652 Shares in U.S. Bancorp (NYSE:USB) Purchased by Millstone Evans Group LLC

Millstone Evans Group LLC acquired a new stake in U.S. Bancorp (NYSE:USB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 652 shares of the financial services provider’s stock, valued at approximately $31,000.

A number of other hedge funds also recently made changes to their positions in the business. Washington Trust Bank boosted its position in U.S. Bancorp by 0.4% during the fourth quarter. Washington Trust Bank now owns 168,436 shares of the financial services provider’s stock worth $8,056,000 after purchasing an additional 599 shares during the period. Wayfinding Financial LLC bought a new stake in shares of U.S. Bancorp during the 4th quarter worth about $234,000. Kiker Wealth Management LLC acquired a new position in U.S. Bancorp in the 4th quarter valued at about $509,000. HUB Investment Partners LLC bought a new position in U.S. Bancorp in the 4th quarter valued at about $234,000. Finally, Symmetry Partners LLC acquired a new stake in U.S. Bancorp during the fourth quarter worth approximately $239,000. 77.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on USB. The Goldman Sachs Group decreased their target price on U.S. Bancorp from $51.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. DA Davidson upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $58.00 to $60.00 in a research report on Thursday, January 2nd. Bank of America reduced their target price on shares of U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Monday, March 17th. Compass Point raised their price target on shares of U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Morgan Stanley cut their price objective on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.48.

Insider Buying and Selling at U.S. Bancorp

In related news, insider Terrance R. Dolan sold 66,317 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total value of $3,114,246.32. Following the completion of the sale, the insider now directly owns 209,482 shares in the company, valued at $9,837,274.72. This represents a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew Cecere sold 102,044 shares of U.S. Bancorp stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total value of $4,821,579.00. Following the transaction, the chief executive officer now directly owns 1,230,316 shares in the company, valued at $58,132,431. The trade was a 7.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 219,812 shares of company stock worth $10,385,665. 0.23% of the stock is currently owned by company insiders.

U.S. Bancorp Stock Performance

NYSE USB opened at $43.81 on Tuesday. U.S. Bancorp has a fifty-two week low of $37.81 and a fifty-two week high of $53.98. The stock has a market cap of $68.25 billion, a PE ratio of 11.56, a PEG ratio of 1.73 and a beta of 1.02. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The firm’s fifty day moving average price is $46.21 and its two-hundred day moving average price is $47.63.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.99 EPS. On average, equities analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend is Monday, March 31st. U.S. Bancorp’s payout ratio is 52.77%.

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.