U.S. Bancorp (NYSE:USB) Shares Purchased by HBW Advisory Services LLC

HBW Advisory Services LLC grew its position in shares of U.S. Bancorp (NYSE:USB) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,088 shares of the financial services provider’s stock after acquiring an additional 1,362 shares during the quarter. HBW Advisory Services LLC’s holdings in U.S. Bancorp were worth $2,204,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Global Wealth Strategies & Associates boosted its stake in U.S. Bancorp by 70.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 250 shares during the period. Redwood Wealth Management Group LLC acquired a new position in shares of U.S. Bancorp during the second quarter worth approximately $25,000. Frazier Financial Advisors LLC grew its holdings in U.S. Bancorp by 222.7% in the 3rd quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider’s stock worth $29,000 after buying an additional 441 shares in the last quarter. Y.D. More Investments Ltd acquired a new stake in U.S. Bancorp in the 2nd quarter valued at approximately $33,000. Finally, Legacy Investment Solutions LLC bought a new stake in U.S. Bancorp during the 3rd quarter valued at $40,000. Institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $49.03, for a total transaction of $1,225,750.00. Following the completion of the transaction, the insider now directly owns 129,790 shares in the company, valued at $6,363,603.70. This represents a 16.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on USB shares. Raymond James raised U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price target for the company in a research note on Thursday, December 19th. Oppenheimer reduced their price target on shares of U.S. Bancorp from $66.00 to $62.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Barclays increased their price objective on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a report on Monday. Evercore ISI boosted their price objective on U.S. Bancorp from $51.00 to $54.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Finally, Stephens upped their price objective on U.S. Bancorp from $49.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, U.S. Bancorp currently has a consensus rating of “Hold” and an average price target of $54.07.

U.S. Bancorp Stock Performance

Shares of USB stock traded down $1.09 during mid-day trading on Friday, reaching $47.43. The stock had a trading volume of 3,907,052 shares, compared to its average volume of 5,940,762. U.S. Bancorp has a one year low of $37.81 and a one year high of $53.98. The firm has a market cap of $73.99 billion, a PE ratio of 14.50, a P/E/G ratio of 3.01 and a beta of 1.05. The firm’s 50 day simple moving average is $50.21 and its 200 day simple moving average is $46.41. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.04.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.99 by $0.04. The firm had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.90 billion. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. U.S. Bancorp’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the business earned $1.05 earnings per share. On average, analysts forecast that U.S. Bancorp will post 3.93 EPS for the current year.

U.S. Bancorp announced that its Board of Directors has initiated a share repurchase program on Thursday, September 12th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the financial services provider to buy up to 7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.22%. U.S. Bancorp’s payout ratio is currently 61.16%.

U.S. Bancorp 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.