U.S. Bancorp (NYSE:USB) Shares Bought by Western Financial Corp CA

Western Financial Corp CA grew its position in U.S. Bancorp (NYSE:USB) by 8.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,147 shares of the financial services provider’s stock after buying an additional 888 shares during the period. Western Financial Corp CA’s holdings in U.S. Bancorp were worth $471,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. J.Safra Asset Management Corp acquired a new stake in U.S. Bancorp during the fourth quarter worth $26,000. Picton Mahoney Asset Management purchased a new position in shares of U.S. Bancorp during the 4th quarter worth $30,000. Alpine Bank Wealth Management acquired a new stake in shares of U.S. Bancorp during the 1st quarter worth about $30,000. Millstone Evans Group LLC purchased a new stake in U.S. Bancorp in the 4th quarter valued at about $31,000. Finally, REAP Financial Group LLC lifted its position in U.S. Bancorp by 86.1% in the fourth quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider’s stock valued at $31,000 after buying an additional 297 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $44.84 on Thursday. The company has a market cap of $69.86 billion, a P/E ratio of 11.10, a PEG ratio of 1.68 and a beta of 0.99. The firm has a fifty day moving average price of $42.63 and a 200 day moving average price of $44.62. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the previous year, the business earned $0.78 EPS. Sell-side analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 4.46%. U.S. Bancorp’s dividend payout ratio is presently 49.50%.

Insider Activity

In related news, Director Aleem Gillani purchased 5,000 shares of U.S. Bancorp stock in a transaction that occurred on Monday, April 21st. The stock was purchased at an average cost of $37.32 per share, with a total value of $186,600.00. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $559,800. The trade was a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wolfe Research raised shares of U.S. Bancorp from a “peer perform” rating to an “outperform” rating and set a $49.00 price target on the stock in a research note on Thursday, April 3rd. Barclays decreased their price target on U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Raymond James Financial reaffirmed an “outperform” rating and issued a $51.00 price objective (down from $57.00) on shares of U.S. Bancorp in a research note on Thursday, April 17th. TD Cowen started coverage on U.S. Bancorp in a report on Thursday, May 15th. They issued a “buy” rating and a $60.00 price objective on the stock. Finally, Citigroup lowered their target price on U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating for the company in a report on Monday, March 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.72.

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.