EP Wealth Advisors LLC Buys 4,068 Shares of U.S. Bancorp (NYSE:USB)

EP Wealth Advisors LLC boosted its holdings in U.S. Bancorp (NYSE:USB) by 6.8% in the first quarter, Holdings Channel reports. The institutional investor owned 63,583 shares of the financial services provider’s stock after acquiring an additional 4,068 shares during the quarter. EP Wealth Advisors LLC’s holdings in U.S. Bancorp were worth $2,842,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of USB. BKM Wealth Management LLC purchased a new position in shares of U.S. Bancorp during the 4th quarter valued at $26,000. Planned Solutions Inc. purchased a new position in shares of U.S. Bancorp during the 4th quarter valued at $27,000. Financial Synergies Wealth Advisors Inc. purchased a new position in shares of U.S. Bancorp during the 1st quarter valued at $30,000. Eagle Bay Advisors LLC grew its position in shares of U.S. Bancorp by 93.2% during the 1st quarter. Eagle Bay Advisors LLC now owns 686 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 331 shares in the last quarter. Finally, Naples Money Management LLC purchased a new position in shares of 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.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of U.S. Bancorp from $45.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. UBS Group lifted their price objective on shares of U.S. Bancorp from $43.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. Royal Bank of Canada lifted their price objective on shares of U.S. Bancorp from $47.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. Morgan Stanley reaffirmed an “equal weight” rating and set a $45.00 price objective on shares of U.S. Bancorp in a report on Friday, June 21st. Finally, JPMorgan Chase & Co. downgraded shares of U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 price target for the company. in a research note on Thursday, June 27th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $47.76.

U.S. Bancorp Trading Up 0.8 %

USB stock traded up $0.37 during trading on Friday, reaching $45.46. The company had a trading volume of 5,559,206 shares, compared to its average volume of 8,581,561. U.S. Bancorp has a 52 week low of $30.47 and a 52 week high of $45.85. The company has a market cap of $70.94 billion, a P/E ratio of 15.02, a PEG ratio of 3.98 and a beta of 1.04. The business has a 50 day moving average of $40.65 and a 200 day moving average of $41.53. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.81 and a quick ratio of 0.80.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.04. U.S. Bancorp had a net margin of 12.55% and a return on equity of 13.34%. The company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same period in the prior year, the firm earned $1.12 earnings per share. U.S. Bancorp’s revenue was down 4.3% on a year-over-year basis. As a group, sell-side analysts forecast that U.S. Bancorp will post 3.9 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date was Friday, June 28th. U.S. Bancorp’s dividend payout ratio is 64.90%.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani bought 10,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was acquired at an average price of $44.99 per share, with a total value of $449,900.00. Following the completion of the purchase, the director now owns 10,000 shares of the company’s stock, valued at $449,900. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.23% of the company’s stock.

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.