Opus Capital Group LLC Has $597,000 Stock Holdings in U.S. Bancorp (NYSE:USB)

Opus Capital Group LLC decreased its stake in U.S. Bancorp (NYSE:USB) by 2.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,792 shares of the financial services provider’s stock after selling 367 shares during the period. Opus Capital Group LLC’s holdings in U.S. Bancorp were worth $597,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. CGC Financial Services LLC bought a new stake in shares of U.S. Bancorp during the 4th quarter valued at about $25,000. BKM Wealth Management LLC bought a new position in U.S. Bancorp in the fourth quarter worth approximately $26,000. Planned Solutions Inc. bought a new position in U.S. Bancorp in the fourth quarter worth approximately $27,000. Legacy Financial Group LLC bought a new position in U.S. Bancorp in the third quarter worth approximately $30,000. Finally, First Command Advisory Services Inc. bought a new position in U.S. Bancorp in the third quarter worth approximately $35,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

NYSE:USB traded down $1.48 during trading hours on Wednesday, reaching $39.52. The stock had a trading volume of 14,177,917 shares, compared to its average volume of 8,783,098. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a 50 day simple moving average of $42.34 and a 200 day simple moving average of $39.72. U.S. Bancorp has a 12-month low of $27.27 and a 12-month high of $45.85. The stock has a market cap of $61.58 billion, a P/E ratio of 12.50, a price-to-earnings-growth ratio of 2.14 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.28. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The business had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.85 billion. During the same period last year, the business posted $1.20 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, research analysts forecast that U.S. Bancorp will post 3.87 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s payout ratio is currently 59.76%.

Insider Transactions at U.S. Bancorp

In other news, EVP James L. Chosy sold 21,582 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the transaction, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the sale, the insider now owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The disclosure for this sale can be found here. Insiders sold 60,265 shares of company stock valued at $2,535,903 over the last three months. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on USB shares. Oppenheimer cut their price target on U.S. Bancorp from $61.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, March 19th. Royal Bank of Canada increased their price target on U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. Barclays raised their target price on U.S. Bancorp from $48.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Jefferies Financial Group raised their target price on U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a report on Monday, April 8th. Finally, Stephens lowered U.S. Bancorp from an “overweight” rating to an “equal weight” rating in a report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, U.S. Bancorp currently has an average rating of “Hold” and an average price target of $47.41.

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.