Everett Harris & Co. CA Has $1.26 Million Position in U.S. Bancorp (NYSE:USB)

Everett Harris & Co. CA lessened its stake in shares of U.S. Bancorp (NYSE:USB) by 14.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 29,067 shares of the financial services provider’s stock after selling 5,024 shares during the quarter. Everett Harris & Co. CA’s holdings in U.S. Bancorp were worth $1,258,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. CGC Financial Services LLC bought a new position in U.S. Bancorp during the 4th quarter worth $25,000. BKM Wealth Management LLC acquired a new stake in U.S. Bancorp in the 4th quarter worth about $26,000. Planned Solutions Inc. bought a new stake in U.S. Bancorp in the 4th quarter valued at about $27,000. Legacy Financial Group LLC acquired a new position in shares of U.S. Bancorp during the 3rd quarter worth approximately $30,000. Finally, First Command Advisory Services Inc. bought a new position in shares of U.S. Bancorp during the third quarter worth approximately $35,000. Institutional investors own 77.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on USB. Wells Fargo & Company increased their price target on U.S. Bancorp from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, December 14th. Robert W. Baird cut U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $52.00 price target on the stock. in a research report on Friday, December 15th. Evercore ISI upped their price objective 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. HSBC raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and raised their target price for the company from $47.00 to $53.00 in a report on Thursday. Finally, Compass Point raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their price target for the stock from $46.00 to $49.00 in a report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, U.S. Bancorp has an average rating of “Hold” and an average target price of $46.41.

Insider Activity

In other news, EVP James L. Chosy sold 21,582 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the transaction, the executive vice president now owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the transaction, the executive vice president now directly owns 164,880 shares in the company, valued at approximately $6,837,573.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Timothy A. Welsh sold 12,100 shares of U.S. Bancorp stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $40.33, for a total transaction of $487,993.00. Following the completion of the sale, the insider now owns 106,958 shares of the company’s stock, valued at $4,313,616.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,265 shares of company stock valued at $2,535,903. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Price Performance

USB stock traded up $0.69 during mid-day trading on Thursday, hitting $44.69. 7,594,784 shares of the stock were exchanged, compared to its average volume of 9,094,184. The business has a fifty day moving average price of $41.98 and a 200 day moving average price of $38.84. The stock has a market capitalization of $69.63 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 2.24 and a beta of 1.04. U.S. Bancorp has a 12 month low of $27.27 and a 12 month high of $45.85. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.81 and a quick ratio of 0.81.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.71 by $0.28. The firm had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.85 billion. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the firm posted $1.20 earnings per share. On average, sell-side analysts anticipate that U.S. Bancorp will post 3.89 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be given a $0.49 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.39%. U.S. Bancorp’s payout ratio is currently 59.76%.

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.