U.S. Bancorp (NYSE:USB) Shares Purchased by Keystone Financial Planning Inc.

Keystone Financial Planning Inc. grew its stake in U.S. Bancorp (NYSE:USB - Free Report) by 215.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 229,008 shares of the financial services provider's stock after purchasing an additional 156,394 shares during the quarter. U.S. Bancorp makes up 2.9% of Keystone Financial Planning Inc.'s holdings, making the stock its 5th biggest position. Keystone Financial Planning Inc.'s holdings in U.S. Bancorp were worth $9,669,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Transactions at U.S. Bancorp

In related news, Director Aleem Gillani bought 5,000 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was purchased at an average cost of $37.32 per share, with a total value 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 position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.23% of the company's stock.

U.S. Bancorp Trading Down 1.1%

U.S. Bancorp stock traded down $0.47 during midday trading on Wednesday, reaching $43.91. 6,975,714 shares of the stock traded hands, compared to its average volume of 9,094,628. The firm has a market cap of $68.41 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The company has a 50-day simple moving average of $41.03 and a two-hundred day simple moving average of $45.50. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.97 by $0.06. The business had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.92 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. During the same quarter last year, the firm posted $0.78 earnings per share. Research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.55%. U.S. Bancorp's dividend payout ratio (DPR) is 49.50%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on USB shares. Raymond James reissued 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. Bank of America lowered 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. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $43.50 price objective (down previously from $51.00) on shares of U.S. Bancorp in a report on Thursday, April 3rd. Piper Sandler reduced their target price on shares of U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, Cowen began coverage on shares of U.S. Bancorp in a report on Wednesday, May 14th. They issued a "buy" rating on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $50.67.

About U.S. Bancorp

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.