Stratos Investment Management LLC Has $234,000 Stock Position in U.S. Bancorp (NYSE:USB)

Stratos Investment Management LLC boosted its stake in U.S. Bancorp (NYSE:USB) by 11.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,896 shares of the financial services provider’s stock after purchasing an additional 495 shares during the quarter. Stratos Investment Management LLC’s holdings in U.S. Bancorp were worth $234,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Stratos Wealth Advisors LLC lifted its holdings in shares of U.S. Bancorp by 2.4% during the 4th quarter. Stratos Wealth Advisors LLC now owns 15,301 shares of the financial services provider’s stock worth $732,000 after acquiring an additional 361 shares during the period. Stratos Wealth Partners LTD. raised its position in U.S. Bancorp by 4.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 22,593 shares of the financial services provider’s stock valued at $1,081,000 after purchasing an additional 984 shares in the last quarter. Mather Group LLC. lifted its stake in U.S. Bancorp by 19.8% during the fourth quarter. Mather Group LLC. now owns 10,957 shares of the financial services provider’s stock worth $524,000 after purchasing an additional 1,808 shares during the last quarter. Cullinan Associates Inc. boosted its holdings in shares of U.S. Bancorp by 5.0% in the 4th quarter. Cullinan Associates Inc. now owns 37,918 shares of the financial services provider’s stock valued at $1,814,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Catalina Capital Group LLC increased its stake in shares of U.S. Bancorp by 18.8% in the 4th quarter. Catalina Capital Group LLC now owns 5,535 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 874 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

Wall Street Analysts Forecast Growth

USB has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price target on the stock. in a report on Thursday, October 24th. DA Davidson raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price objective for the company from $58.00 to $60.00 in a research note on Thursday, January 2nd. Morgan Stanley decreased their target price on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Oppenheimer boosted their price objective on U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.21.

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 on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total value of $4,821,579.00. Following the completion of the transaction, the chief executive officer now owns 1,230,316 shares in the company, valued at $58,132,431. This represents a 7.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were 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 of the company’s stock, valued at $9,837,274.72. This trade represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Trading Down 0.3 %

Shares of U.S. Bancorp stock opened at $47.33 on Thursday. The stock has a fifty day simple moving average of $49.45 and a 200 day simple moving average of $47.42. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98. The company has a market capitalization of $73.83 billion, a P/E ratio of 12.49, a price-to-earnings-growth 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.

U.S. Bancorp (NYSE:USB) last announced 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 return on equity of 12.94% and a net margin of 14.75%. The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. During the same quarter in the prior year, the company posted $0.99 earnings per share. U.S. Bancorp’s revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts anticipate that U.S. Bancorp will post 4.37 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 4.23%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 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.