Applied Capital LLC FL Acquires 986 Shares of U.S. Bancorp (NYSE:USB)

Applied Capital LLC FL increased its holdings in U.S. Bancorp (NYSE:USB) by 3.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,601 shares of the financial services provider’s stock after buying an additional 986 shares during the period. Applied Capital LLC FL’s holdings in U.S. Bancorp were worth $1,368,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of USB. CGC Financial Services LLC bought a new position in U.S. Bancorp in the 4th quarter worth approximately $25,000. BKM Wealth Management LLC bought a new position in U.S. Bancorp in the 4th quarter worth approximately $26,000. Planned Solutions Inc. bought a new position in U.S. Bancorp in the 4th quarter worth approximately $27,000. Naples Money Management LLC bought a new position in U.S. Bancorp in the 4th quarter worth approximately $30,000. Finally, Financial Synergies Wealth Advisors Inc. bought a new position in U.S. Bancorp in the 1st quarter valued at $30,000. 77.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

USB has been the subject of several analyst reports. Evercore ISI raised their price target on shares of U.S. Bancorp from $45.00 to $48.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. Jefferies Financial Group raised their price target on shares of U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a report on Monday, April 8th. Wells Fargo & Company cut their price target on shares of U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Compass Point raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their price target for the company from $46.00 to $49.00 in a report on Friday, March 22nd. Finally, DA Davidson lowered their price objective on shares of 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. Sixteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, U.S. Bancorp currently has an average rating of “Hold” and a consensus target price of $46.02.

U.S. Bancorp Trading Up 1.9 %

NYSE:USB traded up $0.75 during trading hours on Tuesday, reaching $39.99. The company’s stock had a trading volume of 5,682,986 shares, compared to its average volume of 8,379,502. The firm has a market capitalization of $62.40 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 3.82 and a beta of 1.04. The firm has a 50-day simple moving average of $40.35 and a 200-day simple moving average of $41.70. U.S. Bancorp has a 1 year low of $30.47 and a 1 year high of $45.85. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82.

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

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date is Friday, June 28th. U.S. Bancorp’s payout ratio is 64.90%.

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.