Apollon Wealth Management LLC Grows Stock Position in U.S. Bancorp (NYSE:USB)

Apollon Wealth Management LLC grew its position in shares of U.S. Bancorp (NYSE:USB) by 33.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,621 shares of the financial services provider’s stock after buying an additional 6,424 shares during the period. Apollon Wealth Management LLC’s holdings in U.S. Bancorp were worth $1,109,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in USB. Mufg Bank LTD. boosted its holdings in shares of U.S. Bancorp by 54.1% in the third quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock worth $2,260,450,000 after acquiring an additional 24,000,000 shares during the period. Aristotle Capital Management LLC boosted its stake in U.S. Bancorp by 266.6% in the 3rd quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider’s stock worth $775,842,000 after purchasing an additional 17,066,479 shares during the period. Vanguard Group Inc. grew its holdings in U.S. Bancorp by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock valued at $4,513,127,000 after buying an additional 6,479,642 shares in the last quarter. Barclays PLC increased its position in shares of U.S. Bancorp by 120.4% during the third quarter. Barclays PLC now owns 8,810,834 shares of the financial services provider’s stock valued at $291,285,000 after buying an additional 4,813,976 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of U.S. Bancorp in the third quarter worth about $65,684,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analysts Set New Price Targets

USB has been the subject of several recent analyst reports. Morgan Stanley boosted their price objective on shares of U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. HSBC upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and increased their price objective for the stock from $47.00 to $53.00 in a research report on Thursday, March 28th. StockNews.com cut U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. JPMorgan Chase & Co. lowered their price target on U.S. Bancorp from $45.00 to $43.50 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. Finally, Royal Bank of Canada boosted their price objective on U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. One equities research 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $46.02.

U.S. Bancorp Price Performance

Shares of USB stock opened at $41.54 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. The firm has a market cap of $64.82 billion, a P/E ratio of 13.76, a P/E/G ratio of 2.16 and a beta of 1.05. The business’s 50 day moving average price is $42.36 and its 200-day moving average price is $40.64. U.S. Bancorp has a fifty-two week low of $28.53 and a fifty-two week high of $45.85.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data 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. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The business had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the previous year, the firm earned $1.16 EPS. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, equities research analysts anticipate that U.S. Bancorp will post 3.84 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.49 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.72%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

Insider Buying and Selling at U.S. Bancorp

In related news, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction on Friday, February 16th. The stock was 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.23% of the company’s stock.

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.