U.S. Bancorp (NYSE:USB) Shares Sold by BOS Asset Management LLC

BOS Asset Management LLC cut its holdings in U.S. Bancorp (NYSE:USB) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,543 shares of the financial services provider’s stock after selling 536 shares during the period. U.S. Bancorp comprises about 1.6% of BOS Asset Management LLC’s holdings, making the stock its 17th largest position. BOS Asset Management LLC’s holdings in U.S. Bancorp were worth $4,331,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in USB. Norges Bank acquired a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $777,524,000. Invesco Ltd. grew its stake in U.S. Bancorp by 48.1% in the 4th quarter. Invesco Ltd. now owns 16,787,513 shares of the financial services provider’s stock worth $802,947,000 after acquiring an additional 5,449,949 shares during the period. Franklin Resources Inc. raised its holdings in U.S. Bancorp by 153.0% in the 3rd quarter. Franklin Resources Inc. now owns 7,949,347 shares of the financial services provider’s stock valued at $374,573,000 after acquiring an additional 4,807,662 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of U.S. Bancorp by 414.1% during the 4th quarter. Marshall Wace LLP now owns 5,789,565 shares of the financial services provider’s stock worth $276,915,000 after purchasing an additional 4,663,518 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth $184,733,000. 77.60% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at U.S. Bancorp

In related news, CEO Andrew Cecere sold 102,044 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the completion of the sale, the chief executive officer now owns 1,230,316 shares of the company’s stock, valued at $58,132,431. This represents a 7.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Terrance R. Dolan sold 66,317 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the completion of the transaction, the insider now directly owns 209,482 shares in the company, valued at $9,837,274.72. This represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 219,812 shares of company stock worth $10,385,665. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Stock Up 1.0 %

USB stock opened at $38.21 on Friday. The company has a market capitalization of $59.53 billion, a P/E ratio of 10.08, a PEG ratio of 1.73 and a beta of 0.91. The firm has a 50 day simple moving average of $42.55 and a 200-day simple moving average of $46.77. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.06. The company had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.92 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. During the same period last year, the business earned $0.78 EPS. On average, equities research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date was Monday, March 31st. U.S. Bancorp’s dividend payout ratio is presently 52.77%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on USB shares. The Goldman Sachs Group decreased their price target on U.S. Bancorp from $51.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Wolfe Research raised shares of U.S. Bancorp from a “peer perform” rating to an “outperform” rating and set a $49.00 target price on the stock in a research report on Thursday, April 3rd. Raymond James reaffirmed an “outperform” rating and set a $51.00 price target (down previously from $57.00) on shares of U.S. Bancorp in a research report on Thursday. Royal Bank of Canada decreased their price target on shares of U.S. Bancorp from $57.00 to $50.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Citigroup cut their target price on U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.66.

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.