U.S. Bancorp (NYSE:USB) Shares Sold by PDS Planning Inc

PDS Planning Inc cut its stake in shares of U.S. Bancorp (NYSE:USB) by 5.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,913 shares of the financial services provider’s stock after selling 435 shares during the period. PDS Planning Inc’s holdings in U.S. Bancorp were worth $299,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in USB. CGC Financial Services LLC acquired a new position in shares of U.S. Bancorp in the 4th quarter valued at $25,000. BKM Wealth Management LLC acquired a new position in U.S. Bancorp in the 4th quarter valued at $26,000. Planned Solutions Inc. purchased a new stake in shares of U.S. Bancorp during the 4th quarter worth $27,000. Legacy Financial Group LLC purchased a new stake in shares of U.S. Bancorp during the 3rd quarter worth $30,000. Finally, Naples Money Management LLC purchased a new stake in shares of U.S. Bancorp during the 4th quarter worth $30,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on USB. Barclays decreased their price objective on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Morgan Stanley increased their target price on shares of U.S. Bancorp from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $45.00 target price (down from $52.00) on shares of U.S. Bancorp in a research note on Thursday, April 18th. Oppenheimer reduced their price objective on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a research note on Thursday, April 18th. Finally, TheStreet raised U.S. Bancorp from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, U.S. Bancorp presently has a consensus rating of “Hold” and an average price target of $46.14.

U.S. Bancorp Trading Down 0.2 %

Shares of USB stock opened at $40.96 on Wednesday. The company has a market cap of $63.82 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 2.13 and a beta of 1.05. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. The firm has a fifty day moving average price of $42.34 and a 200-day moving average price of $40.03. 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 released its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The firm had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. The company’s revenue was down 6.4% compared to the same quarter last year. As a group, equities analysts predict that U.S. Bancorp will post 3.86 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend was Wednesday, March 27th. U.S. Bancorp’s payout ratio is 64.90%.

Insider Buying and Selling

In other news, insider Terrance R. Dolan sold 26,583 shares of the stock in a transaction dated 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 in the company, valued at approximately $6,255,515.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp stock in a transaction 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 completion of the sale, the executive vice president now 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 through the SEC website. Also, insider Terrance R. Dolan sold 26,583 shares of the business’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 directly owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Company 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.