U.S. Bancorp (NYSE:USB) Shares Acquired by Mosaic Family Wealth Partners LLC

Mosaic Family Wealth Partners LLC grew its position in U.S. Bancorp (NYSE:USB) by 1.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,487 shares of the financial services provider’s stock after acquiring an additional 264 shares during the quarter. Mosaic Family Wealth Partners LLC’s holdings in U.S. Bancorp were worth $871,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of USB. Norges Bank acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth $827,370,000. Boston Partners acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth $154,517,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of U.S. Bancorp by 8.3% during the fourth 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 period. Confluence Investment Management LLC acquired a new stake in shares of U.S. Bancorp during the first quarter worth $92,192,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of U.S. Bancorp by 88.9% during the first quarter. BNP Paribas Financial Markets now owns 2,331,050 shares of the financial services provider’s stock worth $104,198,000 after purchasing an additional 1,097,179 shares during the period. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Price Performance

Shares of USB traded down $1.13 during trading hours on Friday, reaching $42.35. 8,485,453 shares of the company traded hands, compared to its average volume of 9,838,976. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $66.09 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 4.20 and a beta of 1.04. U.S. Bancorp has a fifty-two week low of $30.47 and a fifty-two week high of $45.88. The stock has a fifty day simple moving average of $41.10 and a 200 day simple moving average of $41.59.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.04. U.S. Bancorp had a return on equity of 13.34% and a net margin of 12.55%. 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 company earned $1.12 earnings per share. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, research analysts predict that U.S. Bancorp will post 3.9 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend was Friday, June 28th. U.S. Bancorp’s payout ratio is 64.90%.

Insiders Place Their Bets

In other U.S. Bancorp news, Director Aleem Gillani purchased 10,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were purchased at an average cost of $44.99 per share, with a total value of $449,900.00. Following the purchase, the director now owns 10,000 shares in the company, valued at $449,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.23% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. UBS Group increased their price objective on U.S. Bancorp from $43.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. The Goldman Sachs Group increased their price objective on U.S. Bancorp from $42.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Barclays cut their price objective on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Oppenheimer cut their price objective on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a research report on Thursday, April 18th. Finally, Royal Bank of Canada increased their price objective on U.S. Bancorp from $47.00 to $48.00 and gave the stock an “outperform” 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.com, U.S. Bancorp presently has an average rating of “Hold” and an average price target 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.