21,453 Shares in U.S. Bancorp $USB Purchased by Winnow Wealth LLC

Winnow Wealth LLC acquired a new position in U.S. Bancorp (NYSE:USB) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 21,453 shares of the financial services provider’s stock, valued at approximately $1,051,000.

Other hedge funds have also recently modified their holdings of the company. IMG Wealth Management Inc. purchased a new stake in shares of U.S. Bancorp during the second quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in U.S. Bancorp in the 3rd quarter valued at $26,000. Hillsdale Investment Management Inc. purchased a new stake in shares of U.S. Bancorp during the 2nd quarter valued at $27,000. Pineridge Advisors LLC raised its stake in shares of U.S. Bancorp by 446.2% during the 2nd quarter. Pineridge Advisors LLC now owns 639 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 522 shares during the period. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in shares of U.S. Bancorp in the 3rd quarter worth about $31,000. Institutional investors own 77.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on USB. Evercore ISI set a $60.00 price objective on shares of U.S. Bancorp in a report on Tuesday, January 6th. Wells Fargo & Company raised their price target on shares of U.S. Bancorp from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Royal Bank Of Canada upped their price objective on U.S. Bancorp from $57.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Argus increased their price objective on U.S. Bancorp from $62.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, HSBC reaffirmed a “buy” rating and set a $62.00 price target on shares of U.S. Bancorp in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $58.19.

U.S. Bancorp Stock Performance

NYSE:USB opened at $56.09 on Friday. The business’s fifty day moving average is $53.54 and its 200 day moving average is $49.39. The firm has a market cap of $87.18 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 1.01 and a beta of 1.07. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $56.70.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.The business had revenue of $7.92 billion during the quarter, compared to analyst estimates of $7.31 billion. During the same quarter in the previous year, the firm earned $1.07 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. Research analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Wednesday, December 31st. U.S. Bancorp’s dividend payout ratio is 45.02%.

U.S. Bancorp Company Profile

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.