Bedel Financial Consulting Inc. Grows Stock Holdings in U.S. Bancorp (NYSE:USB)

Bedel Financial Consulting Inc. grew its holdings in shares of U.S. Bancorp (NYSE:USB) by 10.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,994 shares of the financial services provider’s stock after buying an additional 1,350 shares during the quarter. Bedel Financial Consulting Inc.’s holdings in U.S. Bancorp were worth $663,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Mission Wealth Management LP lifted its holdings in U.S. Bancorp by 50.2% in the 4th quarter. Mission Wealth Management LP now owns 29,085 shares of the financial services provider’s stock worth $1,391,000 after buying an additional 9,719 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of U.S. Bancorp in the 4th quarter valued at approximately $730,000. Jones Financial Companies Lllp raised its position in shares of U.S. Bancorp by 35.6% in the 4th quarter. Jones Financial Companies Lllp now owns 176,473 shares of the financial services provider’s stock valued at $8,441,000 after purchasing an additional 46,322 shares in the last quarter. Modera Wealth Management LLC raised its position in shares of U.S. Bancorp by 4.4% in the 4th quarter. Modera Wealth Management LLC now owns 11,950 shares of the financial services provider’s stock valued at $572,000 after purchasing an additional 502 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its holdings in U.S. Bancorp by 788.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 4,691 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 4,163 shares in the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on USB shares. Citigroup upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their target price for the company from $49.00 to $65.00 in a research note on Monday, November 25th. DA Davidson raised U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their price target for the company from $58.00 to $60.00 in a research report on Thursday, January 2nd. Barclays upped their price target on U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Oppenheimer increased their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Finally, Compass Point increased their price objective on shares of U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $54.21.

U.S. Bancorp Stock Down 1.5 %

U.S. Bancorp stock opened at $46.21 on Tuesday. U.S. Bancorp has a 52 week low of $37.81 and a 52 week high of $53.98. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The stock has a market cap of $72.08 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 1.73 and a beta of 1.04. The company’s 50-day moving average price is $47.87 and its two-hundred day moving average price is $47.90.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. The company had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.99 EPS. On average, analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.50 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 4.33%. U.S. Bancorp’s dividend payout ratio (DPR) is 52.77%.

Insiders Place Their Bets

In related news, insider Terrance R. Dolan sold 66,317 shares of U.S. Bancorp stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $46.96, for a total value of $3,114,246.32. Following the transaction, the insider now owns 209,482 shares of the company’s stock, valued at approximately $9,837,274.72. This trade represents a 24.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jodi L. Richard sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $47.59, for a total transaction of $1,427,700.00. Following the sale, the insider now owns 99,790 shares in the company, valued at $4,749,006.10. This represents a 23.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 219,812 shares of company stock worth $10,385,665. 0.23% of the stock is owned by 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.