HCR Wealth Advisors Acquires 5,212 Shares of U.S. Bancorp (NYSE:USB)

HCR Wealth Advisors lifted its holdings in shares of U.S. Bancorp (NYSE:USB) by 30.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,108 shares of the financial services provider’s stock after buying an additional 5,212 shares during the period. HCR Wealth Advisors’ holdings in U.S. Bancorp were worth $957,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of USB. Team Hewins LLC bought a new stake in shares of U.S. Bancorp in the fourth quarter worth approximately $210,000. TCW Group Inc. lifted its holdings in shares of U.S. Bancorp by 244.4% during the 4th quarter. TCW Group Inc. now owns 34,593 shares of the financial services provider’s stock valued at $1,506,000 after buying an additional 24,550 shares during the period. SageView Advisory Group LLC boosted its stake in shares of U.S. Bancorp by 29.9% in the 4th quarter. SageView Advisory Group LLC now owns 47,478 shares of the financial services provider’s stock worth $2,058,000 after buying an additional 10,938 shares during the last quarter. Allstate Corp bought a new stake in shares of U.S. Bancorp in the fourth quarter worth $220,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its holdings in U.S. Bancorp by 1,069.5% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,532 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 1,401 shares during the period. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Price Performance

USB traded up $0.51 during trading hours on Friday, hitting $40.53. The company’s stock had a trading volume of 6,156,240 shares, compared to its average volume of 7,008,351. The stock has a market cap of $63.25 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 3.86 and a beta of 1.05. The business’s 50-day moving average price is $41.99 and its 200-day moving average price is $41.33. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. U.S. Bancorp has a 12 month low of $29.33 and a 12 month high of $45.85.

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

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date of this dividend was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is 64.90%.

Analyst Ratings Changes

A number of equities analysts recently commented on USB shares. Oppenheimer decreased their target price on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. DA Davidson lowered their price objective on U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. Evercore ISI increased their target price on shares of U.S. Bancorp from $46.00 to $48.00 and gave the stock an “in-line” rating in a report on Thursday, March 28th. UBS Group decreased their target price on shares of U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Finally, JPMorgan Chase & Co. dropped their price target on shares of U.S. Bancorp from $45.00 to $43.50 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, U.S. Bancorp currently has a consensus rating of “Hold” and a consensus price target of $46.02.

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.