Accurate Wealth Management LLC Acquires 1,839 Shares of U.S. Bancorp (NYSE:USB)

Accurate Wealth Management LLC grew its holdings in U.S. Bancorp (NYSE:USB) by 18.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 11,771 shares of the financial services provider’s stock after purchasing an additional 1,839 shares during the period. Accurate Wealth Management LLC’s holdings in U.S. Bancorp were worth $497,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. J.Safra Asset Management Corp acquired a new position in U.S. Bancorp during the fourth quarter worth about $26,000. FPC Investment Advisory Inc. bought a new stake in shares of U.S. Bancorp during the 4th quarter valued at approximately $28,000. Stonebridge Financial Group LLC acquired a new position in U.S. Bancorp during the 4th quarter worth approximately $30,000. Picton Mahoney Asset Management bought a new position in U.S. Bancorp in the 4th quarter valued at approximately $30,000. Finally, Millstone Evans Group LLC bought a new position in U.S. Bancorp in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In related news, Director Aleem Gillani acquired 5,000 shares of the business’s stock in a transaction dated Monday, April 21st. The shares were bought at an average price of $37.32 per share, with a total value of $186,600.00. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $559,800. This trade represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of USB opened at $45.26 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $70.51 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 1.73 and a beta of 0.99. The firm’s fifty day simple moving average is $41.31 and its two-hundred day simple moving average is $45.27. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98.

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

Wall Street Analyst Weigh In

USB has been the subject of several research analyst reports. Cowen initiated coverage on shares of U.S. Bancorp in a report on Wednesday, May 14th. They set a “buy” rating for the company. Citigroup lowered their price target on shares of U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating for the company in a report on Monday, March 24th. Wolfe Research upgraded shares of U.S. Bancorp from a “peer perform” rating to an “outperform” rating and set a $49.00 price target for the company in a report on Thursday, April 3rd. Barclays lowered their price target on shares of U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Finally, The Goldman Sachs Group upped their price target on shares of U.S. Bancorp from $41.00 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $50.72.

U.S. Bancorp 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.