4,817 Shares in U.S. Bancorp (NYSE:USB) Purchased by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC purchased a new position in U.S. Bancorp (NYSE:USB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,817 shares of the financial services provider’s stock, valued at approximately $208,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in U.S. Bancorp by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock worth $4,513,127,000 after buying an additional 6,479,642 shares during the period. BlackRock Inc. increased its stake in U.S. Bancorp by 6.0% in the 2nd quarter. BlackRock Inc. now owns 110,704,962 shares of the financial services provider’s stock worth $3,657,692,000 after buying an additional 6,307,085 shares during the period. Mufg Bank LTD. increased its stake in U.S. Bancorp by 54.1% in the 3rd quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock worth $2,260,450,000 after buying an additional 24,000,000 shares during the period. State Street Corp increased its stake in U.S. Bancorp by 4.0% in the 2nd quarter. State Street Corp now owns 60,462,681 shares of the financial services provider’s stock worth $2,026,405,000 after buying an additional 2,300,777 shares during the period. Finally, Moneta Group Investment Advisors LLC grew its holdings in U.S. Bancorp by 130,768.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 60,273,882 shares of the financial services provider’s stock worth $2,628,544,000 after acquiring an additional 60,227,825 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on USB. Barclays increased their target price on shares of U.S. Bancorp from $48.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. UBS Group increased their target price on shares of U.S. Bancorp from $35.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, January 17th. StockNews.com cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Royal Bank of Canada increased their target price on shares of U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. Finally, Stephens cut shares of U.S. Bancorp from an “overweight” rating to an “equal weight” rating in a report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $46.41.

Insider Activity

In related news, insider Timothy A. Welsh sold 12,100 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $40.33, for a total value of $487,993.00. Following the sale, the insider now directly owns 106,958 shares in the company, valued at approximately $4,313,616.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Timothy A. Welsh sold 12,100 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $40.33, for a total transaction of $487,993.00. Following the sale, the insider now directly owns 106,958 shares in the company, valued at $4,313,616.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the sale, the executive vice president now owns 164,880 shares in the company, valued at $6,837,573.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,265 shares of company stock valued at $2,535,903. 0.23% of the stock is currently owned by insiders.

U.S. Bancorp Stock Performance

USB stock traded up $0.69 during trading on Thursday, reaching $44.69. The company had a trading volume of 7,594,784 shares, compared to its average volume of 9,094,184. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $69.63 billion, a price-to-earnings ratio of 13.66, a price-to-earnings-growth ratio of 2.24 and a beta of 1.04. The firm has a 50-day simple moving average of $41.98 and a 200-day simple moving average of $38.84. U.S. Bancorp has a twelve month low of $27.27 and a twelve month high of $45.85.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.28. The firm had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.85 billion. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 EPS. As a group, sell-side analysts expect that U.S. Bancorp will post 3.89 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 4.39%. U.S. Bancorp’s payout ratio is 59.76%.

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.