Arkadios Wealth Advisors Has $4.98 Million Position in U.S. Bancorp (NYSE:USB)

Arkadios Wealth Advisors lifted its position in U.S. Bancorp (NYSE:USB) by 13.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 104,112 shares of the financial services provider’s stock after purchasing an additional 12,165 shares during the quarter. Arkadios Wealth Advisors’ holdings in U.S. Bancorp were worth $4,980,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Renaissance Technologies LLC bought a new position in shares of U.S. Bancorp in the second quarter valued at approximately $9,198,000. Mercer Global Advisors Inc. ADV raised its position in U.S. Bancorp by 4.3% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 180,386 shares of the financial services provider’s stock valued at $7,757,000 after purchasing an additional 7,481 shares during the last quarter. Seven Eight Capital LP bought a new position in U.S. Bancorp in the 2nd quarter valued at $1,170,000. Brighton Jones LLC grew its holdings in shares of U.S. Bancorp by 55.8% during the second quarter. Brighton Jones LLC now owns 43,343 shares of the financial services provider’s stock worth $1,721,000 after purchasing an additional 15,531 shares during the last quarter. Finally, Ieq Capital LLC grew its holdings in shares of U.S. Bancorp by 17.7% during the second quarter. Ieq Capital LLC now owns 64,479 shares of the financial services provider’s stock worth $2,560,000 after purchasing an additional 9,704 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

USB opened at $48.40 on Friday. The stock has a market cap of $75.50 billion, a P/E ratio of 14.80, a P/E/G ratio of 2.47 and a beta of 1.05. U.S. Bancorp has a 12 month low of $37.81 and a 12 month high of $53.98. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.04. The company has a fifty day simple moving average of $50.22 and a 200 day simple moving average of $46.72.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. During the same period in the prior year, the company earned $0.99 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, research analysts expect that U.S. Bancorp will post 3.91 EPS for the current year.

U.S. Bancorp Announces Dividend

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

Wall Street Analyst Weigh In

USB has been the topic of several research reports. Oppenheimer upped their price target on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday. Wells Fargo & Company increased their price target on shares of U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Raymond James upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a research report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft lowered U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price objective on the stock. in a research report on Thursday, October 24th. Finally, Evercore ISI boosted their target price on U.S. Bancorp from $51.00 to $54.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.21.

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.