Advantage Trust Co Takes $56,000 Position in U.S. Bancorp (NYSE:USB)

Advantage Trust Co bought a new stake in U.S. Bancorp (NYSE:USB) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,300 shares of the financial services provider’s stock, valued at approximately $56,000.

Several other hedge funds have also bought and sold shares of the company. Mosaic Family Wealth Partners LLC raised its position in shares of U.S. Bancorp by 1.4% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider’s stock valued at $832,000 after purchasing an additional 265 shares during the period. Wealth Alliance lifted its position in U.S. Bancorp by 0.5% during the fourth quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock worth $2,131,000 after acquiring an additional 266 shares during the last quarter. Perkins Capital Management Inc. lifted its position in U.S. Bancorp by 2.0% during the third quarter. Perkins Capital Management Inc. now owns 14,984 shares of the financial services provider’s stock worth $495,000 after acquiring an additional 300 shares during the last quarter. Mechanics Financial Corp boosted its holdings in shares of U.S. Bancorp by 4.9% during the fourth quarter. Mechanics Financial Corp now owns 6,386 shares of the financial services provider’s stock worth $276,000 after acquiring an additional 300 shares during the period. Finally, Cigna Investments Inc. New grew its position in shares of U.S. Bancorp by 1.9% in the fourth quarter. Cigna Investments Inc. New now owns 16,632 shares of the financial services provider’s stock valued at $720,000 after purchasing an additional 308 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Price Performance

Shares of NYSE USB traded down $0.15 during mid-day trading on Thursday, hitting $41.54. 6,375,503 shares of the stock traded hands, compared to its average volume of 8,527,444. U.S. Bancorp has a twelve month low of $28.53 and a twelve month high of $45.85. The firm has a 50 day simple moving average of $42.36 and a two-hundred day simple moving average of $40.64. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. The company has a market cap of $64.82 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The firm had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period last year, the firm posted $1.16 earnings per share. As a group, equities research analysts forecast that U.S. Bancorp will post 3.84 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 4.72%. U.S. Bancorp’s payout ratio is 64.90%.

Insider Buying and Selling

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction 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 owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.23% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on USB shares. Royal Bank of Canada boosted their price target on U.S. Bancorp from $43.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. HSBC raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their target price for the company from $47.00 to $53.00 in a research report on Thursday, March 28th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $45.00 price objective (down previously from $52.00) on shares of U.S. Bancorp in a research note on Thursday, April 18th. Morgan Stanley raised their target price on shares of U.S. Bancorp from $44.00 to $45.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. Finally, Jefferies Financial Group boosted their price target on U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.02.

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.