Country Club Bank GFN Trims Stake in U.S. Bancorp (NYSE:USB)

Country Club Bank GFN reduced its position in U.S. Bancorp (NYSE:USBFree Report) by 6.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,847 shares of the financial services provider’s stock after selling 441 shares during the period. Country Club Bank GFN’s holdings in U.S. Bancorp were worth $299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. CGC Financial Services LLC purchased a new stake in shares of U.S. Bancorp in the 4th quarter valued at about $25,000. BKM Wealth Management LLC purchased a new stake in U.S. Bancorp during the 4th quarter valued at approximately $26,000. Planned Solutions Inc. purchased a new stake in U.S. Bancorp during the 4th quarter valued at approximately $27,000. Legacy Financial Group LLC purchased a new stake in U.S. Bancorp during the 3rd quarter valued at approximately $30,000. Finally, First Command Advisory Services Inc. purchased a new stake in U.S. Bancorp during the 3rd quarter valued at approximately $35,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Timothy A. Welsh sold 12,100 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $40.33, for a total transaction of $487,993.00. Following the sale, the insider now owns 106,958 shares in the company, valued at approximately $4,313,616.14. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of the stock in a transaction 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 transaction, the insider now owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Timothy A. Welsh sold 12,100 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $40.33, for a total value of $487,993.00. Following the transaction, the insider now directly owns 106,958 shares in the company, valued at approximately $4,313,616.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,265 shares of company stock worth $2,535,903. 0.23% of the stock is owned by insiders.

Analyst Ratings Changes

USB has been the subject of several analyst reports. HSBC raised U.S. Bancorp from a “hold” rating to a “buy” rating and upped their price objective for the company from $47.00 to $53.00 in a research note on Thursday, March 28th. Wells Fargo & Company upped their price objective on U.S. Bancorp from $43.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, December 14th. The Goldman Sachs Group upped their price objective on U.S. Bancorp from $37.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, December 19th. UBS Group increased their target price on U.S. Bancorp from $35.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. Finally, StockNews.com downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, U.S. Bancorp presently has a consensus rating of “Hold” and an average price target of $46.41.

View Our Latest Report on USB

U.S. Bancorp Stock Performance

USB opened at $43.25 on Wednesday. The stock’s 50 day simple moving average is $42.17 and its 200 day simple moving average is $39.04. The stock has a market cap of $67.39 billion, a P/E ratio of 13.19, a P/E/G ratio of 2.31 and a beta of 1.05. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.81 and a quick ratio of 0.81. U.S. Bancorp has a 1-year low of $27.27 and a 1-year high of $45.85.

U.S. Bancorp (NYSE:USBGet Free Report) last announced its earnings results on Wednesday, January 17th. The financial services provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.28. The firm had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $6.85 billion. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. U.S. Bancorp’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.20 EPS. As a group, equities analysts anticipate that U.S. Bancorp will post 3.88 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date is Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 59.76%.

U.S. Bancorp Company Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.