Everpar Advisors LLC Buys Shares of 23,250 U.S. Bancorp (NYSE:USB)

Everpar Advisors LLC purchased a new position in shares of U.S. Bancorp (NYSE:USB) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 23,250 shares of the financial services provider’s stock, valued at approximately $1,006,000.

A number of other large investors have also recently bought and sold shares of the business. Mosaic Family Wealth Partners LLC increased its holdings in shares of U.S. Bancorp by 1.4% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider’s stock valued at $832,000 after acquiring an additional 265 shares during the last quarter. Wealth Alliance grew its holdings 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 valued at $2,131,000 after purchasing an additional 266 shares during the last quarter. Perkins Capital Management Inc. raised its position in shares of U.S. Bancorp by 2.0% in the third quarter. Perkins Capital Management Inc. now owns 14,984 shares of the financial services provider’s stock valued at $495,000 after purchasing an additional 300 shares during the period. Mechanics Financial Corp lifted its stake in shares of U.S. Bancorp by 4.9% in the fourth quarter. Mechanics Financial Corp now owns 6,386 shares of the financial services provider’s stock worth $276,000 after buying an additional 300 shares during the last quarter. Finally, Cigna Investments Inc. New boosted its holdings in shares of U.S. Bancorp by 1.9% during the 4th quarter. Cigna Investments Inc. New now owns 16,632 shares of the financial services provider’s stock worth $720,000 after buying an additional 308 shares during the period. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock traded up $0.11 during midday trading on Wednesday, hitting $41.69. 8,566,435 shares of the company were exchanged, compared to its average volume of 8,547,586. The firm has a 50 day simple moving average of $42.35 and a 200-day simple moving average of $40.64. U.S. Bancorp has a 52 week low of $28.53 and a 52 week high of $45.85. The firm has a market cap of $65.06 billion, a P/E ratio of 13.80, a PEG ratio of 2.16 and a beta of 1.05. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.89 by $0.01. The company had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.16 EPS. Research analysts forecast that U.S. Bancorp will post 3.84 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.70%. U.S. Bancorp’s dividend payout ratio is 64.90%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Royal Bank of Canada boosted their target price on shares of U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. Compass Point raised U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $46.00 to $49.00 in a research report on Friday, March 22nd. UBS Group lowered their target price on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. StockNews.com lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Finally, Barclays lowered their price objective on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $46.02.

Insider Transactions at U.S. Bancorp

In other news, EVP James L. Chosy sold 21,582 shares of the business’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 value of $895,005.54. Following the transaction, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.23% of the company’s stock.

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.