Tyche Wealth Partners LLC Takes Position in U.S. Bancorp (NYSE:USB)

Tyche Wealth Partners LLC acquired a new stake in shares of U.S. Bancorp (NYSE:USB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,817 shares of the financial services provider’s stock, valued at approximately $728,000.

Several other hedge funds have also recently modified their holdings of USB. CGC Financial Services LLC purchased a new stake in U.S. Bancorp in the fourth quarter valued at approximately $25,000. BKM Wealth Management LLC purchased a new stake in U.S. Bancorp in the 4th quarter worth approximately $26,000. Planned Solutions Inc. purchased a new stake in U.S. Bancorp in the 4th quarter worth approximately $27,000. Legacy Financial Group LLC purchased a new stake in U.S. Bancorp in the 3rd quarter worth approximately $30,000. Finally, Compass Wealth Management LLC purchased a new stake in U.S. Bancorp in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Barclays upped their price objective on U.S. Bancorp from $48.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. The Goldman Sachs Group upped their target price on U.S. Bancorp from $37.00 to $42.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 19th. HSBC raised U.S. Bancorp from a “hold” rating to a “buy” rating and upped their target price for the stock from $47.00 to $53.00 in a research note on Thursday, March 28th. Morgan Stanley upped their target price on U.S. Bancorp from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. Finally, StockNews.com downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $47.41.

Insider Activity at U.S. Bancorp

In other news, insider Timothy A. Welsh sold 12,100 shares of U.S. Bancorp stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $40.33, for a total value of $487,993.00. Following the completion of the transaction, the insider now owns 106,958 shares in the company, valued at approximately $4,313,616.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Timothy A. Welsh sold 12,100 shares of U.S. Bancorp stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $40.33, for a total value of $487,993.00. Following the completion of the transaction, the insider now owns 106,958 shares in the company, valued at approximately $4,313,616.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total value of $1,152,904.71. Following the completion of the transaction, the insider now owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The disclosure for this sale can be found here. Insiders sold 60,265 shares of company stock worth $2,535,903 in the last three months. 0.23% of the stock is owned by company insiders.

U.S. Bancorp Trading Down 1.1 %

Shares of NYSE USB traded down $0.45 during mid-day trading on Wednesday, reaching $40.99. 9,544,929 shares of the company’s stock were exchanged, compared to its average volume of 6,314,126. The firm has a market capitalization of $63.87 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 2.14 and a beta of 1.05. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.81 and a current ratio of 0.81. U.S. Bancorp has a 52-week low of $27.27 and a 52-week high of $45.85. The company’s 50-day moving average is $42.34 and its 200-day moving average is $39.72.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.28. The business had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $6.85 billion. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.20 EPS. Analysts expect that U.S. Bancorp will post 3.87 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is 59.76%.

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.