SignalPoint Asset Management LLC cut its position in shares of U.S. Bancorp (NYSE:USB) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,063 shares of the financial services provider’s stock after selling 250 shares during the period. SignalPoint Asset Management LLC’s holdings in U.S. Bancorp were worth $1,374,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of USB. Ipswich Investment Management Co. Inc. bought a new stake in U.S. Bancorp during the 4th quarter valued at $49,000. Contravisory Investment Management Inc. increased its holdings in shares of U.S. Bancorp by 621.3% in the 4th quarter. Contravisory Investment Management Inc. now owns 1,118 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 963 shares during the period. Vectors Research Management LLC purchased a new position in shares of U.S. Bancorp in the 3rd quarter valued at $101,000. Stelac Advisory Services LLC purchased a new position in shares of U.S. Bancorp in the 3rd quarter valued at $103,000. Finally, Highwater Wealth Management LLC purchased a new position in shares of U.S. Bancorp in the 4th quarter valued at $134,000. 75.16% of the stock is owned by institutional investors and hedge funds.
In related news, Director David B. Omaley sold 10,902 shares of the business’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $53.66, for a total transaction of $585,001.32. Following the transaction, the director now directly owns 212,789 shares in the company, valued at approximately $11,418,257.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Andrew Cecere sold 183,374 shares of the business’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $52.95, for a total value of $9,709,653.30. Following the transaction, the chairman now owns 892,517 shares in the company, valued at $47,258,775.15. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 220,041 shares of company stock worth $11,672,926. 0.43% of the stock is owned by company insiders.
Shares of NYSE:USB opened at $50.14 on Wednesday. U.S. Bancorp has a 12-month low of $43.14 and a 12-month high of $58.50. The firm has a market capitalization of $81.16 billion, a PE ratio of 12.23, a P/E/G ratio of 1.54 and a beta of 1.02. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.91.
U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.01. U.S. Bancorp had a return on equity of 15.64% and a net margin of 27.53%. The firm had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.73 billion. During the same period in the previous year, the business earned $0.88 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, equities research analysts forecast that U.S. Bancorp will post 4.35 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, December 28th. This represents a $1.48 annualized dividend and a yield of 2.95%. U.S. Bancorp’s dividend payout ratio (DPR) is 36.10%.
A number of research analysts have recently issued reports on the company. Zacks Investment Research downgraded U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 11th. ValuEngine downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. Finally, Jefferies Financial Group downgraded U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $58.78.
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U.S. Bancorp Company Profile
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.
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