Procyon Advisors LLC Increases Holdings in U.S. Bancorp (NYSE:USB)

Procyon Advisors LLC boosted its stake in U.S. Bancorp (NYSE:USB) by 36.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 22,164 shares of the financial services provider’s stock after buying an additional 5,924 shares during the period. Procyon Advisors LLC’s holdings in U.S. Bancorp were worth $959,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of U.S. Bancorp by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock worth $4,513,127,000 after buying an additional 6,479,642 shares during the last quarter. BlackRock Inc. grew its position in shares of U.S. Bancorp by 6.0% in the 2nd quarter. BlackRock Inc. now owns 110,704,962 shares of the financial services provider’s stock worth $3,657,692,000 after buying an additional 6,307,085 shares during the last quarter. Mufg Bank LTD. grew its position in shares of U.S. Bancorp by 54.1% in the 3rd quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock worth $2,260,450,000 after buying an additional 24,000,000 shares during the last quarter. State Street Corp boosted its position in shares of U.S. Bancorp by 4.0% during the second quarter. State Street Corp now owns 60,462,681 shares of the financial services provider’s stock valued at $2,026,405,000 after purchasing an additional 2,300,777 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its position in shares of U.S. Bancorp by 130,768.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 60,273,882 shares of the financial services provider’s stock valued at $2,628,544,000 after purchasing an additional 60,227,825 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

USB has been the subject of a number of recent research reports. HSBC upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their price objective for the company from $47.00 to $53.00 in a research note on Thursday. Odeon Capital Group upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $48.93 price target for the company in a research note on Thursday, December 14th. Morgan Stanley upped their price objective on U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. Oppenheimer reduced their price objective on U.S. Bancorp from $61.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday, March 19th. Finally, TheStreet upgraded U.S. Bancorp from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $46.33.

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 of the company’s stock, valued at approximately $4,313,616.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Terrance R. Dolan sold 26,583 shares of the firm’s stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Timothy A. Welsh sold 12,100 shares of the firm’s 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 completion of the transaction, the insider now owns 106,958 shares of the company’s stock, 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 valued at $2,535,903. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Trading Up 1.1 %

NYSE:USB traded up $0.47 during midday trading on Thursday, hitting $44.47. The stock had a trading volume of 1,180,437 shares, compared to its average volume of 8,984,954. U.S. Bancorp has a one year low of $27.27 and a one year high of $45.85. The company has a market capitalization of $69.29 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 2.24 and a beta of 1.04. The stock has a 50-day moving average of $41.92 and a 200 day moving average of $38.80. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.05.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $6.85 billion. During the same quarter in the prior year, the firm earned $1.20 earnings per share. U.S. Bancorp’s revenue was up 6.2% compared to the same quarter last year. As a group, sell-side analysts forecast that U.S. Bancorp will post 3.89 EPS for the current year.

U.S. Bancorp Announces Dividend

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 given a dividend of $0.49 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.41%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 59.76%.

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.