U.S. Bancorp (NYSE:USB) Shares Purchased by Wedmont Private Capital

Wedmont Private Capital raised its position in U.S. Bancorp (NYSE:USB) by 19.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,913 shares of the financial services provider’s stock after buying an additional 3,790 shares during the period. Wedmont Private Capital’s holdings in U.S. Bancorp were worth $1,086,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Parallel Advisors LLC raised its stake in U.S. Bancorp by 3.4% in the 2nd quarter. Parallel Advisors LLC now owns 19,860 shares of the financial services provider’s stock valued at $788,000 after purchasing an additional 648 shares during the last quarter. Thoroughbred Financial Services LLC raised its position in shares of U.S. Bancorp by 128.8% in the second quarter. Thoroughbred Financial Services LLC now owns 21,609 shares of the financial services provider’s stock valued at $857,000 after buying an additional 12,164 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of U.S. Bancorp by 22.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 146,210 shares of the financial services provider’s stock worth $5,805,000 after buying an additional 26,554 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new position in U.S. Bancorp during the second quarter worth about $25,000. Finally, Brown Brothers Harriman & Co. grew its stake in U.S. Bancorp by 4.9% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 119,282 shares of the financial services provider’s stock valued at $4,735,000 after acquiring an additional 5,603 shares in the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

U.S. Bancorp Trading Up 2.1 %

Shares of NYSE USB opened at $48.38 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $75.47 billion, a PE ratio of 14.80, a PEG ratio of 3.01 and a beta of 1.05. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98. The stock has a fifty day simple moving average of $50.22 and a 200-day simple moving average of $46.61.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, October 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.04. The company had revenue of $6.86 billion during the quarter, compared to the consensus estimate 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 revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 EPS. On average, equities analysts forecast that U.S. Bancorp will post 3.93 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 4.13%. U.S. Bancorp’s dividend payout ratio is presently 61.16%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on USB. Deutsche Bank Aktiengesellschaft cut U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 target price on the stock. in a report on Thursday, October 24th. Royal Bank of Canada set a $53.00 target price on U.S. Bancorp in a report on Thursday, October 17th. Stephens lifted their price target on U.S. Bancorp from $49.00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Morgan Stanley raised shares of U.S. Bancorp from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $54.00 to $57.00 in a report on Monday, September 30th. Finally, Barclays raised their price objective on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.07.

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.