Moss Adams Wealth Advisors LLC Takes $285,000 Position in U.S. Bancorp (NYSE:USB)

Moss Adams Wealth Advisors LLC acquired a new position in U.S. Bancorp (NYSE:USB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,515 shares of the financial services provider’s stock, valued at approximately $285,000.

Several other large investors have also recently modified their holdings of USB. Barlow Wealth Partners Inc. acquired a new position in shares of U.S. Bancorp in the fourth quarter valued at about $311,000. Blue Barn Wealth LLC purchased a new stake in U.S. Bancorp in the fourth quarter valued at approximately $203,000. Palisade Asset Management LLC increased its holdings in U.S. Bancorp by 0.7% in the 4th quarter. Palisade Asset Management LLC now owns 255,816 shares of the financial services provider’s stock worth $11,072,000 after buying an additional 1,876 shares during the period. Charles Schwab Investment Management Inc. raised its position in 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 buying an additional 2,598,163 shares during the last quarter. Finally, Northern Financial Advisors Inc purchased a new stake in shares of U.S. Bancorp in the 4th quarter valued at $272,000. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Trading Up 0.3 %

NYSE:USB traded up $0.11 during trading hours on Wednesday, hitting $41.69. The company had a trading volume of 8,566,435 shares, compared to its average volume of 8,547,586. U.S. Bancorp has a 1 year low of $28.53 and a 1 year high of $45.85. The company has a market cap of $65.06 billion, a P/E ratio of 13.80, a P/E/G ratio of 2.16 and a beta of 1.05. The company has a 50-day moving average of $42.35 and a 200 day moving average of $40.64. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The firm had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter in the previous year, the company posted $1.16 EPS. The company’s revenue was down 6.4% compared to the same quarter last year. Sell-side analysts expect that U.S. Bancorp will post 3.84 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $0.49 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.70%. U.S. Bancorp’s dividend payout ratio is currently 64.90%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Oppenheimer reduced their target price on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a report on Thursday, April 18th. Morgan Stanley boosted their price objective on U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. Wells Fargo & Company dropped their target price on U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. DA Davidson decreased their target price on shares of U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. Finally, Barclays lowered their price target on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, U.S. Bancorp has a consensus rating of “Hold” and an average target price of $46.02.

Insider Activity

In related news, EVP James L. Chosy sold 21,582 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the transaction, the executive vice president now directly owns 164,880 shares in the company, valued at $6,837,573.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp Company Profile

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.