Nilsine Partners LLC Has $329,000 Holdings in U.S. Bancorp (NYSE:USB)

Nilsine Partners LLC lifted its holdings in U.S. Bancorp (NYSE:USB) by 16.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,360 shares of the financial services provider’s stock after purchasing an additional 1,039 shares during the period. Nilsine Partners LLC’s holdings in U.S. Bancorp were worth $329,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of USB. CGC Financial Services LLC acquired a new stake in shares of U.S. Bancorp in the 4th quarter valued at $25,000. BKM Wealth Management LLC acquired a new stake in shares of U.S. Bancorp in the 4th quarter valued at $26,000. Planned Solutions Inc. acquired a new stake in shares of U.S. Bancorp in the 4th quarter valued at $27,000. Legacy Financial Group LLC acquired a new stake in shares of U.S. Bancorp in the 3rd quarter valued at $30,000. Finally, Naples Money Management LLC acquired a new position in U.S. Bancorp during the 4th quarter worth $30,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp 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 transaction, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Compass Point raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $46.00 to $49.00 in a research report on Friday, March 22nd. Royal Bank of Canada boosted their target price on shares of U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. StockNews.com lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. HSBC raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their target price for the stock from $47.00 to $53.00 in a research report on Thursday, March 28th. Finally, Wells Fargo & Company cut their target price on shares of U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $46.14.

U.S. Bancorp Price Performance

Shares of NYSE USB traded down $0.66 during mid-day trading on Tuesday, hitting $40.63. 8,861,593 shares of the stock were exchanged, compared to its average volume of 8,659,941. The company has a market cap of $63.31 billion, a P/E ratio of 13.45, a PEG ratio of 2.13 and a beta of 1.05. The stock’s fifty day simple moving average is $42.33 and its two-hundred day simple moving average is $40.34. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. U.S. Bancorp has a twelve month low of $27.27 and a twelve month high of $45.85.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS 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 business had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the prior year, the firm earned $1.16 earnings per share. U.S. Bancorp’s revenue was down 6.4% compared to the same quarter last year. As a group, analysts forecast that U.S. Bancorp will post 3.86 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $0.49 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 4.82%. U.S. Bancorp’s payout ratio is presently 64.90%.

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.