Kiker Wealth Management LLC Acquires Shares of 10,643 U.S. Bancorp (NYSE:USB)

Kiker Wealth Management LLC purchased a new stake in shares of U.S. Bancorp (NYSE:USB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,643 shares of the financial services provider's stock, valued at approximately $509,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. J.Safra Asset Management Corp purchased a new position in shares of U.S. Bancorp during the fourth quarter valued at approximately $26,000. Winch Advisory Services LLC increased its position in 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 purchasing an additional 490 shares during the period. FPC Investment Advisory Inc. purchased a new position in U.S. Bancorp during the 4th quarter valued at $28,000. Global Wealth Strategies & Associates raised its holdings in U.S. Bancorp by 70.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider's stock worth $29,000 after purchasing an additional 250 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of U.S. Bancorp in the 4th quarter worth about $30,000. Institutional investors own 77.60% of the company's stock.

Wall Street Analyst Weigh In

USB has been the subject of several research reports. Morgan Stanley decreased their target price on U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Barclays boosted their target price on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Oppenheimer increased their price target 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. Raymond James raised shares of U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 price objective on the stock in a research note on Thursday, December 19th. Finally, Compass Point raised their target price on shares of U.S. Bancorp from $49.00 to $60.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, U.S. Bancorp currently has a consensus rating of "Moderate Buy" and an average target price of $53.48.

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U.S. Bancorp Stock Performance

Shares of USB traded down $0.06 during mid-day trading on Tuesday, hitting $43.70. 7,375,359 shares of the company traded hands, compared to its average volume of 8,056,063. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98. 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 $46.21 and a two-hundred day moving average price of $47.63. The stock has a market cap of $68.09 billion, a price-to-earnings ratio of 11.53, a P/E/G ratio of 1.73 and a beta of 1.02.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly 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 return on equity of 12.94% and a net margin of 14.75%. The firm had revenue of $7.01 billion for the quarter, compared to analysts' expectations of $7 billion. During the same period in the prior year, the firm earned $0.99 EPS. The company's revenue was up 3.7% compared to the same quarter last year. Equities analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.58%. U.S. Bancorp's dividend payout ratio is currently 52.77%.

Insider Activity

In other U.S. Bancorp news, insider Terrance R. Dolan sold 66,317 shares of U.S. Bancorp stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the transaction, the insider now owns 209,482 shares of the company's stock, valued at $9,837,274.72. The trade was a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Cecere sold 102,044 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the completion of the sale, the chief executive officer now directly owns 1,230,316 shares of the company's stock, valued at approximately $58,132,431. This trade represents a 7.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 219,812 shares of company stock valued at $10,385,665 in the last ninety days. Corporate insiders own 0.23% of the company's stock.

About U.S. Bancorp

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.