6,873 Shares in U.S. Bancorp (NYSE:USB) Purchased by Blueprint Investment Partners LLC

Blueprint Investment Partners LLC purchased a new position in U.S. Bancorp (NYSE:USB - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,873 shares of the financial services provider's stock, valued at approximately $329,000.

Other hedge funds have also added to or reduced their stakes in the company. J.Safra Asset Management Corp bought a new stake in shares of U.S. Bancorp during the fourth quarter valued at approximately $26,000. Winch Advisory Services LLC raised its position in shares of U.S. Bancorp by 1,088.9% during the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock valued at $26,000 after buying an additional 490 shares in the last quarter. FPC Investment Advisory Inc. bought a new position in shares of U.S. Bancorp in the 4th quarter valued at about $28,000. Global Wealth Strategies & Associates increased its stake in U.S. Bancorp by 70.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider's stock worth $29,000 after acquiring an additional 250 shares during the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in U.S. Bancorp during the 4th quarter valued at $30,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Stock Down 1.1 %

NYSE:USB traded down $0.46 during trading hours on Thursday, hitting $43.31. 2,575,851 shares of the company's stock traded hands, compared to its average volume of 10,703,157. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98. The stock's fifty day moving average price is $45.96 and its two-hundred day moving average price is $47.60. The firm has a market cap of $67.47 billion, a P/E ratio of 11.44, a P/E/G ratio of 1.73 and a beta of 1.02.

Remove Ads

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping analysts' consensus estimates 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 company's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company earned $0.99 EPS. On average, research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.62%. The ex-dividend date is Monday, March 31st. U.S. Bancorp's dividend payout ratio (DPR) is 52.77%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Oppenheimer lifted their target price on U.S. Bancorp from $62.00 to $63.00 and gave the company an "outperform" rating in a research note on Friday, January 17th. The Goldman Sachs Group lowered their price target on U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. DA Davidson upgraded U.S. Bancorp from a "neutral" rating to a "buy" rating and upped their target price for the company from $58.00 to $60.00 in a research report on Thursday, January 2nd. Bank of America decreased their price objective on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a research note on Monday, March 17th. Finally, Compass Point raised their target price on shares of U.S. Bancorp from $49.00 to $60.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.48.

Insiders Place Their Bets

In related news, CEO Andrew Cecere sold 102,044 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total value of $4,821,579.00. Following the completion of the sale, the chief executive officer now directly owns 1,230,316 shares in the company, valued at approximately $58,132,431. This trade represents a 7.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP James L. Chosy sold 21,451 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $47.65, for a total value of $1,022,140.15. Following the transaction, the executive vice president now directly owns 198,127 shares in the company, valued at approximately $9,440,751.55. This trade represents a 9.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 219,812 shares of company stock worth $10,385,665. Corporate insiders own 0.23% of the company's stock.

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.