World Investment Advisors Purchases 9,010 Shares of U.S. Bancorp (NYSE:USB)

World Investment Advisors lifted its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 13.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,555 shares of the financial services provider's stock after purchasing an additional 9,010 shares during the quarter. World Investment Advisors' holdings in U.S. Bancorp were worth $3,190,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Covestor Ltd boosted its position in U.S. Bancorp by 12.3% in the fourth quarter. Covestor Ltd now owns 1,955 shares of the financial services provider's stock worth $94,000 after purchasing an additional 214 shares during the last quarter. TrinityPoint Wealth LLC increased its position in shares of U.S. Bancorp by 2.3% during the 4th quarter. TrinityPoint Wealth LLC now owns 10,355 shares of the financial services provider's stock valued at $495,000 after purchasing an additional 231 shares during the last quarter. CoreCap Advisors LLC lifted its stake in shares of U.S. Bancorp by 36.6% in the 4th quarter. CoreCap Advisors LLC now owns 904 shares of the financial services provider's stock worth $43,000 after purchasing an additional 242 shares during the period. Bestgate Wealth Advisors LLC grew its position in U.S. Bancorp by 3.3% during the first quarter. Bestgate Wealth Advisors LLC now owns 8,031 shares of the financial services provider's stock valued at $339,000 after buying an additional 253 shares during the period. Finally, Aaron Wealth Advisors LLC increased its holdings in U.S. Bancorp by 3.3% during the first quarter. Aaron Wealth Advisors LLC now owns 8,190 shares of the financial services provider's stock valued at $346,000 after buying an additional 262 shares during the last quarter. Institutional investors own 77.60% of the company's stock.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock traded down $0.15 during trading on Monday, reaching $47.78. 14,353,635 shares of the stock traded hands, compared to its average volume of 9,366,183. The company has a market capitalization of $74.44 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 1.80 and a beta of 0.99. The business has a fifty day simple moving average of $43.70 and a two-hundred day simple moving average of $44.36. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.80 and a quick ratio of 0.80. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98.

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 for the quarter, beating analysts' consensus estimates of $0.97 by $0.06. The firm had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.92 billion. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. During the same quarter last year, the business posted $0.78 earnings per share. Sell-side analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend is Monday, June 30th. U.S. Bancorp's payout ratio is 49.50%.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani purchased 5,000 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was purchased at an average price of $37.32 per share, with a total value of $186,600.00. Following the acquisition, the director owned 15,000 shares in the company, valued at approximately $559,800. The trade was a 50.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.23% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on USB shares. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $43.50 price target (down previously from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. Citigroup lifted their target price on U.S. Bancorp from $55.00 to $59.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Evercore ISI upped their price target on U.S. Bancorp from $44.00 to $49.00 and gave the stock an "in-line" rating in a research report on Wednesday, June 4th. Keefe, Bruyette & Woods lowered their price objective on U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating on the stock in a research report on Thursday, April 17th. Finally, Morgan Stanley boosted their price objective on U.S. Bancorp from $50.00 to $51.00 and gave the company an "overweight" rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has given 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 $51.61.

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.