N.E.W. Advisory Services LLC Invests $207,000 in U.S. Bancorp (NYSE:USB)

N.E.W. Advisory Services LLC acquired a new stake in shares of U.S. Bancorp (NYSE:USB) during the first quarter, according to its most recent filing with the SEC. The fund acquired 4,894 shares of the financial services provider’s stock, valued at approximately $207,000.

A number of other institutional investors have also added to or reduced their stakes in USB. Brighton Jones LLC increased its position in shares of U.S. Bancorp by 323.0% during the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock valued at $2,309,000 after buying an additional 36,863 shares during the period. Allianz SE purchased a new position in U.S. Bancorp during the fourth quarter valued at approximately $193,000. Edmond DE Rothschild Holding S.A. bought a new stake in U.S. Bancorp during the 4th quarter worth approximately $1,383,000. Summit Financial LLC lifted its stake in U.S. Bancorp by 549.2% in the 4th quarter. Summit Financial LLC now owns 33,841 shares of the financial services provider’s stock worth $1,635,000 after purchasing an additional 28,628 shares in the last quarter. Finally, Cannell & Spears LLC boosted its holdings in U.S. Bancorp by 1.9% in the 4th quarter. Cannell & Spears LLC now owns 34,650 shares of the financial services provider’s stock valued at $1,657,000 after purchasing an additional 653 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insider Transactions at U.S. Bancorp

In other news, EVP Souheil Badran sold 23,727 shares of the firm’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $46.34, for a total value of $1,099,509.18. Following the completion of the sale, the executive vice president directly owned 70,346 shares of the company’s stock, valued at approximately $3,259,833.64. This trade represents a 25.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Performance

U.S. Bancorp stock opened at $46.14 on Wednesday. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The firm has a market cap of $71.88 billion, a P/E ratio of 11.04, a P/E/G ratio of 1.45 and a beta of 0.99. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.16. The firm has a 50-day moving average of $45.05 and a 200-day moving average of $44.16.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.04. The business had revenue of $7.06 billion during the quarter, compared to analysts’ expectations of $7.07 billion. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%. The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted $0.98 EPS. Sell-side analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend was Monday, June 30th. U.S. Bancorp’s payout ratio is currently 47.85%.

Wall Street Analysts Forecast Growth

USB has been the topic of a number of recent analyst reports. DA Davidson increased their price objective on U.S. Bancorp from $49.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Keefe, Bruyette & Woods lowered their price target on U.S. Bancorp from $54.00 to $49.00 and set a “market perform” rating on the stock in a report on Thursday, April 17th. Raymond James Financial raised U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the stock from $51.00 to $57.00 in a report on Monday, July 7th. Wells Fargo & Company lowered their target price on shares of U.S. Bancorp from $56.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Finally, Wall Street Zen raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, U.S. Bancorp has an average rating of “Moderate Buy” and an average target price of $52.50.

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.