Capital Analysts LLC Buys 844 Shares of U.S. Bancorp (NYSE:USB)

Capital Analysts LLC boosted its stake in U.S. Bancorp (NYSE:USB) by 44.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,763 shares of the financial services provider’s stock after purchasing an additional 844 shares during the quarter. Capital Analysts LLC’s holdings in U.S. Bancorp were worth $132,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in USB. Nebula Research & Development LLC purchased a new stake in shares of U.S. Bancorp in the 4th quarter valued at about $290,000. Kovitz Investment Group Partners LLC raised its holdings in shares of U.S. Bancorp by 9.2% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 70,070 shares of the financial services provider’s stock valued at $3,351,000 after acquiring an additional 5,877 shares in the last quarter. Stonebridge Capital Advisors LLC raised its holdings in shares of U.S. Bancorp by 0.4% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 303,383 shares of the financial services provider’s stock valued at $14,511,000 after acquiring an additional 1,237 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of U.S. Bancorp by 183.1% in the 4th quarter. Integrated Wealth Concepts LLC now owns 90,367 shares of the financial services provider’s stock valued at $4,322,000 after acquiring an additional 58,450 shares in the last quarter. Finally, Burling Wealth Partners LLC purchased a new stake in shares of U.S. Bancorp in the 4th quarter valued at about $212,000. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock opened at $40.15 on Tuesday. The stock has a market capitalization of $62.55 billion, a P/E ratio of 10.59, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The business’s 50 day simple moving average is $41.57 and its two-hundred day simple moving average is $46.57. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80.

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 for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates 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 period last year, the company earned $0.78 EPS. Analysts forecast that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.50 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.98%. U.S. Bancorp’s dividend payout ratio is currently 49.50%.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani acquired 5,000 shares of the business’s stock in a transaction dated Monday, April 21st. The shares were purchased at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the transaction, the director now owns 15,000 shares in the company, valued at $559,800. This represents a 50.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Cecere sold 102,044 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total value of $4,821,579.00. Following the completion of the sale, the chief executive officer now owns 1,230,316 shares in the company, valued at approximately $58,132,431. This represents a 7.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 219,812 shares of company stock worth $10,385,665. 0.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on USB. Barclays lowered their price target on U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Citigroup lowered their price target on U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, March 24th. The Goldman Sachs Group lowered their price target on U.S. Bancorp from $51.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Royal Bank of Canada lowered their price target on U.S. Bancorp from $57.00 to $50.00 and set an “outperform” rating on the stock in a report on Thursday, April 17th. Finally, Wells Fargo & Company decreased their price objective on U.S. Bancorp from $56.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $50.48.

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.