Pathway Financial Advisers LLC Buys 392 Shares of U.S. Bancorp (NYSE:USB)

Pathway Financial Advisers LLC grew its position in U.S. Bancorp (NYSE:USB) by 1.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 24,709 shares of the financial services provider’s stock after buying an additional 392 shares during the period. Pathway Financial Advisers LLC’s holdings in U.S. Bancorp were worth $1,182,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp lifted its position in U.S. Bancorp by 3.4% during the 4th quarter. Van ECK Associates Corp now owns 10,183,593 shares of the financial services provider’s stock valued at $487,081,000 after purchasing an additional 331,580 shares during the period. Avidian Wealth Enterprises LLC raised its stake in shares of U.S. Bancorp by 19.4% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 9,968 shares of the financial services provider’s stock worth $477,000 after buying an additional 1,619 shares during the last quarter. Kentucky Trust Co bought a new stake in shares of U.S. Bancorp during the fourth quarter worth approximately $7,529,000. Signet Investment Advisory Group Inc. boosted its stake in U.S. Bancorp by 5.2% in the fourth quarter. Signet Investment Advisory Group Inc. now owns 85,041 shares of the financial services provider’s stock valued at $4,067,000 after acquiring an additional 4,167 shares during the last quarter. Finally, Cardinal Strategic Wealth Guidance acquired a new stake in U.S. Bancorp during the 4th quarter worth $221,000. Institutional investors own 77.60% of the company’s stock.

Insider Activity

In other news, insider Jodi L. Richard sold 30,000 shares of U.S. Bancorp stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $47.59, for a total transaction of $1,427,700.00. Following the completion of the transaction, the insider now directly owns 99,790 shares in the company, valued at approximately $4,749,006.10. The trade was a 23.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Terrance R. Dolan sold 66,317 shares of the stock in a transaction on Monday, February 3rd. The shares were 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 owns 209,482 shares in the company, valued at approximately $9,837,274.72. This trade represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 219,812 shares of company stock valued at $10,385,665. 0.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on USB shares. Wells Fargo & Company increased their price target on U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Evercore ISI boosted their target price on U.S. Bancorp from $51.00 to $54.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Oppenheimer lifted their price objective on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 target price for the company. in a research note on Thursday, October 24th. Finally, Morgan Stanley decreased their price target 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 research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, U.S. Bancorp currently has an average rating of “Moderate Buy” and a consensus price target of $54.21.

U.S. Bancorp Stock Performance

Shares of NYSE USB opened at $47.52 on Thursday. 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 stock has a 50 day moving average price of $48.80 and a 200 day moving average price of $47.50. The stock has a market capitalization of $74.13 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 1.77 and a beta of 1.04. U.S. Bancorp has a 52 week low of $37.81 and a 52 week high of $53.98.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, beating the consensus estimate of $1.06 by $0.01. The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm’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 posted $0.99 EPS. Analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.21%. U.S. Bancorp’s dividend payout ratio is presently 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.