73 and a beta of 0.97. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly 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. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. On average, equities analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors 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 dividend payout ratio (DPR) is currently 49.50%.

Insider Buying and Selling

In related news, Director Aleem Gillani purchased 5,000 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp 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.