Global Retirement Partners LLC Buys 19,582 Shares of U.S. Bancorp $USB

Global Retirement Partners LLC increased its stake in U.S. Bancorp (NYSE:USB) by 46.4% during the fourth quarter, HoldingsChannel reports. The firm owned 61,782 shares of the financial services provider’s stock after acquiring an additional 19,582 shares during the period. Global Retirement Partners LLC’s holdings in U.S. Bancorp were worth $3,297,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Mach 1 Financial Group LLC bought a new stake in shares of U.S. Bancorp in the 4th quarter worth approximately $394,000. Prevail Innovative Wealth Advisors LLC raised its holdings in shares of U.S. Bancorp by 17.2% in the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 38,099 shares of the financial services provider’s stock worth $2,033,000 after purchasing an additional 5,583 shares during the period. CWS Financial Advisors LLC bought a new stake in U.S. Bancorp during the 4th quarter valued at $242,000. Fi3 FINANCIAL ADVISORS LLC bought a new stake in U.S. Bancorp during the 4th quarter valued at $267,000. Finally, MJP Associates Inc. ADV raised its holdings in U.S. Bancorp by 9.6% during the 4th quarter. MJP Associates Inc. ADV now owns 4,918 shares of the financial services provider’s stock valued at $262,000 after acquiring an additional 429 shares during the period. Institutional investors own 77.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on USB. DA Davidson reissued a “buy” rating and set a $65.00 target price on shares of U.S. Bancorp in a report on Friday, April 17th. 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 report on Friday, April 17th. Evercore boosted their target price on shares of U.S. Bancorp from $60.00 to $65.00 and gave the company an “in-line” rating in a report on Thursday, February 5th. Jefferies Financial Group reissued a “hold” rating and set a $60.00 target price on shares of U.S. Bancorp in a report on Thursday, April 16th. Finally, Weiss Ratings raised shares of U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $61.20.

U.S. Bancorp Stock Up 0.5%

USB opened at $54.85 on Friday. The company has a fifty day moving average price of $54.07 and a 200-day moving average price of $53.64. The firm has a market capitalization of $85.14 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 0.98 and a beta of 1.00. 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 has a one year low of $42.21 and a one year high of $61.19.

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

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Tuesday, March 31st. U.S. Bancorp’s payout ratio is 43.61%.

Insiders Place Their Bets

In other news, EVP Venkatachari Dilip sold 34,522 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jodi L. Richard sold 40,000 shares of the business’s stock in a transaction 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 transaction, the insider owned 207,251 shares of the company’s stock, valued at $11,813,307. This trade represents a 16.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is owned by insiders.

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.