Integrated Wealth Concepts LLC Acquires 58,450 Shares of U.S. Bancorp (NYSE:USB)

Integrated Wealth Concepts LLC raised its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 183.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,367 shares of the financial services provider's stock after acquiring an additional 58,450 shares during the period. Integrated Wealth Concepts LLC's holdings in U.S. Bancorp were worth $4,322,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Morse Asset Management Inc bought a new stake in shares of U.S. Bancorp in the third quarter valued at approximately $229,000. Wealthquest Corp acquired a new position in U.S. Bancorp during the 3rd quarter valued at $1,160,000. Pine Valley Investments Ltd Liability Co bought a new stake in U.S. Bancorp in the 3rd quarter valued at $229,000. World Investment Advisors LLC grew its position in U.S. Bancorp by 6.0% in the 3rd quarter. World Investment Advisors LLC now owns 52,619 shares of the financial services provider's stock worth $2,406,000 after purchasing an additional 2,988 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its holdings in shares of U.S. Bancorp by 126.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 44,819 shares of the financial services provider's stock worth $2,050,000 after purchasing an additional 24,992 shares during the period. Institutional investors own 77.60% of the company's stock.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, EVP James L. Chosy sold 21,451 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total value of $1,022,140.15. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew Cecere sold 102,044 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the completion of the transaction, the chief executive officer now directly owns 1,230,316 shares of the company's stock, valued at $58,132,431. This trade represents a 7.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 219,812 shares of company stock worth $10,385,665. 0.23% of the stock is owned by insiders.

U.S. Bancorp Trading Up 0.8 %

U.S. Bancorp stock traded up $0.31 during trading hours on Tuesday, reaching $40.49. 8,389,964 shares of the company's stock traded hands, compared to its average volume of 9,080,282. The firm has a market capitalization of $63.08 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 1.73 and a beta of 0.91. 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 fifty-two week low of $35.18 and a fifty-two week high of $53.98. The firm's 50 day moving average is $41.57 and its 200-day moving average is $46.57.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same period in the prior year, the business posted $0.78 earnings per share. On average, analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.50 per share. The ex-dividend date was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.94%. U.S. Bancorp's dividend payout ratio (DPR) is presently 49.50%.

Analysts Set New Price Targets

USB has been the subject of several research reports. Wolfe Research upgraded shares of U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price for the company in a research note on Thursday, April 3rd. Morgan Stanley reduced their price objective on U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. DA Davidson lowered their price objective on U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $43.50 target price (down previously from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. Finally, The Goldman Sachs Group lowered their price target on U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $50.48.

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.