U.S. Bancorp (NYSE:USB) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in shares of U.S. Bancorp (NYSE:USB) by 3.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 235,678 shares of the financial services provider’s stock after selling 8,262 shares during the period. Yousif Capital Management LLC’s holdings in U.S. Bancorp were worth $10,200,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. CGC Financial Services LLC bought a new position in shares of U.S. Bancorp during the fourth quarter worth about $25,000. BKM Wealth Management LLC bought a new position in U.S. Bancorp in the fourth quarter worth about $26,000. Planned Solutions Inc. bought a new stake in shares of U.S. Bancorp during the fourth quarter valued at approximately $27,000. Naples Money Management LLC bought a new stake in shares of U.S. Bancorp during the fourth quarter valued at approximately $30,000. Finally, Legacy Financial Group LLC bought a new stake in shares of U.S. Bancorp during the third quarter valued at approximately $30,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on USB. Evercore ISI lifted their price target on shares of U.S. Bancorp from $46.00 to $48.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. Oppenheimer cut their price objective on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a research report on Thursday, April 18th. DA Davidson cut their price objective on shares of U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Morgan Stanley upped their price objective on shares of 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. Finally, TheStreet raised shares of 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, fourteen have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, U.S. Bancorp presently has an average rating of “Hold” and an average price target of $46.14.

Insider Buying and Selling at U.S. Bancorp

In related news, insider Terrance R. Dolan sold 26,583 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the sale, the insider now owns 144,236 shares in the company, valued at $6,255,515.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related 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 transaction of $1,152,904.71. Following the sale, the insider now owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James L. Chosy sold 21,582 shares of the 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 in the company, valued at approximately $6,837,573.60. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of USB traded up $0.64 during midday trading on Wednesday, reaching $41.61. The stock had a trading volume of 6,401,262 shares, compared to its average volume of 8,757,487. The firm has a market cap of $64.83 billion, a PE ratio of 13.56, a P/E/G ratio of 2.13 and a beta of 1.05. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. The firm has a 50 day simple moving average of $42.34 and a 200-day simple moving average of $40.03. U.S. Bancorp has a one year low of $27.27 and a one year high of $45.85.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share 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 company had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter last year, the firm earned $1.16 earnings per share. The company’s revenue was down 6.4% on a year-over-year basis. As a group, sell-side analysts anticipate that U.S. Bancorp will post 3.86 EPS for the current year.

U.S. Bancorp Dividend Announcement

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

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.