Tritonpoint Wealth LLC Has $236,000 Position in U.S. Bancorp (NYSE:USB)

Tritonpoint Wealth LLC raised its stake in U.S. Bancorp (NYSE:USB) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,891 shares of the financial services provider’s stock after buying an additional 230 shares during the quarter. Tritonpoint Wealth LLC’s holdings in U.S. Bancorp were worth $236,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Tokio Marine Asset Management Co. Ltd. boosted its position in U.S. Bancorp by 3.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 45,565 shares of the financial services provider’s stock valued at $2,179,000 after purchasing an additional 1,659 shares during the last quarter. Coerente Capital Management raised its stake in shares of U.S. Bancorp by 1.4% during the 4th quarter. Coerente Capital Management now owns 411,665 shares of the financial services provider’s stock worth $19,690,000 after purchasing an additional 5,820 shares in the last quarter. Western Financial Corp CA lifted its holdings in shares of U.S. Bancorp by 19.3% during the 4th quarter. Western Financial Corp CA now owns 10,259 shares of the financial services provider’s stock valued at $491,000 after buying an additional 1,657 shares during the last quarter. Everett Harris & Co. CA grew its stake in shares of U.S. Bancorp by 2.8% in the 4th quarter. Everett Harris & Co. CA now owns 26,596 shares of the financial services provider’s stock valued at $1,272,000 after buying an additional 719 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in U.S. Bancorp in the fourth quarter worth approximately $84,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Down 0.3 %

NYSE USB opened at $47.84 on Monday. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98. The stock has a market cap of $74.63 billion, a PE ratio of 12.62, a PEG ratio of 1.77 and a beta of 1.05. The firm has a 50-day simple moving average of $49.71 and a 200 day simple moving average of $47.37. 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 (NYSE:USB) 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 forecast that U.S. Bancorp will post 4.37 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.18%. U.S. Bancorp’s payout ratio is currently 52.77%.

Wall Street Analysts Forecast Growth

Several research firms have commented on USB. Citigroup raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $49.00 to $65.00 in a research report on Monday, November 25th. Compass Point upped their price objective 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. Morgan Stanley reduced their price target 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. Wells Fargo & Company increased their price objective on U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Stephens boosted their target price on U.S. Bancorp from $49.00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, U.S. Bancorp currently has an average rating of “Moderate Buy” and an average target price of $54.21.

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.