Strategic Advisors LLC boosted its position in shares of U.S. Bancorp (NYSE:USB) by 41.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,504 shares of the financial services provider’s stock after purchasing an additional 6,600 shares during the quarter. Strategic Advisors LLC’s holdings in U.S. Bancorp were worth $1,084,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. WESPAC Advisors SoCal LLC acquired a new position in shares of U.S. Bancorp in the fourth quarter valued at about $27,000. Executive Wealth Management LLC acquired a new position in shares of U.S. Bancorp in the fourth quarter valued at about $27,000. Gantzert Investment Co. LLC ADV acquired a new position in shares of U.S. Bancorp in the fourth quarter valued at about $32,000. ERTS Wealth Advisors LLC acquired a new position in shares of U.S. Bancorp in the fourth quarter valued at about $36,000. Finally, Centerpoint Advisors LLC acquired a new position in shares of U.S. Bancorp in the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.
USB has been the topic of several research reports. Jefferies Financial Group downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Zacks Investment Research downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. Oppenheimer increased their price objective on shares of U.S. Bancorp from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Finally, Robert W. Baird downgraded shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a research note on Monday, January 28th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. U.S. Bancorp has a consensus rating of “Hold” and an average target price of $58.30.
In related news, Vice Chairman James B. Kelligrew sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $50.61, for a total value of $1,012,200.00. Following the completion of the transaction, the insider now owns 49,495 shares in the company, valued at approximately $2,504,941.95. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Vice Chairman Leslie V. Godridge sold 12,564 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $51.53, for a total transaction of $647,422.92. Following the completion of the transaction, the insider now owns 39,330 shares of the company’s stock, valued at approximately $2,026,674.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,233 shares of company stock worth $1,907,734. 0.24% of the stock is currently owned by corporate insiders.
Shares of USB traded down $0.34 during mid-day trading on Wednesday, reaching $52.22. The company had a trading volume of 4,642,100 shares, compared to its average volume of 6,479,181. U.S. Bancorp has a 1-year low of $43.14 and a 1-year high of $55.56. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. The company has a market cap of $85.58 billion, a P/E ratio of 12.74, a PEG ratio of 1.78 and a beta of 1.10.
U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.00 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.00. U.S. Bancorp had a net margin of 27.02% and a return on equity of 15.53%. The company had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.62 billion. During the same period last year, the company posted $0.96 EPS. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities analysts forecast that U.S. Bancorp will post 4.29 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.37 dividend. The ex-dividend date was Thursday, March 28th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.83%. U.S. Bancorp’s payout ratio is currently 36.10%.
U.S. Bancorp Profile
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.
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