Advisortrust Partners LLC Makes New $626,000 Investment in U.S. Bancorp $USB

Advisortrust Partners LLC purchased a new stake in U.S. Bancorp (NYSE:USB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,728 shares of the financial services provider’s stock, valued at approximately $626,000.

Several other large investors also recently made changes to their positions in USB. Financial Life Planners acquired a new position in U.S. Bancorp in the 3rd quarter worth $25,000. Clayton Financial Group LLC bought a new stake in shares of U.S. Bancorp in the fourth quarter worth $25,000. JPL Wealth Management LLC bought a new position in U.S. Bancorp in the third quarter valued at $28,000. Binnacle Investments Inc grew its position 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 purchasing an additional 273 shares in the last quarter. Finally, Rossby Financial LCC increased its stake in U.S. Bancorp by 57.8% in the 4th quarter. Rossby Financial LCC now owns 579 shares of the financial services provider’s stock valued at $31,000 after buying an additional 212 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Jefferies Financial Group restated a “hold” rating and set a $60.00 price objective on shares of U.S. Bancorp in a research note on Thursday, April 16th. Wall Street Zen raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday. DA Davidson reiterated a “buy” rating and set a $65.00 target price on shares of U.S. Bancorp in a report on Friday, April 17th. Royal Bank Of Canada increased their price target on U.S. Bancorp from $59.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Finally, Barclays upped 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. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, U.S. Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $61.29.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock opened at $58.07 on Friday. The business has a 50-day moving average price of $55.69 and a two-hundred day moving average price of $54.86. U.S. Bancorp has a 1-year low of $42.93 and a 1-year high of $61.19. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03. The company has a market cap of $90.07 billion, a P/E ratio of 12.17, a PEG ratio of 1.01 and a beta of 0.97.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Thursday, April 16th. The financial services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The company had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, analysts anticipate that U.S. Bancorp will post 5.08 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, June 30th. U.S. Bancorp’s dividend payout ratio (DPR) is 43.61%.

Insiders Place Their Bets

In related news, insider Jodi L. Richard sold 40,000 shares of the company’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the completion of the sale, the insider owned 207,251 shares in the company, valued at approximately $11,813,307. This represents a 16.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Venkatachari Dilip sold 34,522 shares of U.S. Bancorp stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total value of $1,916,661.44. Following the sale, the executive vice president 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. 0.21% of the stock is currently owned by company 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.