Blue Barn Wealth LLC Purchases New Stake in U.S. Bancorp (NYSE:USB)

Blue Barn Wealth LLC acquired a new position in shares of U.S. Bancorp (NYSE:USB) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,683 shares of the financial services provider’s stock, valued at approximately $203,000.

Several other large investors also recently made changes to their positions in USB. CGC Financial Services LLC purchased a new position in U.S. Bancorp in the fourth quarter valued at about $25,000. BKM Wealth Management LLC purchased a new stake in shares of U.S. Bancorp during the 4th quarter valued at about $26,000. Planned Solutions Inc. acquired a new position in U.S. Bancorp during the 4th quarter worth approximately $27,000. Naples Money Management LLC purchased a new position in U.S. Bancorp in the 4th quarter worth approximately $30,000. Finally, First Command Advisory Services Inc. acquired a new stake in U.S. Bancorp in the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on USB shares. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $45.00 target price (down from $52.00) on shares of U.S. Bancorp in a research report on Thursday, April 18th. Compass Point raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their price objective for the company from $46.00 to $49.00 in a research report on Friday, March 22nd. Jefferies Financial Group lifted their target price on U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. UBS Group cut their price target on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Finally, Evercore ISI raised their price objective on U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, U.S. Bancorp has a consensus rating of “Hold” and an average price target of $46.02.

U.S. Bancorp Stock Performance

Shares of NYSE:USB traded down $0.24 during trading on Tuesday, hitting $41.58. 8,662,696 shares of the company traded hands, compared to its average volume of 8,547,157. The stock has a market capitalization of $64.88 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 2.16 and a beta of 1.05. U.S. Bancorp has a one year low of $28.53 and a one year high of $45.85. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07. The business’s fifty day moving average is $42.35 and its 200-day moving average is $40.64.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The firm had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period last year, the company earned $1.16 earnings per share. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. As a group, equities analysts predict that U.S. Bancorp will post 3.84 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 4.71%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is 64.90%.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp stock in a transaction on Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the sale, the executive vice president now owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.23% of the stock is owned by company insiders.

U.S. Bancorp Company 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.