Live Oak Investment Partners Buys 1,469 Shares of U.S. Bancorp (NYSE:USB)

Live Oak Investment Partners increased its stake in U.S. Bancorp (NYSE:USB) by 10.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,731 shares of the financial services provider’s stock after purchasing an additional 1,469 shares during the quarter. Live Oak Investment Partners’ holdings in U.S. Bancorp were worth $664,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Covestor Ltd lifted its holdings in U.S. Bancorp by 12.3% in the fourth quarter. Covestor Ltd now owns 1,955 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 214 shares during the period. TrinityPoint Wealth LLC lifted its holdings in U.S. Bancorp by 2.3% in the fourth quarter. TrinityPoint Wealth LLC now owns 10,355 shares of the financial services provider’s stock valued at $495,000 after acquiring an additional 231 shares during the period. CoreCap Advisors LLC lifted its holdings in U.S. Bancorp by 36.6% in the fourth quarter. CoreCap Advisors LLC now owns 904 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 242 shares during the period. Rothschild Investment LLC lifted its holdings in U.S. Bancorp by 2.5% in the fourth quarter. Rothschild Investment LLC now owns 11,231 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 273 shares during the period. Finally, First Command Advisory Services Inc. increased its position in U.S. Bancorp by 17.5% in the fourth quarter. First Command Advisory Services Inc. now owns 1,858 shares of the financial services provider’s stock worth $89,000 after buying an additional 277 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. TD Cowen assumed coverage on U.S. Bancorp in a research report on Thursday, May 15th. They issued a “buy” rating and a $60.00 price target for the company. Wolfe Research upgraded U.S. Bancorp from a “peer perform” rating to an “outperform” rating and set a $49.00 price target for the company in a research report on Thursday, April 3rd. The Goldman Sachs Group upped their price target on U.S. Bancorp from $41.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 10th. DA Davidson reduced their price target on U.S. Bancorp from $54.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Finally, Royal Bank Of Canada reduced their price target on U.S. Bancorp from $57.00 to $50.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $50.72.

Insider Activity at U.S. Bancorp

In related news, Director Aleem Gillani acquired 5,000 shares of the stock in a transaction dated Monday, April 21st. The stock was acquired at an average cost of $37.32 per share, with a total value of $186,600.00. Following the purchase, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $559,800. This trade represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock opened at $44.54 on Wednesday. The stock has a 50 day moving average of $42.49 and a 200 day moving average of $44.62. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The firm has a market cap of $69.39 billion, a PE ratio of 11.02, a PEG ratio of 1.66 and a beta of 1.00. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.06. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. The company had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same period in the prior year, the company earned $0.78 earnings per share. On average, research analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date is Monday, June 30th. U.S. Bancorp’s payout ratio is presently 49.50%.

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.