Savvy Advisors Inc. Raises Stock Holdings in U.S. Bancorp $USB

Savvy Advisors Inc. increased its stake in shares of U.S. Bancorp (NYSE:USB) by 244.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,872 shares of the financial services provider’s stock after purchasing an additional 21,907 shares during the quarter. Savvy Advisors Inc.’s holdings in U.S. Bancorp were worth $1,647,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Guerra Advisors Inc purchased a new stake in shares of U.S. Bancorp during the 3rd quarter worth $25,000. Financial Life Planners purchased a new stake in U.S. Bancorp in the third quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in U.S. Bancorp in the third quarter valued at about $26,000. JPL Wealth Management LLC purchased a new stake in U.S. Bancorp in the third quarter valued at about $28,000. Finally, Binnacle Investments Inc raised its stake in U.S. Bancorp by 77.8% in the third 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 during the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Trading Up 1.0%

Shares of NYSE:USB opened at $53.47 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $61.19. The stock has a market cap of $83.00 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 0.97 and a beta of 1.01. The business has a 50-day moving average price of $54.86 and a 200-day moving average price of $51.94.

U.S. Bancorp (NYSE:USB) last released its earnings results on Tuesday, January 20th. The financial services provider reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.The firm had revenue of $7.92 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same quarter in the previous year, the company posted $1.07 earnings per share. The company’s revenue was up 5.1% compared to the same quarter last year. Equities analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.9%. U.S. Bancorp’s payout ratio is 45.02%.

Insider Activity at U.S. Bancorp

In related news, insider Mark G. Runkel sold 32,195 shares of U.S. Bancorp stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the completion of the sale, the insider owned 97,728 shares of the company’s stock, valued at $5,927,203.20. The trade was a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on USB. UBS Group reiterated a “neutral” rating and issued a $60.00 price target on shares of U.S. Bancorp in a research note on Wednesday, February 4th. JPMorgan Chase & Co. increased their price target on U.S. Bancorp from $55.50 to $62.00 and gave the company an “underweight” rating in a research note on Monday, February 9th. HSBC reiterated a “buy” rating and issued a $62.00 price target on shares of U.S. Bancorp in a research note on Wednesday, January 7th. TD Cowen increased their price target on U.S. Bancorp from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Finally, Evercore increased their price target on U.S. Bancorp from $60.00 to $65.00 and gave the company an “in-line” rating in a research note on Thursday, February 5th. One investment 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $60.45.

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.