Financial Synergies Wealth Advisors Inc. Makes New $30,000 Investment in U.S. Bancorp (NYSE:USB)

Financial Synergies Wealth Advisors Inc. purchased a new position in shares of U.S. Bancorp (NYSE:USB) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 671 shares of the financial services provider’s stock, valued at approximately $30,000.

Other hedge funds have also recently modified their holdings of the company. CGC Financial Services LLC acquired a new position in shares of U.S. Bancorp during the 4th quarter worth about $25,000. BKM Wealth Management LLC acquired a new position in shares of U.S. Bancorp during the 4th quarter worth about $26,000. Planned Solutions Inc. acquired a new stake in U.S. Bancorp in the 4th quarter valued at about $27,000. Naples Money Management LLC acquired a new stake in U.S. Bancorp in the 4th quarter valued at about $30,000. Finally, Pineridge Advisors LLC acquired a new stake in U.S. Bancorp in the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $40.55 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07. U.S. Bancorp has a 52 week low of $30.47 and a 52 week high of $45.85. The stock has a market capitalization of $63.28 billion, a PE ratio of 13.43, a P/E/G ratio of 3.82 and a beta of 1.05. The firm has a 50 day moving average of $40.38 and a two-hundred day moving average of $41.73.

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

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.96 annualized dividend and a yield of 4.83%. U.S. Bancorp’s dividend payout ratio is currently 64.90%.

Analyst Ratings Changes

USB has been the subject of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $47.00 price objective on shares of U.S. Bancorp in a report on Thursday, May 16th. Jefferies Financial Group increased their price objective on shares of U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a report on Monday, April 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $45.00 price objective on shares of U.S. Bancorp in a report on Friday. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $45.00 price target (down previously from $52.00) on shares of U.S. Bancorp in a research note on Thursday, April 18th. Finally, Wells Fargo & Company dropped their price target on shares of U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Fifteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company 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.