Wealthspire Advisors LLC Buys 760 Shares of U.S. Bancorp (NYSE:USB)

Wealthspire Advisors LLC boosted its position in shares of U.S. Bancorp (NYSE:USB) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,207 shares of the financial services provider’s stock after buying an additional 760 shares during the quarter. Wealthspire Advisors LLC’s holdings in U.S. Bancorp were worth $1,307,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Mosaic Family Wealth Partners LLC raised its position in shares of U.S. Bancorp by 1.4% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider’s stock worth $832,000 after acquiring an additional 265 shares in the last quarter. Wealth Alliance boosted its stake in U.S. Bancorp by 0.5% in the fourth quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock valued at $2,131,000 after acquiring an additional 266 shares in the last quarter. Perkins Capital Management Inc. increased its position in shares of U.S. Bancorp by 2.0% during the third quarter. Perkins Capital Management Inc. now owns 14,984 shares of the financial services provider’s stock worth $495,000 after purchasing an additional 300 shares in the last quarter. Mechanics Financial Corp lifted its holdings in shares of U.S. Bancorp by 4.9% during the 4th quarter. Mechanics Financial Corp now owns 6,386 shares of the financial services provider’s stock valued at $276,000 after purchasing an additional 300 shares during the last quarter. Finally, Cigna Investments Inc. New boosted its position in shares of U.S. Bancorp by 1.9% in the 4th quarter. Cigna Investments Inc. New now owns 16,632 shares of the financial services provider’s stock worth $720,000 after purchasing an additional 308 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

NYSE USB traded up $0.13 during trading hours on Friday, hitting $41.67. 192,653 shares of the company’s stock traded hands, compared to its average volume of 8,435,255. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. The firm’s 50-day moving average is $42.36 and its 200-day moving average is $40.64. U.S. Bancorp has a 52-week low of $28.53 and a 52-week high of $45.85. The company has a market capitalization of $65.02 billion, a PE ratio of 13.76, a PEG ratio of 2.16 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. The company had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.16 EPS. Equities analysts forecast that U.S. Bancorp will post 3.84 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.70%. U.S. Bancorp’s dividend payout ratio (DPR) is 64.90%.

Analyst Ratings Changes

USB has been the subject of a number of recent analyst reports. UBS Group lowered their target price on shares of U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Oppenheimer cut their target price on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a research report on Thursday, April 18th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $45.00 price target (down previously from $52.00) on shares of U.S. Bancorp in a research report on Thursday, April 18th. Compass Point raised U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $46.00 to $49.00 in a report on Friday, March 22nd. Finally, JPMorgan Chase & Co. cut their price target on shares of U.S. Bancorp from $45.00 to $43.50 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.02.

Insider Activity

In other news, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp stock in a transaction on Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp Company 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.