U.S. Bancorp (NYSE:USB) Shares Acquired by D Orazio & Associates Inc.

D Orazio & Associates Inc. increased its stake in U.S. Bancorp (NYSE:USB) by 12.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,504 shares of the financial services provider’s stock after acquiring an additional 742 shares during the period. D Orazio & Associates Inc.’s holdings in U.S. Bancorp were worth $311,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of USB. Apollon Wealth Management LLC raised its position in U.S. Bancorp by 77.4% in the 4th quarter. Apollon Wealth Management LLC now owns 28,907 shares of the financial services provider’s stock valued at $1,383,000 after purchasing an additional 12,616 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. increased its stake in shares of U.S. Bancorp by 0.6% during the fourth quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 346,101 shares of the financial services provider’s stock worth $16,554,000 after buying an additional 2,144 shares during the period. Vest Financial LLC raised its holdings in U.S. Bancorp by 16.4% in the fourth quarter. Vest Financial LLC now owns 7,361 shares of the financial services provider’s stock valued at $352,000 after acquiring an additional 1,039 shares in the last quarter. Shepherd Financial Partners LLC lifted its stake in U.S. Bancorp by 3.0% in the fourth quarter. Shepherd Financial Partners LLC now owns 16,672 shares of the financial services provider’s stock worth $797,000 after acquiring an additional 486 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in U.S. Bancorp during the 4th quarter worth approximately $112,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other U.S. Bancorp news, CEO Andrew Cecere sold 102,044 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total value of $4,821,579.00. Following the transaction, the chief executive officer now directly owns 1,230,316 shares in the company, valued at approximately $58,132,431. This represents a 7.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Terrance R. Dolan sold 66,317 shares of U.S. Bancorp stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the sale, the insider now owns 209,482 shares of the company’s stock, valued at approximately $9,837,274.72. This trade represents a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 219,812 shares of company stock worth $10,385,665 in the last three months. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Down 1.1 %

U.S. Bancorp stock opened at $47.22 on Friday. The stock has a market capitalization of $73.66 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 1.77 and a beta of 1.04. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The stock has a 50 day moving average of $49.21 and a two-hundred day moving average of $47.42. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $7 billion. During the same period in the prior year, the company posted $0.99 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, research analysts expect that U.S. Bancorp will post 4.37 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio is currently 52.77%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Robert W. Baird set a $54.00 price objective on shares of U.S. Bancorp in a research report on Thursday, October 17th. Barclays lifted their price target on U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Raymond James upgraded U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price objective on the stock in a report on Thursday, December 19th. Citigroup upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $49.00 to $65.00 in a research note on Monday, November 25th. Finally, DA Davidson upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price target for the company from $58.00 to $60.00 in a research note on Thursday, January 2nd. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $54.21.

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.