J.W. Cole Advisors Inc. Acquires 1,004 Shares of U.S. Bancorp (NYSE:USB)

J.W. Cole Advisors Inc. raised its holdings in shares of U.S. Bancorp (NYSE:USB) by 8.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 12,989 shares of the financial services provider’s stock after buying an additional 1,004 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in U.S. Bancorp were worth $562,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of USB. IFP Advisors Inc lifted its position in U.S. Bancorp by 19.2% during the third quarter. IFP Advisors Inc now owns 12,237 shares of the financial services provider’s stock valued at $405,000 after purchasing an additional 1,974 shares during the last quarter. State of Alaska Department of Revenue lifted its position in U.S. Bancorp by 7.1% during the third quarter. State of Alaska Department of Revenue now owns 185,108 shares of the financial services provider’s stock valued at $6,119,000 after purchasing an additional 12,235 shares during the last quarter. DAVENPORT & Co LLC lifted its position in U.S. Bancorp by 2.0% during the third quarter. DAVENPORT & Co LLC now owns 173,617 shares of the financial services provider’s stock valued at $5,740,000 after purchasing an additional 3,321 shares during the last quarter. Park Place Capital Corp raised its stake in shares of U.S. Bancorp by 10.0% in the third quarter. Park Place Capital Corp now owns 32,893 shares of the financial services provider’s stock valued at $1,087,000 after acquiring an additional 2,995 shares during the period. Finally, Eastern Bank raised its stake in shares of U.S. Bancorp by 14.5% in the third quarter. Eastern Bank now owns 313,353 shares of the financial services provider’s stock valued at $10,359,000 after acquiring an additional 39,630 shares during the period. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Trading Up 1.5 %

NYSE USB opened at $41.05 on Tuesday. U.S. Bancorp has a one year low of $27.27 and a one year high of $45.85. The company has a market capitalization of $63.96 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 2.10 and a beta of 1.05. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. The company’s 50-day simple moving average is $42.32 and its two-hundred day simple moving average is $39.96.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The business had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period last year, the business earned $1.16 EPS. The company’s revenue was down 6.4% compared to the same quarter last year. Equities analysts forecast that U.S. Bancorp will post 3.86 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio is currently 64.90%.

Insider Activity

In related news, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total value of $1,152,904.71. Following the completion of the sale, the insider now directly owns 144,236 shares in the company, valued at approximately $6,255,515.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total value of $1,152,904.71. Following the completion of the sale, the insider now directly owns 144,236 shares in the company, valued at approximately $6,255,515.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the sale, the executive vice president now owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on USB shares. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $45.00 target price (down previously from $52.00) on shares of U.S. Bancorp in a research note on Thursday, April 18th. Morgan Stanley increased their target price on shares of U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Compass Point raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their target price for the company from $46.00 to $49.00 in a research note on Friday, March 22nd. TheStreet raised shares of U.S. Bancorp from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. Finally, Barclays reduced their price target on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, U.S. Bancorp presently has an average rating of “Hold” and an average price target of $46.14.

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.