Dynasty Wealth Management LLC Acquires Shares of 6,522 U.S. Bancorp (NYSE:USB)

Dynasty Wealth Management LLC bought a new position in U.S. Bancorp (NYSE:USB) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,522 shares of the financial services provider’s stock, valued at approximately $292,000.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in U.S. Bancorp in the 4th quarter worth about $827,370,000. Boston Partners bought a new stake in U.S. Bancorp in the fourth quarter worth approximately $154,517,000. Charles Schwab Investment Management Inc. increased its stake in shares of U.S. Bancorp by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 33,719,110 shares of the financial services provider’s stock worth $1,459,363,000 after purchasing an additional 2,598,163 shares during the last quarter. Confluence Investment Management LLC bought a new position in shares of U.S. Bancorp during the 1st quarter valued at $92,192,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of U.S. Bancorp by 88.9% during the 1st quarter. BNP Paribas Financial Markets now owns 2,331,050 shares of the financial services provider’s stock valued at $104,198,000 after purchasing an additional 1,097,179 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Stock Down 1.3 %

NYSE:USB opened at $44.88 on Thursday. The stock’s fifty day simple moving average is $40.99 and its 200-day simple moving average is $41.57. The firm has a market capitalization of $70.03 billion, a P/E ratio of 14.86, a P/E/G ratio of 4.39 and a beta of 1.04. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.05. U.S. Bancorp has a 12-month low of $30.47 and a 12-month high of $45.88.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.04. U.S. Bancorp had a net margin of 12.55% and a return on equity of 13.34%. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.81 billion. During the same quarter last year, the firm earned $1.12 EPS. U.S. Bancorp’s quarterly revenue was down 4.3% compared to the same quarter last year. Equities research analysts expect that U.S. Bancorp will post 3.9 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $0.49 per share. The ex-dividend date was Friday, June 28th. This represents a $1.96 annualized dividend and a yield of 4.37%. U.S. Bancorp’s dividend payout ratio is presently 64.90%.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani purchased 10,000 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were bought at an average price of $44.99 per share, with a total value of $449,900.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $449,900. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lowered U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 target price on the stock. in a report on Thursday, June 27th. UBS Group boosted their target price on U.S. Bancorp from $43.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. StockNews.com upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Oppenheimer lowered their target price on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a research note on Thursday, April 18th. Finally, Wells Fargo & Company boosted their target price on shares of U.S. Bancorp from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $48.23.

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.