J.W. Cole Advisors Inc. Has $1.83 Million Stock Position in U.S. Bancorp (NYSE:USB)

J.W. Cole Advisors Inc. grew its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 185.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,249 shares of the financial services provider's stock after purchasing an additional 28,103 shares during the period. J.W. Cole Advisors Inc.'s holdings in U.S. Bancorp were worth $1,826,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of USB. Westend Capital Management LLC bought a new position in U.S. Bancorp in the 1st quarter worth $27,000. YANKCOM Partnership boosted its holdings in shares of U.S. Bancorp by 59.4% in the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock worth $29,000 after buying an additional 260 shares during the last quarter. Alpine Bank Wealth Management purchased a new position in shares of U.S. Bancorp in the first quarter worth approximately $30,000. Millstone Evans Group LLC purchased a new position in shares of U.S. Bancorp in the fourth quarter worth approximately $31,000. Finally, REAP Financial Group LLC lifted its holdings in U.S. Bancorp by 86.1% during the fourth quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 297 shares in the last quarter. Institutional investors own 77.60% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on USB. Evercore ISI upped their price target on shares of U.S. Bancorp from $44.00 to $49.00 and gave the stock an "in-line" rating in a report on Wednesday, June 4th. Morgan Stanley lifted their target price on shares of U.S. Bancorp from $51.00 to $52.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. The Goldman Sachs Group boosted their price objective on shares of U.S. Bancorp from $41.00 to $46.00 and gave the company a "neutral" rating in a report on Tuesday, June 10th. Wells Fargo & Company lowered their price objective on U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Royal Bank Of Canada cut 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has assigned a strong 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 price target of $52.50.

U.S. Bancorp Stock Performance

Shares of NYSE USB traded up $0.22 during trading hours on Friday, hitting $46.28. 4,633,590 shares of the company's stock were exchanged, compared to its average volume of 10,925,454. The company's 50-day moving average price is $44.96 and its 200-day moving average price is $44.24. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $72.10 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 1.46 and a beta of 0.99. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $1.07 by $0.04. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%. The firm had revenue of $7.06 billion during the quarter, compared to analysts' expectations of $7.07 billion. During the same quarter in the prior year, the firm posted $0.98 EPS. The company's revenue for the quarter was up 2.0% on a year-over-year basis. On average, sell-side analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 4.32%. U.S. Bancorp's dividend payout ratio (DPR) is presently 47.85%.

Insider Buying and Selling

In related news, EVP Souheil Badran sold 23,727 shares of the stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the sale, the executive vice president directly owned 70,346 shares in the company, valued at $3,259,833.64. This represents a 25.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is currently owned by company insiders.

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.