Focus Partners Advisor Solutions LLC Has $4.11 Million Position in U.S. Bancorp $USB

Focus Partners Advisor Solutions LLC cut its position in U.S. Bancorp (NYSE:USB) by 20.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,988 shares of the financial services provider’s stock after selling 19,843 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in U.S. Bancorp were worth $4,108,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in USB. Financial Life Planners acquired a new position in shares of U.S. Bancorp in the 3rd quarter valued at approximately $25,000. Clayton Financial Group LLC acquired a new position in shares of U.S. Bancorp in the 4th quarter valued at approximately $25,000. JPL Wealth Management LLC acquired a new position in shares of U.S. Bancorp in the 3rd quarter valued at approximately $28,000. Binnacle Investments Inc raised its position in shares of U.S. Bancorp by 77.8% in the 3rd quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock valued at $30,000 after buying an additional 273 shares in the last quarter. Finally, Westfuller Advisors LLC raised its position in shares of U.S. Bancorp by 54.7% in the 4th quarter. Westfuller Advisors LLC now owns 608 shares of the financial services provider’s stock valued at $33,000 after buying an additional 215 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other U.S. Bancorp news, insider Jodi L. Richard sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the sale, the insider directly owned 207,251 shares of the company’s stock, valued at $11,813,307. The trade was a 16.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Venkatachari Dilip sold 34,522 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the sale, the executive vice president directly owned 51,292 shares in the company, valued at $2,847,731.84. The trade was a 40.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.21% of the company’s stock.

U.S. Bancorp Price Performance

USB stock opened at $55.94 on Wednesday. The company has a 50 day simple moving average of $54.89 and a 200 day simple moving average of $54.36. The stock has a market cap of $86.77 billion, a price-to-earnings ratio of 11.73, a P/E/G ratio of 1.00 and a beta of 0.97. U.S. Bancorp has a 1 year low of $42.55 and a 1 year high of $61.19. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. The business had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $7.27 billion. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 EPS. Research analysts anticipate that U.S. Bancorp will post 5.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on USB shares. Barclays boosted their target price on shares of U.S. Bancorp from $65.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Jefferies Financial Group restated a “hold” rating and issued a $60.00 target price on shares of U.S. Bancorp in a research report on Thursday, April 16th. JPMorgan Chase & Co. lowered their price objective on shares of U.S. Bancorp from $58.00 to $57.50 and set an “underweight” rating for the company in a research report on Thursday, April 30th. DA Davidson reiterated a “buy” rating and set a $65.00 price objective on shares of U.S. Bancorp in a research report on Friday, April 17th. Finally, Weiss Ratings upgraded shares of U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $61.20.

U.S. Bancorp Company Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.