Wedmont Private Capital Acquires Shares of 6,216 U.S. Bancorp (NYSE:USB)

Wedmont Private Capital acquired a new stake in U.S. Bancorp (NYSE:USB – Get Rating) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,216 shares of the financial services provider’s stock, valued at approximately $288,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mach 1 Financial Group LLC bought a new stake in shares of U.S. Bancorp in the third quarter valued at about $26,000. Kistler Tiffany Companies LLC boosted its position in shares of U.S. Bancorp by 334.0% in the third quarter. Kistler Tiffany Companies LLC now owns 868 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 668 shares during the period. Heritage Wealth Management LLC bought a new stake in shares of U.S. Bancorp in the second quarter valued at about $37,000. General Partner Inc. bought a new stake in shares of U.S. Bancorp in the fourth quarter valued at about $39,000. Finally, MV Capital Management Inc. boosted its position in shares of U.S. Bancorp by 32.0% in the third quarter. MV Capital Management Inc. now owns 1,069 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 259 shares during the period. 71.83% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Trading Down 9.4 %

Shares of USB opened at $32.95 on Friday. The business has a 50-day moving average of $46.40 and a 200 day moving average of $44.42. U.S. Bancorp has a fifty-two week low of $32.72 and a fifty-two week high of $57.92. The firm has a market cap of $50.47 billion, a P/E ratio of 8.88, a price-to-earnings-growth ratio of 1.09 and a beta of 0.98. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.78 and a current ratio of 0.79.

U.S. Bancorp (NYSE:USB – Get Rating) last posted its earnings results on Wednesday, January 25th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.09. The business had revenue of $6.37 billion during the quarter, compared to analyst estimates of $6.61 billion. U.S. Bancorp had a return on equity of 16.13% and a net margin of 21.26%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.07 EPS. As a group, research analysts forecast that U.S. Bancorp will post 5.01 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 5.83%. The ex-dividend date of this dividend is Thursday, March 30th. U.S. Bancorp’s payout ratio is presently 51.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reduced their target price on shares of U.S. Bancorp from $57.00 to $55.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 6th. UBS Group raised U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their price objective for the company from $47.00 to $55.00 in a research note on Tuesday, January 10th. Wolfe Research downgraded shares of U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 1st. DA Davidson assumed coverage on shares of U.S. Bancorp in a research report on Tuesday, December 20th. They set a “neutral” rating and a $47.00 target price for the company. Finally, Barclays raised shares of U.S. Bancorp from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $62.00 to $68.00 in a research report on Tuesday, January 3rd. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $54.83.

U.S. Bancorp Profile

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U.S. Bancorp operates as a bank holding company, which offers financial services including lending and depository services, cash management, foreign exchange and trust and investment management. The firm also offers mortgage, refinance, auto, boat and RV loans, credit lines, credit card services, merchant, bank, checking and savings accounts, debit cards, online and mobile banking, ATM processing, mortgage banking, insurance, brokerage and leasing services.