U.S. Bancorp (NYSE:USB) Stock Position Lowered by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC lessened its position in U.S. Bancorp (NYSE:USB) by 4.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,111 shares of the financial services provider’s stock after selling 1,855 shares during the period. Motley Fool Wealth Management LLC’s holdings in U.S. Bancorp were worth $1,648,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Mosaic Family Wealth Partners LLC raised its stake in shares of U.S. Bancorp by 1.4% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider’s stock worth $832,000 after buying an additional 265 shares in the last quarter. Wealth Alliance grew its holdings in shares of U.S. Bancorp by 0.5% in the 4th quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock worth $2,131,000 after acquiring an additional 266 shares during the last quarter. Perkins Capital Management Inc. grew its holdings in shares of U.S. Bancorp by 2.0% in the 3rd quarter. Perkins Capital Management Inc. now owns 14,984 shares of the financial services provider’s stock worth $495,000 after acquiring an additional 300 shares during the last quarter. Cigna Investments Inc. New grew its holdings in shares of U.S. Bancorp by 1.9% in the 4th quarter. Cigna Investments Inc. New now owns 16,632 shares of the financial services provider’s stock worth $720,000 after acquiring an additional 308 shares during the last quarter. Finally, Essex Savings Bank grew its holdings in shares of U.S. Bancorp by 2.7% in the 4th quarter. Essex Savings Bank now owns 11,685 shares of the financial services provider’s stock worth $506,000 after acquiring an additional 309 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Up 0.3 %

Shares of USB traded up $0.13 during trading hours on Friday, hitting $41.12. 4,512,229 shares of the company were exchanged, compared to its average volume of 7,300,433. The company has a market cap of $64.07 billion, a PE ratio of 13.62, a PEG ratio of 2.12 and a beta of 1.05. The firm’s 50 day moving average is $42.34 and its 200-day moving average is $40.11. U.S. Bancorp has a 52 week low of $27.27 and a 52 week high of $45.85. 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 (NYSE:USB) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.01. The company had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The firm’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.16 EPS. On average, equities research 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 announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a dividend of $0.49 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.77%. U.S. Bancorp’s payout ratio is 64.90%.

Insider Activity at U.S. Bancorp

In related news, insider Terrance R. Dolan sold 26,583 shares of the 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 completion of the sale, the insider now owns 144,236 shares in the company, valued at approximately $6,255,515.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the sale, the executive vice president now owns 164,880 shares in the company, valued at approximately $6,837,573.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Terrance R. Dolan sold 26,583 shares of the firm’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 value 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 approximately $6,255,515.32. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on USB. Wells Fargo & Company decreased their target price on U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Oppenheimer lowered their price target on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. Evercore ISI lifted their price target on U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $45.00 price target (down previously from $52.00) on shares of U.S. Bancorp in a report on Thursday, April 18th. Finally, Morgan Stanley lifted their price target on U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, U.S. Bancorp presently has an average rating of “Hold” and an average price target of $46.14.

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.