Mosaic Family Wealth Partners LLC Buys 264 Shares of U.S. Bancorp (NYSE:USB)

Mosaic Family Wealth Partners LLC lifted its stake in shares of U.S. Bancorp (NYSE:USB) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,487 shares of the financial services provider’s stock after acquiring an additional 264 shares during the quarter. Mosaic Family Wealth Partners LLC’s holdings in U.S. Bancorp were worth $871,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in USB. Norges Bank bought a new stake in shares of U.S. Bancorp during the 4th quarter worth about $827,370,000. Boston Partners acquired a new stake in U.S. Bancorp in the 4th quarter valued at approximately $154,517,000. Charles Schwab Investment Management Inc. grew its holdings in U.S. Bancorp by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 33,719,110 shares of the financial services provider’s stock valued at $1,459,363,000 after buying an additional 2,598,163 shares during the last quarter. Confluence Investment Management LLC acquired a new stake in U.S. Bancorp in the 1st quarter valued at approximately $92,192,000. Finally, BNP Paribas Financial Markets grew its holdings in U.S. Bancorp by 88.9% in the 1st quarter. BNP Paribas Financial Markets now owns 2,331,050 shares of the financial services provider’s stock valued at $104,198,000 after buying an additional 1,097,179 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

USB stock traded down $1.13 during midday trading on Friday, reaching $42.35. 8,485,453 shares of the company’s stock traded hands, compared to its average volume of 9,838,976. The company has a 50-day simple moving average of $41.10 and a two-hundred day simple moving average of $41.59. U.S. Bancorp has a 1-year low of $30.47 and a 1-year high of $45.88. The company has a market cap of $66.09 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 4.20 and a beta of 1.04. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.05.

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

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $0.49 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.96 annualized dividend and a dividend yield of 4.63%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 64.90%.

Insider Activity

In related news, Director Aleem Gillani acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The stock was acquired at an average cost of $44.99 per share, with a total value of $449,900.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $449,900. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

USB has been the topic of a number of research analyst reports. Citigroup raised their target price on U.S. Bancorp from $45.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Oppenheimer lowered their target price on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. Morgan Stanley raised their target price on U.S. Bancorp from $47.00 to $54.00 and gave the company an “equal weight” rating in a report on Tuesday. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $45.00 price objective (down previously from $52.00) on shares of U.S. Bancorp in a research report on Thursday, April 18th. Finally, DA Davidson raised their price objective on U.S. Bancorp from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $48.23.

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.