Horan Capital Advisors LLC. Boosts Stock Holdings in U.S. Bancorp (NYSE:USB)

Horan Capital Advisors LLC. raised its holdings in shares of U.S. Bancorp (NYSE:USB) by 14.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,573 shares of the financial services provider’s stock after acquiring an additional 3,935 shares during the period. Horan Capital Advisors LLC.’s holdings in U.S. Bancorp were worth $1,323,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in USB. CGC Financial Services LLC purchased a new stake in shares of U.S. Bancorp during the fourth quarter worth about $25,000. BKM Wealth Management LLC purchased a new stake in shares of U.S. Bancorp during the fourth quarter worth about $26,000. Planned Solutions Inc. purchased a new stake in shares of U.S. Bancorp during the fourth quarter worth about $27,000. Legacy Financial Group LLC purchased a new stake in shares of U.S. Bancorp during the third quarter worth about $30,000. Finally, Naples Money Management LLC purchased a new stake in shares of U.S. Bancorp during the fourth quarter worth about $30,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP James L. Chosy sold 21,582 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the sale, the executive vice president now owns 164,880 shares in the company, valued at $6,837,573.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Trading Up 1.1 %

NYSE:USB opened at $41.41 on Friday. The company’s 50 day moving average price is $42.32 and its 200-day moving average price is $40.41. U.S. Bancorp has a 52 week low of $27.27 and a 52 week high of $45.85. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07. The stock has a market cap of $64.62 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 2.16 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the company posted $1.16 earnings per share. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, equities research analysts forecast that U.S. Bancorp will post 3.84 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio is currently 64.90%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of U.S. Bancorp from $45.00 to $43.50 and set an “overweight” rating for the company in a report on Wednesday. StockNews.com downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. Piper Sandler reissued a “neutral” rating on shares of U.S. Bancorp in a research note on Friday, January 26th. Compass Point raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price target for the stock from $46.00 to $49.00 in a research note on Friday, March 22nd. Finally, Wells Fargo & Company decreased their price target on shares of U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, U.S. Bancorp has an average rating of “Hold” and an average target price of $46.02.

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.