U.S. Bancorp (NYSE:USB) Stake Lessened by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC cut its stake in U.S. Bancorp (NYSE:USB) by 27.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,685 shares of the financial services provider’s stock after selling 2,109 shares during the period. Capital Investment Advisory Services LLC’s holdings in U.S. Bancorp were worth $246,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in USB. CGC Financial Services LLC bought a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $25,000. BKM Wealth Management LLC bought a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $26,000. Planned Solutions Inc. bought a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $27,000. Legacy Financial Group LLC bought a new position in shares of U.S. Bancorp in the third quarter valued at approximately $30,000. Finally, Naples Money Management LLC bought a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $30,000. 77.60% of the stock is currently owned by institutional investors.

Insider Transactions at U.S. Bancorp

In other news, insider Terrance R. Dolan sold 26,583 shares of the stock in a transaction on Tuesday, January 30th. The shares were 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 in the company, valued at approximately $6,255,515.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Terrance R. Dolan sold 26,583 shares of the stock in a transaction on Tuesday, January 30th. The shares were 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 in the company, valued at approximately $6,255,515.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP James L. Chosy sold 21,582 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the transaction, the executive vice president now owns 164,880 shares in the company, valued at approximately $6,837,573.60. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.

U.S. Bancorp Stock Up 1.6 %

USB stock opened at $41.61 on Thursday. U.S. Bancorp has a 12-month low of $27.27 and a 12-month high of $45.85. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07. The company has a market cap of $64.83 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 2.12 and a beta of 1.05. The company has a 50 day moving average of $42.36 and a two-hundred day moving average of $40.04.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the prior year, the business posted $1.16 EPS. U.S. Bancorp’s quarterly revenue was down 6.4% on a year-over-year basis. On average, equities analysts anticipate that U.S. Bancorp will post 3.86 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 4.71%. U.S. Bancorp’s dividend payout ratio (DPR) is 64.90%.

Analysts Set New Price Targets

USB has been the subject of a number of research reports. Royal Bank of Canada raised their target price on shares of U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. Compass Point upgraded shares of 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 report on Friday, March 22nd. Evercore ISI raised their target price on shares of U.S. Bancorp from $46.00 to $48.00 and gave the stock an “in-line” rating in a report on Thursday, March 28th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $45.00 target price (down from $52.00) on shares of U.S. Bancorp in a report on Thursday, April 18th. Finally, StockNews.com cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $46.14.

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.