Checchi Capital Advisers LLC Has $491,000 Holdings in U.S. Bancorp (NYSE:USB)

Checchi Capital Advisers LLC raised its position in U.S. Bancorp (NYSE:USB) by 8.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,630 shares of the financial services provider’s stock after buying an additional 947 shares during the period. Checchi Capital Advisers LLC’s holdings in U.S. Bancorp were worth $491,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of U.S. Bancorp during the fourth quarter worth approximately $777,524,000. Invesco Ltd. grew its stake in shares of U.S. Bancorp by 48.1% during the fourth quarter. Invesco Ltd. now owns 16,787,513 shares of the financial services provider’s stock valued at $802,947,000 after purchasing an additional 5,449,949 shares during the last quarter. Marshall Wace LLP grew its stake in shares of U.S. Bancorp by 414.1% during the fourth quarter. Marshall Wace LLP now owns 5,789,565 shares of the financial services provider’s stock valued at $276,915,000 after purchasing an additional 4,663,518 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of U.S. Bancorp during the fourth quarter valued at approximately $184,733,000. Finally, FMR LLC grew its stake in shares of U.S. Bancorp by 5.0% during 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 purchasing an additional 3,211,815 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Trading Up 0.5%

USB opened at $47.73 on Friday. The firm’s fifty day moving average is $43.70 and its two-hundred day moving average is $44.41. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $74.36 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 1.80 and a beta of 0.99. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98.

U.S. Bancorp (NYSE:USB) 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 15.70% and a return on equity of 13.02%. 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 anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Monday, June 30th. U.S. Bancorp’s dividend payout ratio is 49.50%.

Insider Activity

In related news, Director Aleem Gillani acquired 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, with a total value of $186,600.00. Following the completion of the transaction, the director directly owned 15,000 shares of the company’s stock, valued at approximately $559,800. The trade was a 50.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on USB. Raymond James Financial reissued an “outperform” rating and set a $51.00 price target (down from $57.00) on shares of U.S. Bancorp in a research note on Thursday, April 17th. Keefe, Bruyette & Woods decreased their price target on shares of U.S. Bancorp from $54.00 to $49.00 and set a “market perform” rating on the stock in a research note on Thursday, April 17th. Citigroup increased their price target on shares of U.S. Bancorp from $55.00 to $59.00 and gave the company a “buy” rating in a research note on Wednesday. Wolfe Research raised shares of U.S. Bancorp from a “peer perform” rating to an “outperform” rating and set a $49.00 price target on the stock in a research note on Thursday, April 3rd. Finally, Piper Sandler decreased their price target 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $51.34.

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.