LifeWealth Investments LLC purchased a new position in shares of U.S. Bancorp (NYSE:USB - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,462 shares of the financial services provider's stock, valued at approximately $309,000.
A number of other institutional investors also recently bought and sold shares of the business. J.Safra Asset Management Corp acquired a new position in U.S. Bancorp during the 4th quarter worth approximately $26,000. FPC Investment Advisory Inc. purchased a new position in shares of U.S. Bancorp during the 4th quarter worth $28,000. Stonebridge Financial Group LLC acquired a new stake in U.S. Bancorp in the 4th quarter valued at $30,000. Picton Mahoney Asset Management acquired a new stake in U.S. Bancorp in the 4th quarter valued at $30,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of U.S. Bancorp during the fourth quarter valued at about $31,000. 77.60% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other U.S. Bancorp news, Director Aleem Gillani acquired 5,000 shares of the company's stock in a transaction 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 purchase, the director now directly owns 15,000 shares of the company's stock, valued at $559,800. This trade represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company's stock.
U.S. Bancorp Trading Up 1.2%
NYSE USB traded up $0.53 during trading hours on Thursday, hitting $43.76. The company's stock had a trading volume of 6,372,830 shares, compared to its average volume of 9,085,888. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $68.18 billion, a P/E ratio of 11.55, a PEG ratio of 1.73 and a beta of 0.97. The stock has a fifty day moving average of $41.01 and a 200 day moving average of $45.72.
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 14.75% and a return on equity of 12.94%. The company 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 firm earned $0.78 earnings per share. Equities research analysts forecast 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 announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date was Monday, March 31st. U.S. Bancorp's dividend payout ratio (DPR) is currently 49.50%.
Analyst Ratings Changes
A number of equities analysts have issued reports on the stock. Morgan Stanley cut their target price on shares of U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Wall Street Zen upgraded shares of U.S. Bancorp from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Bank of America decreased their price target 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. The Goldman Sachs Group lowered their price objective on shares of U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and set a $43.50 target price (down previously from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, U.S. Bancorp has an average rating of "Moderate Buy" and a consensus target price of $50.89.
Check Out Our Latest Analysis on U.S. Bancorp
About U.S. Bancorp
(
Free Report)
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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