Lynch & Associates IN Has $2.91 Million Position in U.S. Bancorp (NYSE:USB)

Lynch & Associates IN grew its holdings in U.S. Bancorp (NYSE:USB) by 2.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 68,946 shares of the financial services provider’s stock after purchasing an additional 1,665 shares during the quarter. Lynch & Associates IN’s holdings in U.S. Bancorp were worth $2,911,000 as of its most recent filing with the SEC.

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

Insiders Place Their Bets

In other news, Director Aleem Gillani purchased 5,000 shares of the company’s stock in a transaction on 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 directly owns 15,000 shares in the company, valued at approximately $559,800. This trade represents a 50.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp Trading Up 0.4%

Shares of USB stock opened at $43.14 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The business has a 50-day moving average price of $41.88 and a two-hundred day moving average price of $44.93. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The firm has a market cap of $67.22 billion, a P/E ratio of 11.38, a price-to-earnings-growth ratio of 1.73 and a beta of 0.99.

U.S. Bancorp (NYSE:USB) last issued its quarterly 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. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. Equities analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Morgan Stanley decreased their target price on U.S. Bancorp from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Citigroup cut their price target on U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating for the company in a report on Monday, March 24th. DA Davidson cut their price target on U.S. Bancorp from $54.00 to $49.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Wolfe Research raised 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. Finally, Oppenheimer raised their price target on U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $50.72.

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.