Waddell & Associates LLC Takes $520,000 Position in U.S. Bancorp $USB

Waddell & Associates LLC purchased a new stake in U.S. Bancorp (NYSE:USB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,751 shares of the financial services provider’s stock, valued at approximately $520,000.

Several other large investors have also modified their holdings of the business. Paulson Wealth Management Inc. grew its position in shares of U.S. Bancorp by 2.0% in the fourth quarter. Paulson Wealth Management Inc. now owns 8,780 shares of the financial services provider’s stock valued at $469,000 after purchasing an additional 173 shares during the last quarter. Gilbert & Cook Inc. boosted its position in U.S. Bancorp by 1.2% during the fourth quarter. Gilbert & Cook Inc. now owns 15,590 shares of the financial services provider’s stock worth $832,000 after acquiring an additional 184 shares during the last quarter. Flputnam Investment Management Co. boosted its position in U.S. Bancorp by 1.4% during the fourth quarter. Flputnam Investment Management Co. now owns 13,721 shares of the financial services provider’s stock worth $732,000 after acquiring an additional 186 shares during the last quarter. Genesis Private Wealth LLC boosted its position in U.S. Bancorp by 2.3% during the fourth quarter. Genesis Private Wealth LLC now owns 8,348 shares of the financial services provider’s stock worth $445,000 after acquiring an additional 187 shares during the last quarter. Finally, RiverFront Investment Group LLC boosted its position in U.S. Bancorp by 3.0% during the fourth quarter. RiverFront Investment Group LLC now owns 6,623 shares of the financial services provider’s stock worth $353,000 after acquiring an additional 196 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other U.S. Bancorp news, EVP Venkatachari Dilip sold 34,522 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the transaction, the executive vice president owned 51,292 shares of the company’s stock, valued at $2,847,731.84. This trade represents a 40.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jodi L. Richard sold 40,000 shares of the stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the transaction, the insider directly owned 207,251 shares in the company, valued at approximately $11,813,307. This represents a 16.18% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.21% of the company’s stock.

U.S. Bancorp Stock Performance

NYSE:USB opened at $55.94 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. The company has a market cap of $86.77 billion, a P/E ratio of 11.73, a P/E/G ratio of 1.00 and a beta of 0.97. U.S. Bancorp has a fifty-two week low of $42.55 and a fifty-two week high of $61.19. The firm’s 50 day moving average is $54.89 and its two-hundred day moving average is $54.36.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. The company had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.27 billion. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. U.S. Bancorp’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 earnings per share. Analysts expect that U.S. Bancorp will post 5.09 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of U.S. Bancorp from $58.00 to $57.50 and set an “underweight” rating on the stock in a research report on Thursday, April 30th. Barclays raised their target price on shares of U.S. Bancorp from $65.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Morgan Stanley set a $64.00 target price on shares of U.S. Bancorp in a research report on Friday, April 17th. Jefferies Financial Group restated a “hold” rating and set a $60.00 target price on shares of U.S. Bancorp in a research report on Thursday, April 16th. Finally, Weiss Ratings upgraded shares of U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.20.

U.S. Bancorp Company Profile

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.