Global Assets Advisory LLC Purchases New Stake in U.S. Bancorp (NYSE:USB)

Global Assets Advisory LLC bought a new stake in shares of U.S. Bancorp (NYSE:USB) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 29,974 shares of the financial services provider’s stock, valued at approximately $1,340,000.

A number of other large investors also recently made changes to their positions in USB. CGC Financial Services LLC purchased a new stake in U.S. Bancorp in the 4th quarter worth approximately $25,000. BKM Wealth Management LLC acquired a new stake in U.S. Bancorp in the 4th quarter worth approximately $26,000. Planned Solutions Inc. acquired a new position in U.S. Bancorp during the 4th quarter worth $27,000. Naples Money Management LLC bought a new stake in U.S. Bancorp in the 4th quarter valued at $30,000. Finally, Pineridge Advisors LLC acquired a new position in U.S. Bancorp in the 4th quarter valued at approximately $41,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock opened at $39.69 on Thursday. The firm has a fifty day moving average of $40.36 and a two-hundred day moving average of $41.73. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. The stock has a market capitalization of $61.93 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 3.85 and a beta of 1.04. U.S. Bancorp has a 52 week low of $30.47 and a 52 week high of $45.85.

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

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.96 annualized dividend and a yield of 4.94%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on USB shares. JPMorgan Chase & Co. reduced their price objective on shares of U.S. Bancorp from $45.00 to $43.50 and set an “overweight” rating for the company in a report on Wednesday, May 1st. StockNews.com raised U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 14th. Jefferies Financial Group raised their target price on U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Evercore ISI upped their price target on U.S. Bancorp from $45.00 to $48.00 and gave the company an “in-line” rating in a research report on Tuesday. Finally, Oppenheimer cut their price objective 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. Fifteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has an average 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.