Vise Technologies Inc. Boosts Stake in U.S. Bancorp $USB

Vise Technologies Inc. lifted its holdings in U.S. Bancorp (NYSE:USB) by 90.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 49,501 shares of the financial services provider’s stock after purchasing an additional 23,566 shares during the period. Vise Technologies Inc.’s holdings in U.S. Bancorp were worth $2,641,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Clayton Financial Group LLC purchased a new position in shares of U.S. Bancorp in the fourth quarter worth about $25,000. Financial Life Planners purchased a new position in shares of U.S. Bancorp in the third quarter worth about $25,000. JPL Wealth Management LLC purchased a new position in shares of U.S. Bancorp in the third quarter worth about $28,000. Westfuller Advisors LLC lifted its stake in shares of U.S. Bancorp by 54.7% in the fourth quarter. Westfuller Advisors LLC now owns 608 shares of the financial services provider’s stock worth $33,000 after buying an additional 215 shares in the last quarter. Finally, Binnacle Investments Inc lifted its stake in shares of U.S. Bancorp by 77.8% in the third quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock worth $30,000 after buying an additional 273 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $55.70 on Friday. The company’s 50 day simple moving average is $54.71 and its 200-day simple moving average is $54.16. The company has a market capitalization of $86.39 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 1.00 and a beta of 0.97. U.S. Bancorp has a 1 year low of $42.55 and a 1 year high of $61.19. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.81 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. The business had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.27 billion. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. As a group, equities research analysts expect that U.S. Bancorp will post 5.09 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, March 31st. U.S. Bancorp’s payout ratio is 43.61%.

Wall Street Analysts Forecast Growth

USB has been the topic of a number of analyst reports. Royal Bank Of Canada lifted their target price on shares of U.S. Bancorp from $59.00 to $61.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Weiss Ratings raised shares of U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Wall Street Zen downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday. Morgan Stanley set a $64.00 target price on shares of U.S. Bancorp in a research note on Friday, April 17th. Finally, JPMorgan Chase & Co. reduced their target price on shares of U.S. Bancorp from $58.00 to $57.50 and set an “underweight” rating on the stock in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.20.

Insider Buying and Selling

In other news, EVP Venkatachari Dilip sold 34,522 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total value of $1,916,661.44. Following the sale, the executive vice president directly owned 51,292 shares of the company’s stock, valued at approximately $2,847,731.84. The trade was a 40.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jodi L. Richard sold 40,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $11,813,307. This trade represents a 16.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.21% of the stock is currently owned by insiders.

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.