EP Wealth Advisors LLC Buys 892 Shares of U.S. Bancorp (NYSE:USB)

EP Wealth Advisors LLC increased its stake in shares of U.S. Bancorp (NYSE:USB) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,020 shares of the financial services provider’s stock after buying an additional 892 shares during the quarter. EP Wealth Advisors LLC’s holdings in U.S. Bancorp were worth $4,784,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Colonial Trust Co SC increased its stake in U.S. Bancorp by 49.9% in the 4th quarter. Colonial Trust Co SC now owns 3,042 shares of the financial services provider’s stock valued at $145,000 after buying an additional 1,012 shares during the last quarter. CoreCap Advisors LLC increased its position in shares of U.S. Bancorp by 36.6% during the 4th quarter. CoreCap Advisors LLC now owns 904 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 242 shares during the last quarter. Brevan Howard Capital Management LP purchased a new stake in U.S. Bancorp during the fourth quarter worth about $2,233,000. Cahill Financial Advisors Inc. raised its position in U.S. Bancorp by 24.0% in the fourth quarter. Cahill Financial Advisors Inc. now owns 23,092 shares of the financial services provider’s stock worth $1,104,000 after acquiring an additional 4,476 shares during the period. Finally, Captrust Financial Advisors grew its position in shares of U.S. Bancorp by 4.7% during the 4th quarter. Captrust Financial Advisors now owns 242,743 shares of the financial services provider’s stock valued at $11,610,000 after acquiring an additional 10,833 shares during the period. 77.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 21st. The shares were bought at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the transaction, the director now directly owns 15,000 shares in the company, valued at $559,800. This trade represents a 50.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on USB. Truist Financial dropped their price objective on U.S. Bancorp from $51.00 to $48.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th. Raymond James reiterated an “outperform” rating and set a $51.00 price target (down previously from $57.00) on shares of U.S. Bancorp in a research note on Thursday, April 17th. The Goldman Sachs Group lowered their price objective on U.S. Bancorp from $51.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Citigroup cut their target price on shares of U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Finally, Morgan Stanley lowered their price target on shares of U.S. Bancorp from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.48.

U.S. Bancorp Trading Up 1.9 %

Shares of U.S. Bancorp stock opened at $42.08 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The firm has a market cap of $65.56 billion, a PE ratio of 11.10, a PEG ratio of 1.73 and a beta of 0.97. The company has a 50 day simple moving average of $40.76 and a two-hundred day simple moving average of $46.19.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. During the same period in the previous year, the firm posted $0.78 EPS. Analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.75%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 49.50%.

U.S. Bancorp Company 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.