Deane Retirement Strategies Inc. Buys 1,416 Shares of U.S. Bancorp (NYSE:USB)

Deane Retirement Strategies Inc. raised its stake in U.S. Bancorp (NYSE:USB) by 2.0% in the first quarter, Holdings Channel reports. The fund owned 72,169 shares of the financial services provider’s stock after purchasing an additional 1,416 shares during the quarter. U.S. Bancorp accounts for approximately 1.5% of Deane Retirement Strategies Inc.’s investment portfolio, making the stock its 24th largest holding. Deane Retirement Strategies Inc.’s holdings in U.S. Bancorp were worth $3,047,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in USB. Capital Performance Advisors LLP increased its position in shares of U.S. Bancorp by 2.6% during the fourth quarter. Capital Performance Advisors LLP now owns 8,188 shares of the financial services provider’s stock valued at $392,000 after buying an additional 210 shares during the period. Covestor Ltd increased its position in shares of U.S. Bancorp by 12.3% during the fourth quarter. Covestor Ltd now owns 1,955 shares of the financial services provider’s stock valued at $94,000 after buying an additional 214 shares during the period. TrinityPoint Wealth LLC increased its position in shares of U.S. Bancorp by 2.3% during the fourth quarter. TrinityPoint Wealth LLC now owns 10,355 shares of the financial services provider’s stock valued at $495,000 after buying an additional 231 shares during the period. CoreCap Advisors LLC increased its position in shares of U.S. Bancorp by 36.6% during the fourth quarter. CoreCap Advisors LLC now owns 904 shares of the financial services provider’s stock valued at $43,000 after buying an additional 242 shares during the period. Finally, Transcend Capital Advisors LLC increased its position in shares of U.S. Bancorp by 5.1% during the fourth quarter. Transcend Capital Advisors LLC now owns 5,196 shares of the financial services provider’s stock valued at $249,000 after buying an additional 252 shares during the period. Institutional investors own 77.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on USB shares. Raymond James reiterated an “outperform” rating and set a $51.00 price target (down from $57.00) on shares of U.S. Bancorp in a research report on Thursday, April 17th. Bank of America decreased their price objective on shares of U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. Oppenheimer upped their price objective on shares of U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th. TD Cowen initiated coverage on shares of U.S. Bancorp in a research report on Thursday, May 15th. They issued a “buy” rating and a $60.00 price objective on the stock. Finally, Morgan Stanley decreased their price objective on shares of U.S. Bancorp from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, U.S. Bancorp has a consensus rating of “Moderate Buy” and an average price target of $50.67.

Insider Activity

In related news, Director Aleem Gillani acquired 5,000 shares of the company’s stock in a transaction dated Monday, April 21st. The stock was purchased at an average price of $37.32 per share, with a total value of $186,600.00. Following the completion of the purchase, the director now owns 15,000 shares in the company, valued at $559,800. This trade represents a 50.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Up 2.5%

Shares of USB opened at $44.76 on Monday. The firm has a market cap of $69.74 billion, a P/E ratio of 11.81, a P/E/G ratio of 1.73 and a beta of 0.99. The stock has a 50 day simple moving average of $41.15 and a two-hundred day simple moving average of $45.32. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.06. The business had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.92 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. During the same quarter in the prior year, the firm earned $0.78 earnings per share. On average, analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 49.50%.

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.