Winch Advisory Services LLC Has $26,000 Stake in U.S. Bancorp (NYSE:USB)

Winch Advisory Services LLC lifted its stake in U.S. Bancorp (NYSE:USB) by 1,088.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 535 shares of the financial services provider’s stock after purchasing an additional 490 shares during the period. Winch Advisory Services LLC’s holdings in U.S. Bancorp were worth $26,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Global Wealth Strategies & Associates increased its position in U.S. Bancorp by 70.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 250 shares during the period. Frazier Financial Advisors LLC raised its holdings in U.S. Bancorp by 222.7% in the third quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 441 shares during the period. FNY Investment Advisers LLC bought a new position in U.S. Bancorp during the fourth quarter worth about $38,000. First Financial Corp IN bought a new position in shares of U.S. Bancorp during the 4th quarter valued at about $41,000. Finally, Legacy Investment Solutions LLC bought a new position in U.S. Bancorp in the third quarter valued at approximately $40,000. Institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $49.03, for a total value of $1,225,750.00. Following the sale, the insider now owns 129,790 shares in the company, valued at approximately $6,363,603.70. The trade was a 16.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on USB shares. Robert W. Baird set a $54.00 target price on U.S. Bancorp in a research note on Thursday, October 17th. Oppenheimer cut their target price on shares of U.S. Bancorp from $66.00 to $62.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Deutsche Bank Aktiengesellschaft cut shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price objective for the company. in a research report on Thursday, October 24th. Evercore ISI upped their price objective on U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Finally, Citigroup upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their target price for the stock from $49.00 to $65.00 in a research report on Monday, November 25th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.07.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $50.92 on Thursday. The company has a market capitalization of $79.44 billion, a PE ratio of 15.57, a P/E/G ratio of 2.47 and a beta of 1.05. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.04. The stock has a 50-day moving average price of $50.25 and a two-hundred day moving average price of $46.68. U.S. Bancorp has a 12 month low of $37.81 and a 12 month high of $53.98.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a net margin of 12.92% and a return on equity of 12.91%. The business had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. During the same period last year, the company earned $0.99 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. Analysts expect that U.S. Bancorp will post 3.91 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.93%. U.S. Bancorp’s payout ratio is 61.16%.

About U.S. Bancorp

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.