Ritholtz Wealth Management Grows Position in U.S. Bancorp (NYSE:USB)

Ritholtz Wealth Management raised its stake in shares of U.S. Bancorp (NYSE:USB) by 6.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 57,462 shares of the financial services provider’s stock after purchasing an additional 3,247 shares during the period. Ritholtz Wealth Management’s holdings in U.S. Bancorp were worth $2,426,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Dynamic Advisor Solutions LLC purchased a new position in U.S. Bancorp during the first quarter valued at $327,000. Opal Wealth Advisors LLC purchased a new position in shares of U.S. Bancorp during the first quarter valued at about $44,000. Farmers & Merchants Investments Inc. grew its position in shares of U.S. Bancorp by 5.5% during the first quarter. Farmers & Merchants Investments Inc. now owns 265,368 shares of the financial services provider’s stock valued at $11,204,000 after purchasing an additional 13,825 shares in the last quarter. BNC Wealth Management LLC increased its holdings in shares of U.S. Bancorp by 977.8% in the first quarter. BNC Wealth Management LLC now owns 60,141 shares of the financial services provider’s stock worth $2,539,000 after purchasing an additional 54,561 shares during the last quarter. Finally, Everhart Financial Group Inc. lifted its position in shares of U.S. Bancorp by 3.2% in the first quarter. Everhart Financial Group Inc. now owns 10,992 shares of the financial services provider’s stock worth $464,000 after buying an additional 337 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani purchased 5,000 shares of U.S. Bancorp stock in a transaction dated Monday, April 21st. The shares were bought at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the transaction, the director now owns 15,000 shares in the company, valued at $559,800. This represents a 50.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on USB. The Goldman Sachs Group lifted their price objective on shares of U.S. Bancorp from $41.00 to $46.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 10th. Keefe, Bruyette & Woods reduced their price objective on U.S. Bancorp from $54.00 to $49.00 and set a “market perform” rating on the stock in a research note on Thursday, April 17th. Barclays decreased their price objective on U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Citigroup dropped their target price 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. Finally, Cowen assumed coverage on U.S. Bancorp in a report on Wednesday, May 14th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, U.S. Bancorp has an average rating of “Moderate Buy” and an average price target of $50.72.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock opened at $42.93 on Monday. The business’s fifty day moving average price is $41.74 and its 200 day moving average price is $45.01. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98. 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 $66.88 billion, a P/E ratio of 11.33, a PEG ratio of 1.73 and a beta of 0.99.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.97 by $0.06. The company had revenue of $6.96 billion for 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 period last year, the company posted $0.78 earnings per share. As a group, research analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

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.