Checchi Capital Advisers LLC Has $511,000 Holdings in U.S. Bancorp (NYSE:USB)

Checchi Capital Advisers LLC lifted its position in U.S. Bancorp (NYSE:USB) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,683 shares of the financial services provider’s stock after buying an additional 311 shares during the quarter. Checchi Capital Advisers LLC’s holdings in U.S. Bancorp were worth $511,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in USB. AMF Tjanstepension AB grew its stake in shares of U.S. Bancorp by 16.9% in the third quarter. AMF Tjanstepension AB now owns 532,105 shares of the financial services provider’s stock valued at $24,401,000 after buying an additional 76,914 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of U.S. Bancorp by 19.4% in the third quarter. Assenagon Asset Management S.A. now owns 50,833 shares of the financial services provider’s stock valued at $2,325,000 after buying an additional 8,263 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of U.S. Bancorp by 5.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 427,700 shares of the financial services provider’s stock valued at $19,326,000 after buying an additional 20,407 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of U.S. Bancorp by 7.2% in the third quarter. J.W. Cole Advisors Inc. now owns 14,252 shares of the financial services provider’s stock valued at $652,000 after buying an additional 955 shares in the last quarter. Finally, Pallas Capital Advisors LLC grew its stake in shares of U.S. Bancorp by 67.1% in the third quarter. Pallas Capital Advisors LLC now owns 9,301 shares of the financial services provider’s stock valued at $451,000 after buying an additional 3,735 shares in the last quarter. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Stock Performance

NYSE:USB opened at $45.67 on Thursday. The stock has a market cap of $71.24 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The stock’s 50-day moving average is $47.96 and its 200-day moving average is $47.77. U.S. Bancorp has a 1-year low of $37.81 and a 1-year high of $53.98.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, beating the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $7 billion. During the same period in the prior year, the business posted $0.99 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. Equities research analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s payout ratio is presently 52.77%.

Insider Activity at U.S. Bancorp

In related news, insider Terrance R. Dolan sold 66,317 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total value of $3,114,246.32. Following the sale, the insider now directly owns 209,482 shares in the company, valued at $9,837,274.72. This represents a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Andrew Cecere sold 102,044 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total value of $4,821,579.00. Following the transaction, the chief executive officer now owns 1,230,316 shares in the company, valued at $58,132,431. The trade was a 7.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 219,812 shares of company stock worth $10,385,665 over the last ninety days. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on USB shares. Compass Point raised their target price on shares of U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Raymond James raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a research report on Thursday, December 19th. Citigroup raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $49.00 to $65.00 in a research report on Monday, November 25th. Barclays lifted their price objective on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Finally, Wells Fargo & Company lifted their price objective on shares of U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $54.21.

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.