RWA Wealth Partners LLC Purchases New Position in U.S. Bancorp (NYSE:USB)

RWA Wealth Partners LLC acquired a new position in shares of U.S. Bancorp (NYSE:USB) in the 4th quarter, Holdings Channel reports. The fund acquired 9,546 shares of the financial services provider’s stock, valued at approximately $413,000.

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

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $40.99 on Friday. The company has a market cap of $63.87 billion, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05. U.S. Bancorp has a one year low of $27.27 and a one year high of $45.85. The business has a fifty day moving average of $42.35 and a two-hundred day moving average of $40.04. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter last year, the business earned $1.16 earnings per share. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, analysts predict that U.S. Bancorp will post 3.86 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.78%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is 64.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on USB shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $45.00 price objective (down previously from $52.00) on shares of U.S. Bancorp in a research note on Thursday, April 18th. Wells Fargo & Company decreased 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. HSBC upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their price objective for the company from $47.00 to $53.00 in a research note on Thursday, March 28th. Barclays reduced their target price on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Finally, UBS Group dropped their price target on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, U.S. Bancorp presently has a consensus rating of “Hold” and an average target price of $46.14.

Insider Buying and Selling

In related news, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the transaction, the insider now directly owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP James L. Chosy sold 21,582 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the sale, the executive vice president now directly owns 164,880 shares in the company, valued at $6,837,573.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total value of $1,152,904.71. Following the transaction, the insider now owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

U.S. Bancorp 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.