Ameliora Wealth Management Ltd. Purchases 2,440 Shares of U.S. Bancorp (NYSE:USB)

Ameliora Wealth Management Ltd. grew its holdings in U.S. Bancorp (NYSE:USB) by 55.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 6,840 shares of the financial services provider’s stock after buying an additional 2,440 shares during the quarter. Ameliora Wealth Management Ltd.’s holdings in U.S. Bancorp were worth $306,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Norwood Financial Corp increased its stake in U.S. Bancorp by 1,065.0% in the 1st quarter. Norwood Financial Corp now owns 1,165 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 1,065 shares during the last quarter. Brookmont Capital Management boosted its holdings in shares of U.S. Bancorp by 0.6% in the 1st quarter. Brookmont Capital Management now owns 82,327 shares of the financial services provider’s stock worth $3,680,000 after purchasing an additional 514 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new position in shares of U.S. Bancorp during the 1st quarter valued at about $323,000. Hengehold Capital Management LLC raised its holdings in shares of U.S. Bancorp by 0.5% during the 1st quarter. Hengehold Capital Management LLC now owns 112,845 shares of the financial services provider’s stock valued at $5,044,000 after buying an additional 593 shares in the last quarter. Finally, Lockerman Financial Group Inc. bought a new stake in U.S. Bancorp in the 1st quarter worth approximately $200,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Price Performance

Shares of USB traded down $0.01 during trading hours on Friday, reaching $39.67. 12,212,201 shares of the stock traded hands, compared to its average volume of 8,408,402. The company has a market cap of $61.90 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 3.82 and a beta of 1.04. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. The company’s 50-day moving average price is $40.35 and its two-hundred day moving average price is $41.69. U.S. Bancorp has a 52-week low of $30.47 and a 52-week high of $45.85.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) 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 firm had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter last year, the business posted $1.16 earnings per share. The firm’s revenue was down 6.4% on a year-over-year basis. On average, 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 declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.49 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.96 dividend on an annualized basis and a yield of 4.94%. U.S. Bancorp’s dividend payout ratio is currently 64.90%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on USB. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $47.00 price objective on shares of U.S. Bancorp in a research note on Thursday, May 16th. Evercore ISI raised their price objective on U.S. Bancorp from $45.00 to $48.00 and gave the company an “in-line” rating in a research note on Tuesday. JPMorgan Chase & Co. lowered shares of U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 price target for the company. in a report on Thursday. Morgan Stanley reissued an “equal weight” rating and issued a $45.00 target price on shares of U.S. Bancorp in a research note on Friday, June 21st. Finally, UBS Group lowered their price target on 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. Sixteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $46.02.

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.