Arkadios Wealth Advisors Acquires 12,165 Shares of U.S. Bancorp (NYSE:USB)

Arkadios Wealth Advisors grew its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 13.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,112 shares of the financial services provider's stock after buying an additional 12,165 shares during the period. Arkadios Wealth Advisors' holdings in U.S. Bancorp were worth $4,980,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of USB. Brooklyn Investment Group grew its holdings in U.S. Bancorp by 4.4% during the third quarter. Brooklyn Investment Group now owns 4,792 shares of the financial services provider's stock valued at $219,000 after purchasing an additional 201 shares during the period. McAdam LLC boosted its position in shares of U.S. Bancorp by 2.5% during the third quarter. McAdam LLC now owns 8,503 shares of the financial services provider's stock worth $389,000 after purchasing an additional 209 shares in the last quarter. HCR Wealth Advisors grew its holdings in shares of U.S. Bancorp by 1.1% in the 4th quarter. HCR Wealth Advisors now owns 20,107 shares of the financial services provider's stock valued at $962,000 after buying an additional 211 shares during the period. Essex Savings Bank increased its position in shares of U.S. Bancorp by 1.8% in the 4th quarter. Essex Savings Bank now owns 12,350 shares of the financial services provider's stock valued at $591,000 after buying an additional 216 shares in the last quarter. Finally, First Financial Bank Trust Division raised its stake in U.S. Bancorp by 0.7% during the 4th quarter. First Financial Bank Trust Division now owns 31,037 shares of the financial services provider's stock worth $1,485,000 after buying an additional 224 shares during the period. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on USB. Robert W. Baird set a $54.00 target price on U.S. Bancorp in a research note on Thursday, October 17th. Wells Fargo & Company boosted their price objective on U.S. Bancorp from $60.00 to $62.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Morgan Stanley dropped their target price on shares of U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating on the stock in a report on Friday. DA Davidson upgraded shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and upped their price target for the company from $58.00 to $60.00 in a report on Thursday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of U.S. Bancorp from a "buy" rating to a "hold" rating and set a $51.00 price objective on the stock. in a report on Thursday, October 24th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, U.S. Bancorp presently has an average rating of "Moderate Buy" and a consensus target price of $54.21.

U.S. Bancorp Stock Up 0.8 %

USB stock traded up $0.37 during mid-day trading on Friday, reaching $48.40. The company had a trading volume of 14,819,489 shares, compared to its average volume of 5,864,763. The company has a market capitalization of $75.50 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 2.47 and a beta of 1.05. U.S. Bancorp has a 52 week low of $37.81 and a 52 week high of $53.98. The stock has a 50 day simple moving average of $50.18 and a two-hundred day simple moving average of $46.83. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.81.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a net margin of 12.92% and a return on equity of 12.91%. The business had revenue of $7.01 billion during the quarter, compared to analysts' expectations of $7 billion. During the same period last year, the business earned $0.99 earnings per share. The firm's revenue was up 3.7% on a year-over-year basis. As a group, equities analysts predict that U.S. Bancorp will post 3.91 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 4.13%. U.S. Bancorp's dividend payout ratio is presently 61.16%.

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.