Creative Financial Designs Inc. ADV reduced its position in shares of U.S. Bancorp (NYSE:USB – Free Report) by 73.1% in the fourth quarter, Holdings Channel reports. The fund owned 15,907 shares of the financial services provider’s stock after selling 43,152 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in U.S. Bancorp were worth $849,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Paulson Wealth Management Inc. grew its stake in shares of U.S. Bancorp by 2.0% in the 4th quarter. Paulson Wealth Management Inc. now owns 8,780 shares of the financial services provider’s stock worth $469,000 after buying an additional 173 shares in the last quarter. Gilbert & Cook Inc. raised its position in shares of U.S. Bancorp by 1.2% during the 4th quarter. Gilbert & Cook Inc. now owns 15,590 shares of the financial services provider’s stock valued at $832,000 after buying an additional 184 shares in the last quarter. Genesis Private Wealth LLC raised its position in shares of U.S. Bancorp by 2.3% during the 4th quarter. Genesis Private Wealth LLC now owns 8,348 shares of the financial services provider’s stock valued at $445,000 after buying an additional 187 shares in the last quarter. RiverFront Investment Group LLC lifted its holdings in shares of U.S. Bancorp by 3.0% in the 4th quarter. RiverFront Investment Group LLC now owns 6,623 shares of the financial services provider’s stock valued at $353,000 after acquiring an additional 196 shares during the last quarter. Finally, Lantz Financial LLC lifted its holdings in shares of U.S. Bancorp by 0.4% in the 4th quarter. Lantz Financial LLC now owns 49,360 shares of the financial services provider’s stock valued at $2,634,000 after acquiring an additional 199 shares during the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have weighed in on USB shares. Oppenheimer boosted their price objective on U.S. Bancorp from $73.00 to $74.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada raised their price objective on U.S. Bancorp from $59.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Evercore lifted their target price on U.S. Bancorp from $60.00 to $65.00 and gave the stock an “in-line” rating in a report on Thursday, February 5th. Barclays boosted their target price on U.S. Bancorp from $65.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Finally, Weiss Ratings upgraded U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, U.S. Bancorp has an average rating of “Moderate Buy” and an average target price of $61.20.
U.S. Bancorp Stock Up 0.2%
Shares of NYSE USB opened at $54.59 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $84.75 billion, a P/E ratio of 11.45, a PEG ratio of 0.98 and a beta of 1.00. U.S. Bancorp has a 1 year low of $42.21 and a 1 year high of $61.19. The firm has a 50-day simple moving average of $54.02 and a two-hundred day simple moving average of $53.63.
U.S. Bancorp (NYSE:USB – Get Free Report) last released its earnings results on Thursday, April 16th. The financial services provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The firm had revenue of $7.32 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the prior year, the firm posted $1.03 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Research analysts anticipate that U.S. Bancorp will post 5.09 earnings per share for the current year.
U.S. Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a dividend of $0.52 per share. The ex-dividend date was Tuesday, March 31st. This represents a $2.08 dividend on an annualized basis and a yield of 3.8%. U.S. Bancorp’s payout ratio is presently 43.61%.
Insider Buying and Selling at U.S. Bancorp
In other news, insider Jodi L. Richard sold 40,000 shares of the business’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the completion of the sale, the insider directly owned 207,251 shares of the company’s stock, valued at approximately $11,813,307. The trade was a 16.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Venkatachari Dilip sold 34,522 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the completion of the transaction, the executive vice president owned 51,292 shares in the company, valued at approximately $2,847,731.84. The trade was a 40.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.21% of the company’s stock.
About U.S. Bancorp
U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.
Headquartered in Minneapolis, Minnesota, U.S.
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