U.S. Bancorp (NYSE:USB) Shares Purchased by Bell Bank

Bell Bank boosted its position in U.S. Bancorp (NYSE:USB) by 20.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,784 shares of the financial services provider’s stock after acquiring an additional 982 shares during the period. Bell Bank’s holdings in U.S. Bancorp were worth $277,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. LifeSteps Financial Inc. boosted its holdings in shares of U.S. Bancorp by 1.2% during the fourth quarter. LifeSteps Financial Inc. now owns 51,417 shares of the financial services provider’s stock worth $2,459,000 after purchasing an additional 600 shares during the last quarter. Peregrine Asset Advisers Inc. acquired a new stake in U.S. Bancorp in the 4th quarter worth about $208,000. Bank of Stockton grew its holdings in U.S. Bancorp by 10.1% in the 4th quarter. Bank of Stockton now owns 14,656 shares of the financial services provider’s stock valued at $701,000 after buying an additional 1,345 shares during the period. Transcend Capital Advisors LLC increased its stake in shares of U.S. Bancorp by 5.1% during the 4th quarter. Transcend Capital Advisors LLC now owns 5,196 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 252 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of U.S. Bancorp during the 4th quarter worth about $1,012,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on USB. Wells Fargo & Company upped their price target on shares of U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Citigroup upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $49.00 to $65.00 in a report on Monday, November 25th. Evercore ISI lifted their target price on U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Morgan Stanley cut their price objective on U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, Raymond James raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a research report on Thursday, December 19th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, U.S. Bancorp currently has an average rating of “Moderate Buy” and a consensus price target of $54.21.

U.S. Bancorp Stock Down 1.9 %

Shares of NYSE:USB opened at $45.88 on Friday. The company’s fifty day moving average is $48.19 and its two-hundred day moving average is $47.64. 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 has a 1-year low of $37.81 and a 1-year high of $53.98. The stock has a market capitalization of $71.57 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 1.75 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. U.S. Bancorp’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 earnings per share. Equities analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently announced 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 4.36%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp’s payout ratio is 52.77%.

Insider Activity

In related news, insider Terrance R. Dolan sold 66,317 shares of U.S. Bancorp stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $46.96, for a total value of $3,114,246.32. Following the sale, the insider now directly owns 209,482 shares in the company, valued at $9,837,274.72. This trade represents a 24.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew Cecere sold 102,044 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the completion of the transaction, the chief executive officer now owns 1,230,316 shares of the company’s stock, valued at approximately $58,132,431. This trade represents a 7.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 219,812 shares of company stock valued at $10,385,665. 0.23% of the stock is currently owned by company insiders.

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.