Wynn Capital LLC Purchases New Shares in U.S. Bancorp (NYSE:USB)

Wynn Capital LLC purchased a new stake in shares of U.S. Bancorp (NYSE:USB) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,830 shares of the financial services provider’s stock, valued at approximately $415,000.

A number of other large investors also recently made changes to their positions in USB. Norges Bank bought a new position in shares of U.S. Bancorp during the fourth quarter valued at about $777,524,000. Invesco Ltd. lifted its position in shares of U.S. Bancorp by 48.1% during the fourth quarter. Invesco Ltd. now owns 16,787,513 shares of the financial services provider’s stock valued at $802,947,000 after purchasing an additional 5,449,949 shares in the last quarter. Marshall Wace LLP lifted its position in shares of U.S. Bancorp by 414.1% during the fourth quarter. Marshall Wace LLP now owns 5,789,565 shares of the financial services provider’s stock valued at $276,915,000 after purchasing an additional 4,663,518 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of U.S. Bancorp during the fourth quarter valued at about $184,733,000. Finally, FMR LLC lifted its position in shares of U.S. Bancorp by 5.0% during the fourth quarter. FMR LLC now owns 67,125,746 shares of the financial services provider’s stock valued at $3,210,624,000 after purchasing an additional 3,211,815 shares in the last quarter. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Price Performance

USB opened at $44.76 on Friday. The company has a market capitalization of $69.74 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 1.73 and a beta of 0.99. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The firm has a 50-day moving average price of $41.15 and a 200-day moving average price of $45.36. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the firm posted $0.78 EPS. Equities analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date was Monday, March 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 49.50%.

Analyst Ratings Changes

USB has been the subject of a number of research analyst reports. Wolfe Research upgraded shares of U.S. Bancorp from a “peer perform” rating to an “outperform” rating and set a $49.00 price objective for the company in a report on Thursday, April 3rd. Bank of America decreased their price objective on shares of U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating for the company in a report on Monday, March 17th. JPMorgan Chase & Co. restated an “underweight” rating and set a $43.50 price objective (down previously from $51.00) on shares of U.S. Bancorp in a report on Thursday, April 3rd. DA Davidson decreased their price objective on shares of U.S. Bancorp from $54.00 to $49.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Finally, Royal Bank of Canada decreased their price objective on shares of U.S. Bancorp from $57.00 to $50.00 and set an “outperform” rating for the company in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $50.67.

Insider Buying and Selling

In other 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 acquired at an average price of $37.32 per share, with a total value of $186,600.00. Following the acquisition, the director now owns 15,000 shares of the company’s stock, valued at approximately $559,800. The trade was a 50.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.23% of the stock is currently owned by insiders.

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.