Cardinal Strategic Wealth Guidance Takes $221,000 Position in U.S. Bancorp (NYSE:USB)

Cardinal Strategic Wealth Guidance purchased a new position in U.S. Bancorp (NYSE:USB) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,617 shares of the financial services provider’s stock, valued at approximately $221,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Sovran Advisors LLC acquired a new stake in U.S. Bancorp during the 4th quarter valued at approximately $369,000. Stonebridge Financial Group LLC acquired a new stake in U.S. Bancorp in the fourth quarter valued at $30,000. Essex Financial Services Inc. grew its holdings in U.S. Bancorp by 5.9% during the 4th quarter. Essex Financial Services Inc. now owns 11,701 shares of the financial services provider’s stock worth $560,000 after acquiring an additional 652 shares in the last quarter. Pineridge Advisors LLC increased its position in shares of U.S. Bancorp by 65.1% in the 4th quarter. Pineridge Advisors LLC now owns 1,286 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 507 shares during the last quarter. Finally, Arlington Trust Co LLC acquired a new position in U.S. Bancorp in the fourth quarter worth about $82,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Royal Bank of Canada set a $53.00 target price on U.S. Bancorp in a report on Thursday, October 17th. Raymond James raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft cut shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 target price on the stock. in a report on Thursday, October 24th. Morgan Stanley decreased their price target on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, Citigroup upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $49.00 to $65.00 in a research note on Monday, November 25th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.21.

Insider Activity at U.S. Bancorp

In other news, CEO Andrew Cecere sold 102,044 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the completion of the sale, the chief executive officer now directly owns 1,230,316 shares of the company’s stock, valued at $58,132,431. This trade represents a 7.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Terrance R. Dolan sold 66,317 shares of U.S. Bancorp stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total value of $3,114,246.32. Following the completion of the transaction, the insider now owns 209,482 shares in the company, valued at $9,837,274.72. The trade was a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 219,812 shares of company stock valued at $10,385,665 over the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Price Performance

Shares of NYSE USB opened at $46.88 on Tuesday. The firm’s 50-day simple moving average is $49.09 and its 200 day simple moving average is $47.47. The stock has a market cap of $73.14 billion, a P/E ratio of 12.37, a P/E/G ratio of 1.77 and a beta of 1.04. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a fifty-two week low of $37.81 and a fifty-two week high of $53.98.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. During the same period in the prior year, the business posted $0.99 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.27%. U.S. Bancorp’s dividend payout ratio (DPR) is 52.77%.

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.