HFG Advisors Inc. Invests $910,000 in U.S. Bancorp (NYSE:USB)

HFG Advisors Inc. bought a new position in shares of U.S. Bancorp (NYSE:USB - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 21,556 shares of the financial services provider's stock, valued at approximately $910,000.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on USB shares. TD Cowen initiated coverage on shares of U.S. Bancorp in a research note on Thursday, May 15th. They issued a "buy" rating and a $60.00 target price for the company. Wells Fargo & Company lowered their price target on shares of U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Wall Street Zen downgraded U.S. Bancorp from a "hold" rating to a "sell" rating in a report on Saturday, June 7th. Barclays decreased their price objective on 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. Finally, The Goldman Sachs Group lifted their target price on U.S. Bancorp from $41.00 to $46.00 and gave the company a "neutral" rating in a research note on Tuesday, June 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $50.72.

U.S. Bancorp Trading Down 1.1%

NYSE:USB opened at $42.68 on Wednesday. The firm has a 50-day moving average price of $41.95 and a two-hundred day moving average price of $44.92. The firm has a market cap of $66.49 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 1.62 and a beta of 0.99. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.80.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $6.92 billion. During the same period in the previous year, the company earned $0.78 earnings per share. On average, equities analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani bought 5,000 shares of U.S. Bancorp stock in a transaction that occurred on 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 transaction, the director now directly owns 15,000 shares in the company, valued at $559,800. This represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 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.

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