SFE Investment Counsel Sells 10,752 Shares of U.S. Bancorp (NYSE:USB)

SFE Investment Counsel cut its position in U.S. Bancorp (NYSE:USB) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,592 shares of the financial services provider’s stock after selling 10,752 shares during the quarter. U.S. Bancorp comprises approximately 2.0% of SFE Investment Counsel’s holdings, making the stock its 11th biggest position. SFE Investment Counsel’s holdings in U.S. Bancorp were worth $7,816,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vestcor Inc grew its stake in shares of U.S. Bancorp by 0.7% during the 4th quarter. Vestcor Inc now owns 33,480 shares of the financial services provider’s stock worth $1,460,000 after acquiring an additional 230 shares during the period. Mosaic Family Wealth Partners LLC increased its position in shares of U.S. Bancorp by 1.4% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider’s stock valued at $832,000 after acquiring an additional 265 shares during the period. Wealth Alliance raised its position in U.S. Bancorp by 0.5% during the 4th quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock valued at $2,131,000 after purchasing an additional 266 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of U.S. Bancorp by 3.0% during the first quarter. Acadian Asset Management LLC now owns 9,397 shares of the financial services provider’s stock valued at $499,000 after acquiring an additional 276 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in shares of U.S. Bancorp by 3.4% in the 1st quarter. Gamco Investors INC. ET AL now owns 8,520 shares of the financial services provider’s stock worth $453,000 after purchasing an additional 280 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Buying and Selling

In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total value of $1,152,904.71. Following the transaction, the insider now directly owns 144,236 shares in the company, valued at approximately $6,255,515.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction dated 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 directly owns 164,880 shares in the company, valued at approximately $6,837,573.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Terrance R. Dolan sold 26,583 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

U.S. Bancorp Stock Down 0.1 %

U.S. Bancorp stock traded down $0.03 during mid-day trading on Thursday, reaching $39.49. 5,892,082 shares of the company were exchanged, compared to its average volume of 8,736,518. U.S. Bancorp has a 12-month low of $27.27 and a 12-month high of $45.85. The business has a fifty day moving average of $42.33 and a 200 day moving average of $39.72. The firm has a market cap of $61.53 billion, a P/E ratio of 12.06, a PEG ratio of 2.12 and a beta of 1.05. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.81 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The company had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the prior year, the business posted $1.16 earnings per share. U.S. Bancorp’s revenue for the quarter was down 6.4% on a year-over-year basis. Research analysts anticipate that U.S. Bancorp will post 3.87 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date of this dividend was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio is currently 59.76%.

Analyst Upgrades and Downgrades

USB has been the topic of a number of recent analyst reports. Royal Bank of Canada raised their price target on shares of U.S. Bancorp from $43.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. UBS Group upped their price objective on U.S. Bancorp from $35.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Compass Point raised U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their target price for the stock from $46.00 to $49.00 in a research report on Friday, March 22nd. Morgan Stanley lifted their price target on shares of U.S. Bancorp from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $45.00 target price (down from $52.00) on shares of U.S. Bancorp in a report on Thursday. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, U.S. Bancorp has an average rating of “Hold” and an average target price of $46.91.

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.