U.S. Bancorp (NYSE:USB) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC lowered its position in shares of U.S. Bancorp (NYSE:USB) by 67.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,967 shares of the financial services provider’s stock after selling 6,076 shares during the quarter. Sentry Investment Management LLC’s holdings in U.S. Bancorp were worth $128,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of USB. CGC Financial Services LLC acquired a new position in U.S. Bancorp in the fourth quarter worth $25,000. BKM Wealth Management LLC acquired a new position in U.S. Bancorp during the 4th quarter valued at approximately $26,000. Planned Solutions Inc. bought a new position in shares of U.S. Bancorp during the fourth quarter worth about $27,000. Legacy Financial Group LLC bought a new position in U.S. Bancorp in the 3rd quarter worth about $30,000. Finally, Compass Wealth Management LLC bought a new position in U.S. Bancorp in the 4th quarter worth approximately $39,000. Institutional investors own 77.60% of the company’s stock.

Insider Activity

In other news, EVP James L. Chosy sold 21,582 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The sale was disclosed in a document filed with the SEC, which is available at 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 sale, 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 is accessible through this link. Also, insider Terrance R. Dolan sold 26,583 shares of the company’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 transaction, the insider now owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $39.52 on Thursday. The stock’s fifty day simple moving average is $42.33 and its 200-day simple moving average is $39.72. The company has a market capitalization of $61.58 billion, a price-to-earnings ratio of 12.05, a P/E/G ratio of 2.12 and a beta of 1.05. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.05. U.S. Bancorp has a 1-year low of $27.27 and a 1-year high of $45.85.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.28. The business had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.85 billion. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 earnings per share. On average, sell-side analysts predict that U.S. Bancorp will post 3.87 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.96%. The ex-dividend date of this dividend was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio is currently 59.76%.

Wall Street Analyst Weigh In

USB has been the topic of a number of recent analyst reports. Jefferies Financial Group lifted their price objective on shares of U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Stephens downgraded shares of U.S. Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 20th. Evercore ISI increased their price objective on shares of U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. HSBC upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and raised their price objective for the company from $47.00 to $53.00 in a research note on Thursday, March 28th. Finally, Compass Point upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their target price for the stock from $46.00 to $49.00 in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, U.S. Bancorp presently has a consensus rating of “Hold” and an average price target of $47.41.

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.