Buck Wealth Strategies LLC Has $946,000 Holdings in U.S. Bancorp (NYSE:USB)

Buck Wealth Strategies LLC raised its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 63.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,417 shares of the financial services provider's stock after acquiring an additional 8,680 shares during the quarter. Buck Wealth Strategies LLC's holdings in U.S. Bancorp were worth $946,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. J.Safra Asset Management Corp acquired a new position in U.S. Bancorp during the fourth quarter worth $26,000. FPC Investment Advisory Inc. acquired a new stake in U.S. Bancorp in the 4th quarter valued at $28,000. Picton Mahoney Asset Management acquired a new stake in U.S. Bancorp in the 4th quarter valued at $30,000. Millstone Evans Group LLC bought a new stake in U.S. Bancorp during the 4th quarter worth about $31,000. Finally, REAP Financial Group LLC boosted its stake in shares of U.S. Bancorp by 86.1% during the 4th quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock worth $31,000 after buying an additional 297 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Stock Performance

Shares of NYSE USB traded up $0.07 during mid-day trading on Friday, reaching $43.34. 21,354,696 shares of the company were exchanged, compared to its average volume of 9,171,085. The stock has a market capitalization of $67.53 billion, a P/E ratio of 10.73, a P/E/G ratio of 1.63 and a beta of 1.00. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.11. The company's 50-day simple moving average is $42.25 and its 200-day simple moving average is $44.68. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings data 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 net margin of 15.70% and a return on equity of 13.02%. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period last year, the business posted $0.78 earnings per share. As a group, research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, June 30th. This represents a $2.00 annualized dividend and a yield of 4.61%. U.S. Bancorp's payout ratio is currently 49.50%.

Insider Activity at U.S. Bancorp

In other news, Director Aleem Gillani acquired 5,000 shares of the stock in a transaction on Monday, April 21st. The shares were purchased at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the transaction, the director now directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on USB shares. Morgan Stanley lowered their target price on U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Keefe, Bruyette & Woods decreased their price target on U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $43.50 price target (down previously from $51.00) on shares of U.S. Bancorp in a research report on Thursday, April 3rd. Raymond James Financial reiterated an "outperform" rating and set a $51.00 price objective (down previously from $57.00) on shares of U.S. Bancorp in a research note on Thursday, April 17th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $50.72.

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.