River Road Asset Management LLC Sells 521,336 Shares of U.S. Bancorp (NYSE:USB)

River Road Asset Management LLC reduced its holdings in shares of U.S. Bancorp (NYSE:USB) by 49.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 527,765 shares of the financial services provider’s stock after selling 521,336 shares during the quarter. River Road Asset Management LLC’s holdings in U.S. Bancorp were worth $22,842,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in U.S. Bancorp by 5.0% during 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 purchasing an additional 6,479,642 shares in the last quarter. Mufg Bank LTD. boosted its position in shares of U.S. Bancorp by 54.1% during the third quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock valued at $2,260,450,000 after buying an additional 24,000,000 shares during the last quarter. Moneta Group Investment Advisors LLC grew its holdings in 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 worth $2,628,544,000 after buying an additional 60,227,825 shares in the last quarter. FMR LLC raised its position in U.S. Bancorp by 1.8% in the 3rd quarter. FMR LLC now owns 37,470,199 shares of the financial services provider’s stock valued at $1,238,765,000 after buying an additional 674,583 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in U.S. Bancorp by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,120,947 shares of the financial services provider’s stock valued at $1,028,859,000 after acquiring an additional 1,610,004 shares in the last quarter. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Trading Down 1.0 %

Shares of U.S. Bancorp stock opened at $39.11 on Thursday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $60.94 billion, a P/E ratio of 12.05, a P/E/G ratio of 2.12 and a beta of 1.05. U.S. Bancorp has a 52-week low of $27.27 and a 52-week high of $45.85. The stock’s 50-day simple moving average is $42.33 and its 200 day simple moving average is $39.72.

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

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $0.49 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 5.01%. U.S. Bancorp’s dividend payout ratio is currently 59.76%.

Insider Transactions at U.S. Bancorp

In related news, EVP James L. Chosy sold 21,582 shares of the business’s 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 sale, the executive vice president now directly owns 164,880 shares in the company, valued at approximately $6,837,573.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the transaction, the executive vice president now owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Terrance R. Dolan sold 26,583 shares of the company’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 sale, the insider now owns 144,236 shares in the company, valued at $6,255,515.32. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on USB shares. StockNews.com lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. HSBC raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and upped their price objective for the stock from $47.00 to $53.00 in a research report on Thursday, March 28th. Barclays lifted their target price on shares of U.S. Bancorp from $48.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Royal Bank of Canada boosted their target price on U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. Finally, Keefe, Bruyette & Woods downgraded U.S. Bancorp from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $52.00 to $45.00 in a research report on Thursday. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $47.09.

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.