U.S. Bancorp (NYSE:USB) Shares Purchased by Lindbrook Capital LLC

Lindbrook Capital LLC lifted its stake in U.S. Bancorp (NYSE:USB) by 86.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,582 shares of the financial services provider’s stock after purchasing an additional 3,052 shares during the quarter. Lindbrook Capital LLC’s holdings in U.S. Bancorp were worth $285,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CGC Financial Services LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $25,000. BKM Wealth Management LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $26,000. Planned Solutions Inc. acquired a new stake in U.S. Bancorp during the fourth quarter worth $27,000. Naples Money Management LLC acquired a new stake in U.S. Bancorp during the fourth quarter worth $30,000. Finally, Legacy Financial Group LLC acquired a new stake in U.S. Bancorp during the third quarter worth $30,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on USB. Evercore ISI raised their target price on U.S. Bancorp from $46.00 to $48.00 and gave the stock an “in-line” rating in a research note on Thursday, March 28th. TheStreet raised U.S. Bancorp from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. Morgan Stanley raised their target price on U.S. Bancorp from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. Jefferies Financial Group lifted their price objective on U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Finally, Wells Fargo & Company dropped their price objective on U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $46.14.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the sale, the insider now directly owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the sale, the insider now directly owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

U.S. Bancorp Stock Up 1.5 %

Shares of NYSE USB opened at $41.05 on Tuesday. The stock has a market cap of $63.96 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 2.10 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07. U.S. Bancorp has a 52-week low of $27.27 and a 52-week high of $45.85. The business has a 50-day moving average price of $42.32 and a 200 day moving average price of $39.96.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The firm had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The business’s revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.16 EPS. Equities research analysts forecast that U.S. Bancorp will post 3.86 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.77%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

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.