Blue Barn Wealth LLC Invests $203,000 in U.S. Bancorp (NYSE:USB)

Blue Barn Wealth LLC bought a new stake in U.S. Bancorp (NYSE:USB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,683 shares of the financial services provider’s stock, valued at approximately $203,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mufg Bank LTD. lifted its stake in U.S. Bancorp by 54.1% during the third quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock worth $2,260,450,000 after purchasing an additional 24,000,000 shares during the period. Aristotle Capital Management LLC lifted its position in shares of U.S. Bancorp by 266.6% during the 3rd quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider’s stock worth $775,842,000 after buying an additional 17,066,479 shares during the period. Vanguard Group Inc. boosted its stake in U.S. Bancorp by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock valued at $4,513,127,000 after buying an additional 6,479,642 shares in the last quarter. Barclays PLC grew its position in U.S. Bancorp by 120.4% in the third quarter. Barclays PLC now owns 8,810,834 shares of the financial services provider’s stock valued at $291,285,000 after acquiring an additional 4,813,976 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in U.S. Bancorp by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 33,719,110 shares of the financial services provider’s stock worth $1,459,363,000 after acquiring an additional 2,598,163 shares in the last quarter. 77.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

USB has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their target price on shares of U.S. Bancorp from $45.00 to $43.50 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. Compass Point raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $46.00 to $49.00 in a report on Friday, March 22nd. StockNews.com downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Barclays dropped their price target on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Finally, HSBC raised U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $47.00 to $53.00 in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, U.S. Bancorp currently has a consensus rating of “Hold” and a consensus target price of $46.02.

U.S. Bancorp Trading Down 0.6 %

USB traded down $0.24 during trading on Tuesday, reaching $41.58. 8,662,696 shares of the company’s stock were exchanged, compared to its average volume of 8,547,157. The company’s fifty day moving average price is $42.35 and its 200-day moving average price is $40.64. 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 firm has a market capitalization of $64.88 billion, a PE ratio of 13.77, a P/E/G ratio of 2.16 and a beta of 1.05. U.S. Bancorp has a fifty-two week low of $28.53 and a fifty-two week high of $45.85.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The business had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the previous year, the firm earned $1.16 earnings per share. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. As a group, equities analysts forecast that U.S. Bancorp will post 3.84 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.71%. U.S. Bancorp’s dividend payout ratio is 64.90%.

Insider Buying and Selling

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is owned by insiders.

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.