4,812 Shares in U.S. Bancorp (NYSE:USB) Bought by Armstrong Fleming & Moore Inc

Armstrong Fleming & Moore Inc bought a new position in shares of U.S. Bancorp (NYSE:USB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,812 shares of the financial services provider’s stock, valued at approximately $208,000.

Several other large investors have also added to or reduced their stakes in the business. Savant Capital LLC lifted its stake in U.S. Bancorp by 7.5% in the fourth quarter. Savant Capital LLC now owns 52,408 shares of the financial services provider’s stock valued at $2,268,000 after acquiring an additional 3,651 shares during the last quarter. Mission Wealth Management LP acquired a new stake in U.S. Bancorp in the fourth quarter valued at $263,000. Norden Group LLC lifted its stake in U.S. Bancorp by 48.0% in the fourth quarter. Norden Group LLC now owns 15,763 shares of the financial services provider’s stock valued at $682,000 after acquiring an additional 5,110 shares during the last quarter. Field & Main Bank lifted its stake in U.S. Bancorp by 3.4% in the fourth quarter. Field & Main Bank now owns 26,143 shares of the financial services provider’s stock valued at $1,131,000 after acquiring an additional 860 shares during the last quarter. Finally, Kestra Private Wealth Services LLC lifted its stake in U.S. Bancorp by 16.3% in the fourth quarter. Kestra Private Wealth Services LLC now owns 22,913 shares of the financial services provider’s stock valued at $992,000 after acquiring an additional 3,203 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on USB. HSBC upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and raised their target price for the stock from $47.00 to $53.00 in a research note on Thursday, March 28th. Barclays cut their target price on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Jefferies Financial Group raised their target price on shares of U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. Oppenheimer cut their target price on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a research note on Thursday, April 18th. Finally, DA Davidson lowered their price target on shares of U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, U.S. Bancorp has an average rating of “Hold” and a consensus price target of $46.02.

Insider Buying and Selling

In related news, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the sale, the executive vice president now directly owns 164,880 shares in the company, valued at approximately $6,837,573.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock traded up $0.42 during midday trading on Wednesday, hitting $41.05. 5,844,995 shares of the company traded hands, compared to its average volume of 8,626,446. The stock has a market cap of $63.96 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 2.15 and a beta of 1.05. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. The firm’s fifty day moving average price is $42.33 and its 200-day moving average price is $40.34. U.S. Bancorp has a 12 month low of $27.27 and a 12 month high of $45.85.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period in the previous year, the firm posted $1.16 EPS. The firm’s revenue was down 6.4% on a year-over-year basis. As a group, sell-side analysts forecast that U.S. Bancorp will post 3.85 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a dividend of $0.49 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.77%. U.S. Bancorp’s dividend payout ratio is presently 64.90%.

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.