U.S. Bancorp $USB Shares Purchased by Savvy Advisors Inc.

Savvy Advisors Inc. increased its position in shares of U.S. Bancorp (NYSE:USB) by 244.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,872 shares of the financial services provider’s stock after purchasing an additional 21,907 shares during the quarter. Savvy Advisors Inc.’s holdings in U.S. Bancorp were worth $1,647,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Chemung Canal Trust Co. grew its holdings in U.S. Bancorp by 205.5% during the third quarter. Chemung Canal Trust Co. now owns 68,327 shares of the financial services provider’s stock worth $3,302,000 after acquiring an additional 45,963 shares during the period. Citigroup Inc. grew its holdings in U.S. Bancorp by 2.4% during the third quarter. Citigroup Inc. now owns 1,749,812 shares of the financial services provider’s stock worth $84,568,000 after acquiring an additional 41,803 shares during the period. Jones Financial Companies Lllp grew its holdings in U.S. Bancorp by 15.3% during the third quarter. Jones Financial Companies Lllp now owns 358,972 shares of the financial services provider’s stock worth $17,738,000 after acquiring an additional 47,537 shares during the period. Synergy Asset Management LLC grew its holdings in U.S. Bancorp by 100.0% during the third quarter. Synergy Asset Management LLC now owns 119,962 shares of the financial services provider’s stock worth $5,428,000 after acquiring an additional 59,981 shares during the period. Finally, SteelPeak Wealth LLC grew its holdings in U.S. Bancorp by 757.8% during the third quarter. SteelPeak Wealth LLC now owns 176,500 shares of the financial services provider’s stock worth $8,622,000 after acquiring an additional 155,925 shares during the period. 77.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on USB shares. Evercore raised their price objective on U.S. Bancorp from $60.00 to $65.00 and gave the company an “in-line” rating in a report on Thursday, February 5th. DA Davidson raised their price objective on U.S. Bancorp from $63.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Oppenheimer dropped their price objective on U.S. Bancorp from $77.00 to $71.00 and set an “outperform” rating on the stock in a report on Friday, March 27th. Barclays raised their price objective on U.S. Bancorp from $56.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Finally, Wolfe Research lowered U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $60.45.

Insider Buying and Selling at U.S. Bancorp

In other news, insider Mark G. Runkel sold 32,195 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $60.65, for a total value of $1,952,626.75. Following the transaction, the insider owned 97,728 shares in the company, valued at $5,927,203.20. This trade represents a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.21% of the stock is currently owned by company insiders.

U.S. Bancorp Stock Up 1.0%

Shares of USB opened at $53.47 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $61.19. The stock’s 50 day moving average is $54.86 and its two-hundred day moving average is $51.94. The firm has a market cap of $83.00 billion, a P/E ratio of 11.57, a PEG ratio of 0.97 and a beta of 1.01.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 EPS for the quarter, beating the consensus estimate of $1.19 by $0.07. The company had revenue of $7.92 billion for the quarter, compared to analyst estimates of $7.31 billion. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.U.S. Bancorp’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $1.07 earnings per share. Analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Tuesday, March 31st. U.S. Bancorp’s dividend payout ratio (DPR) is 45.02%.

U.S. Bancorp Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.