Team Hewins LLC Invests $210,000 in U.S. Bancorp (NYSE:USB)

Team Hewins LLC purchased a new stake in U.S. Bancorp (NYSE:USB) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 4,804 shares of the financial services provider’s stock, valued at approximately $210,000.

A number of other hedge funds have also bought and sold shares of USB. TCW Group Inc. boosted its holdings in shares of U.S. Bancorp by 244.4% during the 4th quarter. TCW Group Inc. now owns 34,593 shares of the financial services provider’s stock valued at $1,506,000 after acquiring an additional 24,550 shares in the last quarter. SageView Advisory Group LLC raised its holdings in U.S. Bancorp by 29.9% in the 4th quarter. SageView Advisory Group LLC now owns 47,478 shares of the financial services provider’s stock valued at $2,058,000 after buying an additional 10,938 shares during the last quarter. Allstate Corp acquired a new stake in U.S. Bancorp during the 4th quarter worth approximately $220,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in U.S. Bancorp by 1,069.5% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,532 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 1,401 shares during the last quarter. Finally, Alpha Family Trust bought a new position in shares of U.S. Bancorp during the fourth quarter valued at $256,000. 77.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. HSBC raised U.S. Bancorp from a “hold” rating to a “buy” rating and increased their price target for the company from $47.00 to $53.00 in a research note on Thursday, March 28th. Wells Fargo & Company lowered their price objective on U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. StockNews.com lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Friday. UBS Group reduced their price objective on shares of U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Finally, Jefferies Financial Group lifted their price objective on shares of U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, U.S. Bancorp currently has a consensus rating of “Hold” and a consensus target price of $46.02.

U.S. Bancorp Stock Performance

NYSE:USB opened at $40.53 on Monday. The company has a market capitalization of $63.25 billion, a P/E ratio of 13.42, a P/E/G ratio of 3.90 and a beta of 1.05. The business has a fifty day simple moving average of $41.99 and a two-hundred day simple moving average of $41.42. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. U.S. Bancorp has a 1 year low of $29.33 and a 1 year high of $45.85.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The company had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the prior year, the company earned $1.16 EPS. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, analysts expect that U.S. Bancorp will post 3.84 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.49 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 4.84%. U.S. Bancorp’s payout ratio is 64.90%.

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.