Freedom Financial Partners LLC Makes New Investment in U.S. Bancorp (NYSE:USB)

Freedom Financial Partners LLC bought a new stake in shares of U.S. Bancorp (NYSE:USB - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,862 shares of the financial services provider's stock, valued at approximately $374,000.

Other institutional investors have also recently made changes to their positions in the company. J.Safra Asset Management Corp bought a new position in shares of U.S. Bancorp in the fourth quarter worth $26,000. FPC Investment Advisory Inc. bought a new stake in shares of U.S. Bancorp during the 4th quarter valued at about $28,000. Stonebridge Financial Group LLC purchased a new position in shares of U.S. Bancorp during the fourth quarter worth about $30,000. Picton Mahoney Asset Management bought a new position in shares of U.S. Bancorp in the fourth quarter worth approximately $30,000. Finally, Millstone Evans Group LLC purchased a new stake in U.S. Bancorp in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 77.60% of the company's stock.

U.S. Bancorp Trading Down 0.6%

USB stock traded down $0.26 during trading on Thursday, reaching $43.64. The company had a trading volume of 6,079,078 shares, compared to its average volume of 9,079,203. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The business has a 50 day moving average of $41.06 and a 200 day moving average of $45.49. The company has a market cap of $67.99 billion, a P/E ratio of 11.51, a PEG ratio of 1.73 and a beta of 0.99.

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 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 firm had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the prior year, the company earned $0.78 EPS. 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 company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp's dividend payout ratio (DPR) is currently 49.50%.

Insider Activity at U.S. Bancorp

In other news, Director Aleem Gillani purchased 5,000 shares of the stock in a transaction dated 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 acquisition, the director now directly 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 Securities & Exchange Commission, which is accessible through this link. 0.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on USB shares. Bank of America lowered their price objective on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Royal Bank of Canada dropped their price target on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Barclays cut their price objective on U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Wolfe Research raised U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 price objective on the stock in a report on Thursday, April 3rd. Finally, Piper Sandler cut their target price on U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, U.S. Bancorp presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.67.

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.