NTV Asset Management LLC Invests $258,000 in U.S. Bancorp (NYSE:USB)

NTV Asset Management LLC bought a new stake in U.S. Bancorp (NYSE:USB) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,957 shares of the financial services provider’s stock, valued at approximately $258,000.

A number of other institutional investors have also recently bought and sold shares of USB. Avidian Wealth Solutions LLC grew its position in U.S. Bancorp by 26.1% during the fourth quarter. Avidian Wealth Solutions LLC now owns 10,105 shares of the financial services provider’s stock valued at $437,000 after acquiring an additional 2,089 shares during the period. Alan B Lancz & Associates Inc. purchased a new stake in U.S. Bancorp during the fourth quarter worth approximately $206,000. AJOVista LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter worth $186,000. Axxcess Wealth Management LLC increased its position in shares of U.S. Bancorp by 36.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 20,563 shares of the financial services provider’s stock worth $890,000 after acquiring an additional 5,544 shares in the last quarter. Finally, Merit Financial Group LLC raised its stake in shares of U.S. Bancorp by 18.6% in the 4th quarter. Merit Financial Group LLC now owns 22,311 shares of the financial services provider’s stock valued at $966,000 after acquiring an additional 3,504 shares during the period. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

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 dated Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the transaction, the executive vice president now owns 164,880 shares in the company, valued at approximately $6,837,573.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on USB. Morgan Stanley increased their price target on U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. HSBC upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and raised their target price for the company from $47.00 to $53.00 in a report on Thursday, March 28th. Oppenheimer decreased their price target on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a report on Thursday, April 18th. UBS Group dropped their price objective on shares of U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Finally, StockNews.com lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $46.02.

U.S. Bancorp Stock Performance

USB traded up $0.44 on Friday, hitting $41.41. 5,091,249 shares of the company’s stock were exchanged, compared to its average volume of 7,675,372. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. The stock has a fifty day moving average of $42.32 and a two-hundred day moving average of $40.50. U.S. Bancorp has a twelve month low of $27.27 and a twelve month high of $45.85. The firm has a market cap of $64.62 billion, a PE ratio of 13.71, a P/E/G 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The business had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the prior year, the firm earned $1.16 EPS. The business’s quarterly revenue was down 6.4% on a year-over-year basis. On average, research analysts anticipate that U.S. Bancorp will post 3.84 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.73%. The ex-dividend date of this dividend was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is 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.