R.H. Investment Group LLC Invests $3.87 Million in U.S. Bancorp (NYSE:USB)

R.H. Investment Group LLC purchased a new stake in shares of U.S. Bancorp (NYSE:USB) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 80,954 shares of the financial services provider’s stock, valued at approximately $3,872,000. U.S. Bancorp makes up approximately 3.6% of R.H. Investment Group LLC’s investment portfolio, making the stock its 14th biggest position.

Several other institutional investors also recently modified their holdings of USB. SeaCrest Wealth Management LLC lifted its stake in U.S. Bancorp by 5.8% during the 4th quarter. SeaCrest Wealth Management LLC now owns 12,182 shares of the financial services provider’s stock valued at $583,000 after acquiring an additional 668 shares during the period. Accurate Wealth Management LLC grew its stake in shares of U.S. Bancorp by 7.1% in the fourth quarter. Accurate Wealth Management LLC now owns 9,932 shares of the financial services provider’s stock worth $471,000 after acquiring an additional 662 shares during the period. Quantum Financial Advisors LLC purchased a new position in shares of U.S. Bancorp during the fourth quarter valued at approximately $201,000. Wallace Advisory Group LLC lifted its position in U.S. Bancorp by 4.8% during the fourth quarter. Wallace Advisory Group LLC now owns 13,432 shares of the financial services provider’s stock valued at $614,000 after purchasing an additional 618 shares during the period. Finally, Tealwood Asset Management Inc. boosted its holdings in U.S. Bancorp by 1.2% in the fourth quarter. Tealwood Asset Management Inc. now owns 61,316 shares of the financial services provider’s stock worth $2,933,000 after purchasing an additional 718 shares during the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of the business’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $49.03, for a total value of $1,225,750.00. Following the sale, the insider now owns 129,790 shares in the company, valued at $6,363,603.70. The trade was a 16.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is owned by company insiders.

U.S. Bancorp Trading Up 1.4 %

Shares of U.S. Bancorp stock opened at $49.08 on Wednesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.81. The company has a fifty day moving average of $50.25 and a 200 day moving average of $46.68. The company has a market capitalization of $76.57 billion, a P/E ratio of 15.01, a P/E/G ratio of 3.01 and a beta of 1.05. U.S. Bancorp has a fifty-two week low of $37.81 and a fifty-two week high of $53.98.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, October 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.04. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The firm had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.90 billion. During the same quarter last year, the business posted $1.05 earnings per share. The firm’s revenue was down 2.4% on a year-over-year basis. On average, sell-side analysts anticipate that U.S. Bancorp will post 3.93 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 61.16%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on USB. Deutsche Bank Aktiengesellschaft lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 target price for the company. in a research note on Thursday, October 24th. Robert W. Baird set a $54.00 price objective on U.S. Bancorp in a research report on Thursday, October 17th. Stephens raised their target price on U.S. Bancorp from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Royal Bank of Canada set a $53.00 price target on shares of U.S. Bancorp in a research report on Thursday, October 17th. Finally, Evercore ISI raised their price objective on shares of U.S. Bancorp from $51.00 to $54.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $54.07.

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.