Evermay Wealth Management LLC Buys 763 Shares of U.S. Bancorp (NYSE:USB)

Evermay Wealth Management LLC boosted its stake in shares of U.S. Bancorp (NYSE:USB) by 43.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,511 shares of the financial services provider’s stock after purchasing an additional 763 shares during the period. Evermay Wealth Management LLC’s holdings in U.S. Bancorp were worth $113,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. BKM Wealth Management LLC purchased a new position in U.S. Bancorp during the fourth quarter valued at approximately $26,000. Advisor Resource Council purchased a new position in shares of U.S. Bancorp during the 4th quarter valued at $251,000. SG Americas Securities LLC boosted its holdings in U.S. Bancorp by 104.3% in the 4th quarter. SG Americas Securities LLC now owns 105,090 shares of the financial services provider’s stock worth $4,548,000 after buying an additional 53,653 shares during the period. Rosenberg Matthew Hamilton increased its stake in U.S. Bancorp by 73.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,157 shares of the financial services provider’s stock worth $50,000 after buying an additional 489 shares in the last quarter. Finally, CVA Family Office LLC bought a new stake in U.S. Bancorp during the fourth quarter valued at about $175,000. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Trading Up 0.7 %

Shares of USB stock traded up $0.32 during trading hours on Thursday, reaching $45.09. 9,348,529 shares of the stock were exchanged, compared to its average volume of 8,602,840. The firm has a market capitalization of $70.36 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 4.05 and a beta of 1.04. U.S. Bancorp has a 12-month low of $30.47 and a 12-month high of $45.85. The company’s 50-day moving average price is $40.65 and its 200-day moving average price is $41.53. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.05.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, July 17th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $6.81 billion. During the same quarter in the previous year, the business earned $1.12 earnings per share. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, equities analysts anticipate that U.S. Bancorp will post 3.89 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a $0.49 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.96 dividend on an annualized basis and a yield of 4.35%. U.S. Bancorp’s payout ratio is 64.90%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on USB shares. JPMorgan Chase & Co. cut U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 target price for the company. in a research report on Thursday, June 27th. HSBC upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their price objective for the company from $47.00 to $53.00 in a research report on Thursday, March 28th. The Goldman Sachs Group raised their target price on shares of U.S. Bancorp from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. UBS Group boosted their price target on shares of U.S. Bancorp from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. Finally, StockNews.com upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, U.S. Bancorp presently has an average rating of “Hold” and a consensus price target of $47.76.

Insider Transactions at U.S. Bancorp

In related news, Director Aleem Gillani acquired 10,000 shares of the stock in a transaction on Thursday, July 18th. The stock was bought at an average cost of $44.99 per share, with a total value of $449,900.00. Following the transaction, the director now directly 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 the SEC website. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp 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.