HFG Advisors Inc. Makes New $910,000 Investment in U.S. Bancorp (NYSE:USB)

HFG Advisors Inc. purchased a new position in U.S. Bancorp (NYSE:USB) in the 1st quarter, Holdings Channel.com reports. The fund purchased 21,556 shares of the financial services provider’s stock, valued at approximately $910,000.

Other large investors have also bought and sold shares of the company. Norges Bank purchased a new stake in U.S. Bancorp in the fourth quarter worth $777,524,000. Invesco Ltd. boosted its stake in U.S. Bancorp by 48.1% during the fourth quarter. Invesco Ltd. now owns 16,787,513 shares of the financial services provider’s stock worth $802,947,000 after acquiring an additional 5,449,949 shares in the last quarter. Marshall Wace LLP grew its holdings in U.S. Bancorp by 414.1% in the fourth quarter. Marshall Wace LLP now owns 5,789,565 shares of the financial services provider’s stock worth $276,915,000 after purchasing an additional 4,663,518 shares during the period. Raymond James Financial Inc. bought a new position in shares of U.S. Bancorp during the fourth quarter valued at approximately $184,733,000. Finally, FMR LLC boosted its position in shares of U.S. Bancorp by 5.0% in the 4th quarter. FMR LLC now owns 67,125,746 shares of the financial services provider’s stock worth $3,210,624,000 after purchasing an additional 3,211,815 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

USB has been the topic of a number of recent research reports. Wolfe Research raised U.S. Bancorp from a “peer perform” rating to an “outperform” rating and set a $49.00 target price on the stock in a research note on Thursday, April 3rd. Cowen initiated coverage on shares of U.S. Bancorp in a research note on Wednesday, May 14th. They issued a “buy” rating on the stock. DA Davidson reduced their price objective on shares of U.S. Bancorp from $54.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $43.50 target price (down from $51.00) on shares of U.S. Bancorp in a report on Thursday, April 3rd. Finally, Truist Financial cut their price target on shares of U.S. Bancorp from $51.00 to $48.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $50.72.

Insider Buying and Selling

In other U.S. Bancorp news, Director Aleem Gillani bought 5,000 shares of U.S. Bancorp stock in a transaction on Monday, April 21st. The stock was acquired at an average cost of $37.32 per share, with a total value of $186,600.00. Following the completion of the acquisition, the director now owns 15,000 shares in the company, valued at approximately $559,800. This represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.23% of the stock is currently owned by insiders.

U.S. Bancorp Stock Performance

Shares of USB opened at $42.68 on Wednesday. The firm has a market capitalization of $66.49 billion, a P/E ratio of 10.56, a PEG ratio of 1.62 and a beta of 0.99. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.80 and a quick ratio of 0.80. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The business has a fifty day moving average of $41.95 and a 200 day moving average of $44.92.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.06. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the previous year, the company posted $0.78 EPS. As a group, sell-side analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

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.