Actinver Wealth Management Inc. purchased a new position in U.S. Bancorp (NYSE:USB) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 34,234 shares of the financial services provider’s stock, valued at approximately $1,777,000.
Other hedge funds have also modified their holdings of the company. WESPAC Advisors SoCal LLC acquired a new stake in shares of U.S. Bancorp in the 4th quarter valued at $27,000. Executive Wealth Management LLC purchased a new stake in shares of U.S. Bancorp in the fourth quarter worth approximately $27,000. Gantzert Investment Co. LLC ADV purchased a new stake in shares of U.S. Bancorp in the fourth quarter worth approximately $32,000. ERTS Wealth Advisors LLC purchased a new stake in shares of U.S. Bancorp in the fourth quarter worth approximately $36,000. Finally, Centerpoint Advisors LLC purchased a new stake in shares of U.S. Bancorp in the fourth quarter worth approximately $45,000. Institutional investors and hedge funds own 75.82% of the company’s stock.
In other U.S. Bancorp news, Vice Chairman Leslie V. Godridge sold 14,737 shares of the company’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $51.50, for a total transaction of $758,955.50. Following the completion of the transaction, the insider now owns 61,737 shares of the company’s stock, valued at approximately $3,179,455.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman James B. Kelligrew sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $50.61, for a total value of $1,012,200.00. Following the transaction, the insider now directly owns 49,495 shares of the company’s stock, valued at approximately $2,504,941.95. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, April 17th. The financial services provider reported $1.00 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.00. The business had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.62 billion. U.S. Bancorp had a return on equity of 15.53% and a net margin of 27.02%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.96 EPS. As a group, sell-side analysts predict that U.S. Bancorp will post 4.28 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date was Thursday, March 28th. U.S. Bancorp’s payout ratio is 36.10%.
A number of analysts have recently weighed in on USB shares. Barclays raised their target price on U.S. Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, January 2nd. Jefferies Financial Group lowered U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Oppenheimer raised their target price on U.S. Bancorp from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Robert W. Baird lowered U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 target price for the company. in a research note on Monday, January 28th. Finally, Zacks Investment Research lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $58.18.
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U.S. Bancorp Company Profile
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.
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