Compass Wealth Management LLC Invests $1.93 Million in U.S. Bancorp $USB

Compass Wealth Management LLC bought a new stake in U.S. Bancorp (NYSE:USB) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 40,000 shares of the financial services provider’s stock, valued at approximately $1,933,000.

Several other institutional investors have also recently bought and sold shares of USB. Parcion Private Wealth LLC grew its stake in shares of U.S. Bancorp by 0.4% during the 3rd quarter. Parcion Private Wealth LLC now owns 53,412 shares of the financial services provider’s stock worth $2,581,000 after acquiring an additional 218 shares in the last quarter. Bogart Wealth LLC grew its position in U.S. Bancorp by 4.4% in the third quarter. Bogart Wealth LLC now owns 5,507 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 234 shares in the last quarter. Hoxton Planning & Management LLC grew its position in U.S. Bancorp by 3.4% in the third quarter. Hoxton Planning & Management LLC now owns 7,021 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 234 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC increased its stake in U.S. Bancorp by 0.5% in the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 43,289 shares of the financial services provider’s stock valued at $2,092,000 after buying an additional 235 shares during the last quarter. Finally, Crestwood Advisors Group LLC lifted its position in U.S. Bancorp by 3.5% during the 2nd quarter. Crestwood Advisors Group LLC now owns 7,021 shares of the financial services provider’s stock worth $318,000 after buying an additional 237 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on USB shares. DA Davidson increased their price objective on shares of U.S. Bancorp from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Royal Bank Of Canada upped their target price on U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. JPMorgan Chase & Co. increased their price target on U.S. Bancorp from $55.50 to $62.00 and gave the company an “underweight” rating in a research report on Monday, February 9th. Keefe, Bruyette & Woods boosted their price target on U.S. Bancorp from $58.00 to $59.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 21st. Finally, Oppenheimer upped their price objective on U.S. Bancorp from $75.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $59.79.

U.S. Bancorp Stock Performance

Shares of NYSE USB opened at $57.88 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $89.97 billion, a P/E ratio of 12.53, a P/E/G ratio of 1.05 and a beta of 1.06. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $61.19. The stock has a 50 day moving average of $55.87 and a 200-day moving average of $50.67.

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

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.08 annualized dividend and a dividend yield of 3.6%. U.S. Bancorp’s payout ratio is presently 45.02%.

Insider Buying and Selling

In other U.S. Bancorp news, insider Mark G. Runkel sold 32,195 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $60.65, for a total value of $1,952,626.75. Following the transaction, the insider directly owned 97,728 shares of the company’s stock, valued at $5,927,203.20. This represents a 24.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.23% of the company’s stock.

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.