Focus Partners Advisor Solutions LLC Acquires 23,665 Shares of U.S. Bancorp (NYSE:USB)

Focus Partners Advisor Solutions LLC increased its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 30.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 101,171 shares of the financial services provider's stock after buying an additional 23,665 shares during the period. Focus Partners Advisor Solutions LLC's holdings in U.S. Bancorp were worth $4,839,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of U.S. Bancorp by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider's stock valued at $6,640,569,000 after buying an additional 1,079,056 shares during the period. FMR LLC boosted its holdings in U.S. Bancorp by 5.0% in the fourth quarter. FMR LLC now owns 67,125,746 shares of the financial services provider's stock valued at $3,210,624,000 after acquiring an additional 3,211,815 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in U.S. Bancorp by 5.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 49,789,725 shares of the financial services provider's stock valued at $2,381,443,000 after purchasing an additional 2,460,845 shares during the period. Geode Capital Management LLC raised its holdings in U.S. Bancorp by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 33,937,360 shares of the financial services provider's stock worth $1,618,948,000 after purchasing an additional 850,763 shares during the last quarter. Finally, Amundi lifted its position in shares of U.S. Bancorp by 7.4% in the 4th quarter. Amundi now owns 19,485,615 shares of the financial services provider's stock worth $945,268,000 after purchasing an additional 1,341,407 shares during the period. 77.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Aleem Gillani bought 5,000 shares of the stock in a transaction dated Monday, April 21st. The stock was bought at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the acquisition, the director now directly owns 15,000 shares in the company, valued at approximately $559,800. This trade represents a 50.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.23% of the company's stock.

U.S. Bancorp Stock Up 1.2%

Shares of NYSE USB traded up $0.53 during mid-day trading on Tuesday, reaching $43.47. 1,864,970 shares of the company's stock traded hands, compared to its average volume of 9,078,720. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The business has a 50-day simple moving average of $40.98 and a 200 day simple moving average of $45.75. The stock has a market cap of $67.73 billion, a P/E ratio of 11.47, a PEG ratio of 1.73 and a beta of 0.97. 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 released its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.06. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. During the same quarter in the previous year, the business earned $0.78 EPS. On average, analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently declared 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 4.60%. The ex-dividend date was Monday, March 31st. U.S. Bancorp's payout ratio is currently 49.50%.

Wall Street Analysts Forecast Growth

USB has been the subject of several recent analyst reports. Oppenheimer increased their price objective on shares of U.S. Bancorp from $57.00 to $59.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $43.50 price objective (down from $51.00) on shares of U.S. Bancorp in a research report on Thursday, April 3rd. Bank of America dropped their price objective on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Cowen initiated coverage on U.S. Bancorp in a research note on Wednesday, May 14th. They set a "buy" rating for the company. Finally, DA Davidson lowered their target price on U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, U.S. Bancorp has a consensus rating of "Moderate Buy" and a consensus price target of $50.89.

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.