U.S. Bancorp (USB) Shares Sold by Family Management Corp

Family Management Corp trimmed its position in U.S. Bancorp (NYSE:USB) by 3.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,640 shares of the financial services provider’s stock after selling 3,445 shares during the period. U.S. Bancorp makes up approximately 3.3% of Family Management Corp’s portfolio, making the stock its 10th biggest position. Family Management Corp’s holdings in U.S. Bancorp were worth $4,750,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Green Square Capital LLC increased its position in U.S. Bancorp by 0.4% in the 2nd quarter. Green Square Capital LLC now owns 11,363 shares of the financial services provider’s stock valued at $593,000 after buying an additional 41 shares in the last quarter. KLCM Advisors Inc. increased its position in U.S. Bancorp by 0.4% in the 2nd quarter. KLCM Advisors Inc. now owns 53,241 shares of the financial services provider’s stock valued at $2,764,000 after buying an additional 200 shares in the last quarter. Princeton Portfolio Strategies Group LLC increased its position in U.S. Bancorp by 3.3% in the 2nd quarter. Princeton Portfolio Strategies Group LLC now owns 6,173 shares of the financial services provider’s stock valued at $321,000 after buying an additional 200 shares in the last quarter. Nicholas Hoffman & Company LLC. increased its position in U.S. Bancorp by 1.6% in the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 19,992 shares of the financial services provider’s stock valued at $1,038,000 after buying an additional 310 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC increased its position in U.S. Bancorp by 1.7% in the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 21,624 shares of the financial services provider’s stock valued at $1,123,000 after buying an additional 370 shares in the last quarter. 74.20% of the stock is owned by institutional investors and hedge funds.

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In related news, Vice Chairman P.W. Parker sold 98,485 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $55.95, for a total value of $5,510,235.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Gillern Jeffry H. Von sold 13,641 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $55.02, for a total value of $750,527.82. Following the completion of the transaction, the insider now owns 126,387 shares in the company, valued at approximately $6,953,812.74. The disclosure for this sale can be found here. Insiders sold a total of 168,016 shares of company stock worth $9,356,775 in the last 90 days. Company insiders own 0.43% of the company’s stock.

U.S. Bancorp (NYSE:USB) opened at $52.80 on Tuesday. U.S. Bancorp has a 12 month low of $49.53 and a 12 month high of $58.50. The firm has a market capitalization of $87,980.30, a P/E ratio of 15.00, a PEG ratio of 1.75 and a beta of 0.89. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.73.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. U.S. Bancorp had a return on equity of 13.89% and a net margin of 25.91%. The firm had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter in the previous year, the business earned $0.82 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. research analysts forecast that U.S. Bancorp will post 4.05 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.27%. U.S. Bancorp’s payout ratio is presently 34.09%.

A number of analysts have commented on the company. Deutsche Bank raised U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $60.00 to $63.00 in a report on Thursday, January 25th. Oppenheimer reissued a “hold” rating on shares of U.S. Bancorp in a report on Wednesday, January 17th. Jefferies Group reissued a “buy” rating and set a $63.00 price objective on shares of U.S. Bancorp in a report on Monday, January 8th. Piper Jaffray Companies raised U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $61.00 price objective for the company in a report on Friday, January 5th. Finally, UBS lowered U.S. Bancorp from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $58.00 to $60.00 in a report on Tuesday, December 12th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $58.64.

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U.S. Bancorp Company Profile

U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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