U.S. Bancorp (NYSE:USB) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC grew its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 77.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,907 shares of the financial services provider's stock after acquiring an additional 12,616 shares during the quarter. Apollon Wealth Management LLC's holdings in U.S. Bancorp were worth $1,383,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in USB. Natixis Advisors LLC lifted its holdings in U.S. Bancorp by 16.6% during the third quarter. Natixis Advisors LLC now owns 401,232 shares of the financial services provider's stock valued at $18,348,000 after purchasing an additional 56,990 shares in the last quarter. International Assets Investment Management LLC purchased a new position in U.S. Bancorp during the fourth quarter valued at approximately $1,018,000. M&T Bank Corp lifted its holdings in U.S. Bancorp by 2.8% during the third quarter. M&T Bank Corp now owns 846,344 shares of the financial services provider's stock valued at $38,704,000 after purchasing an additional 22,803 shares in the last quarter. Hilltop Holdings Inc. lifted its holdings in U.S. Bancorp by 184.3% during the third quarter. Hilltop Holdings Inc. now owns 70,283 shares of the financial services provider's stock valued at $3,214,000 after purchasing an additional 45,560 shares in the last quarter. Finally, Keystone Financial Planning Inc. lifted its holdings in U.S. Bancorp by 29.5% during the fourth quarter. Keystone Financial Planning Inc. now owns 72,614 shares of the financial services provider's stock valued at $3,473,000 after purchasing an additional 16,552 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on USB shares. Evercore ISI lifted their price target on shares of U.S. Bancorp from $51.00 to $54.00 and gave the company an "in-line" rating in a report on Wednesday, October 30th. Oppenheimer lifted their price target on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company an "outperform" rating in a report on Friday, January 17th. Morgan Stanley reduced their price objective on shares of U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Raymond James upgraded 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 report on Thursday, December 19th. Finally, Citigroup upgraded shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $49.00 to $65.00 in a research report on Monday, November 25th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $54.21.

U.S. Bancorp Trading Up 0.7 %

NYSE USB traded up $0.34 on Friday, hitting $47.73. 5,398,695 shares of the stock were exchanged, compared to its average volume of 9,288,100. 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 fifty day moving average price of $48.70 and a two-hundred day moving average price of $47.50. The firm has a market capitalization of $74.46 billion, a P/E ratio of 12.59, a P/E/G 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 - Get Free Report) last issued its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.01. The firm had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The business's revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 earnings per share. Research analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp's dividend payout ratio (DPR) is presently 52.77%.

Insider Buying and Selling

In related news, CEO Andrew Cecere sold 102,044 shares of the company'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 of the company's stock, valued at $58,132,431. This represents a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the completion of the sale, the insider now directly owns 209,482 shares of the company's stock, valued at approximately $9,837,274.72. This trade represents a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 219,812 shares of company stock valued at $10,385,665 over the last three months. 0.23% of the stock is owned by company insiders.

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.