Accel Wealth Management Purchases 1,300 Shares of U.S. Bancorp (NYSE:USB)

Accel Wealth Management boosted its position in U.S. Bancorp (NYSE:USB) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 110,194 shares of the financial services provider’s stock after buying an additional 1,300 shares during the quarter. U.S. Bancorp makes up about 2.1% of Accel Wealth Management’s portfolio, making the stock its 10th biggest position. Accel Wealth Management’s holdings in U.S. Bancorp were worth $4,926,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CGC Financial Services LLC acquired a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $25,000. BKM Wealth Management LLC acquired a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $26,000. Planned Solutions Inc. bought a new stake in U.S. Bancorp in the 4th quarter valued at $27,000. Naples Money Management LLC bought a new stake in U.S. Bancorp in the 4th quarter valued at $30,000. Finally, Financial Synergies Wealth Advisors Inc. bought a new stake in shares of U.S. Bancorp during the 1st quarter valued at $30,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Stock Down 1.2 %

NYSE:USB traded down $0.46 on Thursday, hitting $39.51. The stock had a trading volume of 3,715,540 shares, compared to its average volume of 8,371,646. The business’s fifty day moving average is $40.26 and its 200 day moving average is $41.60. The company has a market cap of $61.65 billion, a PE ratio of 13.08, a P/E/G ratio of 3.85 and a beta of 1.04. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07. U.S. Bancorp has a 52 week low of $30.47 and a 52 week high of $45.85.

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

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.96%. U.S. Bancorp’s dividend payout ratio is presently 64.90%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on USB shares. Morgan Stanley reiterated an “equal weight” rating and set a $45.00 target price on shares of U.S. Bancorp in a research report on Friday, June 21st. Keefe, Bruyette & Woods restated a “market perform” rating and set a $45.00 price objective (down from $52.00) on shares of U.S. Bancorp in a research report on Thursday, April 18th. Royal Bank of Canada restated an “outperform” rating and set a $47.00 price objective on shares of U.S. Bancorp in a research report on Thursday, May 16th. Jefferies Financial Group dropped their price objective on U.S. Bancorp from $43.00 to $42.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, StockNews.com cut U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $45.84.

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.