LVM Capital Management Ltd. MI Has $245,000 Stock Position in U.S. Bancorp (NYSE:USB)

LVM Capital Management Ltd. MI cut its holdings in U.S. Bancorp (NYSE:USB) by 75.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,116 shares of the financial services provider’s stock after selling 15,608 shares during the quarter. LVM Capital Management Ltd. MI’s holdings in U.S. Bancorp were worth $245,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. First Hawaiian Bank boosted its position in shares of U.S. Bancorp by 37.3% during the 4th quarter. First Hawaiian Bank now owns 37,361 shares of the financial services provider’s stock worth $1,787,000 after purchasing an additional 10,145 shares in the last quarter. InvesTrust bought a new position in U.S. Bancorp in the fourth quarter worth approximately $6,516,000. International Assets Investment Management LLC acquired a new stake in U.S. Bancorp in the fourth quarter valued at approximately $1,018,000. One Wealth Capital Management LLC bought a new stake in shares of U.S. Bancorp during the fourth quarter valued at approximately $238,000. Finally, First County Bank CT raised its position in shares of U.S. Bancorp by 3.6% during the fourth quarter. First County Bank CT now owns 19,335 shares of the financial services provider’s stock worth $925,000 after purchasing an additional 680 shares during the period. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $47.45 on Friday. U.S. Bancorp has a 12 month low of $37.81 and a 12 month high of $53.98. The stock has a market capitalization of $74.02 billion, a P/E ratio of 14.51, a PEG ratio of 3.01 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 1.04. The firm’s 50 day moving average is $50.20 and its 200 day moving average is $46.46.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. The firm had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.90 billion. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period last year, the company earned $1.05 earnings per share. On average, sell-side analysts anticipate that U.S. Bancorp will post 3.93 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.21%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 61.16%.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $49.03, for a total value of $1,225,750.00. Following the completion of the transaction, the insider now directly owns 129,790 shares of the company’s stock, valued at $6,363,603.70. This trade represents a 16.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Barclays lifted their price target on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Morgan Stanley upgraded shares of U.S. Bancorp from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $54.00 to $57.00 in a report on Monday, September 30th. Raymond James raised U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a report on Thursday, December 19th. Compass Point raised their target price on U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft lowered U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price target for the company. in a research report on Thursday, October 24th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, U.S. Bancorp currently has an average rating of “Hold” and a consensus target price of $54.07.

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.