U.S. Bancorp (NYSE:USB) Shares Bought by MBM Wealth Consultants LLC

MBM Wealth Consultants LLC lifted its position in shares of U.S. Bancorp (NYSE:USB) by 5.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,134 shares of the financial services provider’s stock after acquiring an additional 407 shares during the period. MBM Wealth Consultants LLC’s holdings in U.S. Bancorp were worth $389,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in USB. Renaissance Technologies LLC purchased a new stake in shares of U.S. Bancorp in the second quarter valued at about $9,198,000. Canada Pension Plan Investment Board lifted its stake in U.S. Bancorp by 22.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 329,245 shares of the financial services provider’s stock valued at $13,071,000 after buying an additional 59,284 shares in the last quarter. Pacer Advisors Inc. grew its holdings in U.S. Bancorp by 4.6% during the 2nd quarter. Pacer Advisors Inc. now owns 111,691 shares of the financial services provider’s stock valued at $4,434,000 after buying an additional 4,910 shares during the last quarter. Ensign Peak Advisors Inc increased its position in U.S. Bancorp by 8.5% during the second quarter. Ensign Peak Advisors Inc now owns 424,102 shares of the financial services provider’s stock worth $16,837,000 after buying an additional 33,120 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of U.S. Bancorp by 5.1% in the second quarter. ProShare Advisors LLC now owns 316,903 shares of the financial services provider’s stock worth $12,581,000 after acquiring an additional 15,263 shares during the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

USB has been the subject of a number of recent research reports. Raymond James upgraded 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. Evercore ISI upped their price objective on shares of U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. DA Davidson upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their target price for the stock from $58.00 to $60.00 in a research report on Thursday, January 2nd. Citigroup upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their price target for the company from $49.00 to $65.00 in a report on Monday, November 25th. Finally, Wells Fargo & Company raised their price objective on U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, U.S. Bancorp has an average rating of “Moderate Buy” and an average price target of $54.21.

U.S. Bancorp Stock Performance

U.S. Bancorp stock opened at $49.33 on Wednesday. The firm has a market capitalization of $76.96 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 1.80 and a beta of 1.05. U.S. Bancorp has a one year low of $37.81 and a one year high of $53.98. The stock’s 50 day moving average price is $50.13 and its 200 day moving average price is $46.94. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The business 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 firm earned $0.99 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts expect that U.S. Bancorp will post 4.37 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.05%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 52.77%.

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.