Integrated Advisors Network LLC Grows Position in U.S. Bancorp (NYSE:USB)

Integrated Advisors Network LLC raised its position in U.S. Bancorp (NYSE:USB) by 12.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,237 shares of the financial services provider’s stock after acquiring an additional 1,835 shares during the quarter. Integrated Advisors Network LLC’s holdings in U.S. Bancorp were worth $686,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp purchased a new position in shares of U.S. Bancorp in the 4th quarter valued at about $26,000. FPC Investment Advisory Inc. acquired a new position in U.S. Bancorp in the fourth quarter valued at approximately $28,000. Stonebridge Financial Group LLC purchased a new position in U.S. Bancorp in the fourth quarter valued at approximately $30,000. Picton Mahoney Asset Management acquired a new stake in U.S. Bancorp during the fourth quarter worth approximately $30,000. Finally, REAP Financial Group LLC lifted its position in shares of U.S. Bancorp by 86.1% during the 4th quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider’s stock worth $31,000 after buying an additional 297 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Citigroup cut their price target on shares of U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Raymond James reaffirmed an “outperform” rating and set a $51.00 price objective (down previously from $57.00) on shares of U.S. Bancorp in a report on Thursday, April 17th. TD Cowen started coverage on U.S. Bancorp in a report on Thursday, May 15th. They issued a “buy” rating and a $60.00 target price for the company. Wells Fargo & Company dropped their price target on U.S. Bancorp from $56.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Finally, Wolfe Research raised U.S. Bancorp from a “peer perform” rating to an “outperform” rating and set a $49.00 price target on the stock in a research report on Thursday, April 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, U.S. Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $50.72.

Insider Buying and Selling at U.S. Bancorp

In related news, Director Aleem Gillani purchased 5,000 shares of the stock in a transaction dated Monday, April 21st. The shares were acquired at an average cost of $37.32 per share, with a total value of $186,600.00. Following the purchase, the director now directly owns 15,000 shares in the company, valued at $559,800. This trade represents a 50.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Price Performance

Shares of NYSE:USB opened at $42.93 on Friday. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The company has a 50-day moving average price of $41.74 and a 200 day moving average price of $45.12. The company has a market cap of $66.88 billion, a P/E ratio of 11.33, a PEG ratio of 1.73 and a beta of 0.99. 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 (NYSE:USB) last posted its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.92 billion. During the same period last year, the firm earned $0.78 EPS. Research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp 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.