Compass Wealth Management LLC Purchases Shares of 40,000 U.S. Bancorp $USB

Compass Wealth Management LLC bought a new position in shares of U.S. Bancorp (NYSE:USB) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 40,000 shares of the financial services provider’s stock, valued at approximately $1,933,000.

A number of other hedge funds have also recently bought and sold shares of USB. Brighton Jones LLC grew its stake in U.S. Bancorp by 323.0% in the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock valued at $2,309,000 after buying an additional 36,863 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of U.S. Bancorp by 2.1% during the first quarter. Empowered Funds LLC now owns 34,411 shares of the financial services provider’s stock worth $1,453,000 after acquiring an additional 714 shares during the period. Intech Investment Management LLC grew its position in shares of U.S. Bancorp by 18.9% in the first quarter. Intech Investment Management LLC now owns 39,276 shares of the financial services provider’s stock valued at $1,658,000 after purchasing an additional 6,252 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of U.S. Bancorp during the second quarter worth approximately $425,000. Finally, Kathmere Capital Management LLC lifted its holdings in U.S. Bancorp by 40.4% during the 2nd quarter. Kathmere Capital Management LLC now owns 11,720 shares of the financial services provider’s stock worth $530,000 after purchasing an additional 3,370 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Trading Up 0.7%

Shares of U.S. Bancorp stock opened at $55.88 on Tuesday. The firm’s 50 day moving average is $52.78 and its 200 day moving average is $49.17. The firm has a market capitalization of $86.86 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 1.00 and a beta of 1.07. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $56.70. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. The firm had revenue of $7.92 billion for the quarter, compared to analyst estimates of $7.31 billion. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $1.07 earnings per share. Equities research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.52 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.08 dividend on an annualized basis and a yield of 3.7%. U.S. Bancorp’s payout ratio is currently 45.02%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Wells Fargo & Company raised their target price on shares of U.S. Bancorp from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Bank of America raised their price objective on U.S. Bancorp from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Deutsche Bank Aktiengesellschaft upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $52.50 target price for the company in a research report on Thursday, October 23rd. Morgan Stanley restated a “positive” rating on shares of U.S. Bancorp in a research report on Friday, October 17th. Finally, HSBC reaffirmed a “buy” rating and set a $62.00 price objective on shares of U.S. Bancorp in a research report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $58.19.

About U.S. Bancorp

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.