Relyea Zuckerberg Hanson LLC Boosts Stock Holdings in U.S. Bancorp (NYSE:USB)

Relyea Zuckerberg Hanson LLC grew its position in shares of U.S. Bancorp (NYSE:USB) by 8.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,801 shares of the financial services provider’s stock after acquiring an additional 392 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in U.S. Bancorp were worth $203,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. J.Safra Asset Management Corp bought a new position in shares of U.S. Bancorp during the fourth quarter valued at about $26,000. FPC Investment Advisory Inc. bought a new position in shares of U.S. Bancorp during the fourth quarter valued at about $28,000. Stonebridge Financial Group LLC bought a new position in shares of U.S. Bancorp during the fourth quarter valued at about $30,000. Picton Mahoney Asset Management bought a new position in shares of U.S. Bancorp during the fourth quarter valued at about $30,000. Finally, Millstone Evans Group LLC bought a new position in shares of U.S. Bancorp during the fourth quarter valued at about $31,000. 77.60% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Aleem Gillani bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 21st. The shares were bought at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the acquisition, the director now owns 15,000 shares of the company’s stock, valued at $559,800. This trade represents a 50.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Trading Down 2.8%

NYSE:USB opened at $42.93 on Friday. The company’s 50 day moving average price is $41.74 and its 200-day moving average price is $45.12. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The stock has a market cap of $66.88 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 1.73 and a beta of 0.99.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.06. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.92 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. On average, equities research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on USB. Oppenheimer increased their price target on shares of U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a research note on Monday, April 28th. Barclays decreased their price target on shares of U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Raymond James reissued an “outperform” rating and issued a $51.00 price target (down from $57.00) on shares of U.S. Bancorp in a research note on Thursday, April 17th. Piper Sandler decreased their price target on shares of U.S. Bancorp from $49.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $43.50 price target (down from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $50.72.

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.