Mount Yale Investment Advisors LLC Has $379,000 Holdings in U.S. Bancorp (NYSE:USB)

Mount Yale Investment Advisors LLC raised its position in U.S. Bancorp (NYSE:USB) by 9.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,489 shares of the financial services provider’s stock after purchasing an additional 710 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in U.S. Bancorp were worth $379,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. increased its position in shares of U.S. Bancorp by 108.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 40,604 shares of the financial services provider’s stock valued at $1,757,000 after acquiring an additional 499,485 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of U.S. Bancorp by 11.3% during the fourth quarter. Ritholtz Wealth Management now owns 20,266 shares of the financial services provider’s stock worth $877,000 after acquiring an additional 2,056 shares during the period. Blue Trust Inc. boosted its holdings in shares of U.S. Bancorp by 18.3% during the fourth quarter. Blue Trust Inc. now owns 8,279 shares of the financial services provider’s stock worth $358,000 after acquiring an additional 1,280 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of U.S. Bancorp by 4.9% during the fourth quarter. Global Retirement Partners LLC now owns 28,886 shares of the financial services provider’s stock worth $1,195,000 after acquiring an additional 1,352 shares during the period. Finally, Quent Capital LLC boosted its holdings in shares of U.S. Bancorp by 37.3% during the fourth quarter. Quent Capital LLC now owns 2,614 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 710 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Barclays reduced their price objective on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Wells Fargo & Company boosted their price target on U.S. Bancorp from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Evercore ISI boosted their price target on U.S. Bancorp from $45.00 to $48.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. UBS Group boosted their price target on U.S. Bancorp from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $45.00 price target (down from $52.00) on shares of U.S. Bancorp in a research note on Thursday, April 18th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $47.76.

U.S. Bancorp Price Performance

Shares of USB traded down $0.09 during trading hours on Monday, reaching $45.37. The stock had a trading volume of 5,010,173 shares, compared to its average volume of 8,557,609. U.S. Bancorp has a 12 month low of $30.47 and a 12 month high of $45.85. The stock has a market capitalization of $70.80 billion, a PE ratio of 15.06, a PEG ratio of 4.39 and a beta of 1.04. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.80 and a current ratio of 0.81. The company’s 50-day moving average is $40.74 and its two-hundred day moving average is $41.51.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.04. U.S. Bancorp had a return on equity of 13.34% and a net margin of 12.55%. The company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.81 billion. During the same period in the prior year, the company earned $1.12 EPS. U.S. Bancorp’s revenue was down 4.3% compared to the same quarter last year. Research analysts expect that U.S. Bancorp will post 3.9 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date was Friday, June 28th. U.S. Bancorp’s payout ratio is 64.90%.

Insider Activity

In related news, Director Aleem Gillani bought 10,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was acquired at an average cost of $44.99 per share, with a total value of $449,900.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $449,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is owned by corporate insiders.

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.