U.S. Bancorp (NYSE:USB) Shares Sold by Paladin Advisory Group LLC

Paladin Advisory Group LLC reduced its position in U.S. Bancorp (NYSE:USB) by 22.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,885 shares of the financial services provider’s stock after selling 2,237 shares during the period. Paladin Advisory Group LLC’s holdings in U.S. Bancorp were worth $341,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. CGC Financial Services LLC acquired a new position in U.S. Bancorp during the 4th quarter worth approximately $25,000. BKM Wealth Management LLC acquired a new position in U.S. Bancorp during the 4th quarter worth approximately $26,000. Planned Solutions Inc. acquired a new position in U.S. Bancorp during the 4th quarter worth approximately $27,000. Legacy Financial Group LLC acquired a new position in U.S. Bancorp during the 3rd quarter worth approximately $30,000. Finally, First Command Advisory Services Inc. acquired a new position in U.S. Bancorp during the 3rd quarter worth approximately $35,000. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Stock Up 2.6 %

NYSE:USB traded up $1.01 during trading hours on Friday, hitting $40.45. 12,037,614 shares of the company’s stock traded hands, compared to its average volume of 8,840,654. The firm has a market cap of $63.03 billion, a P/E ratio of 13.36, a P/E/G ratio of 2.04 and a beta of 1.05. U.S. Bancorp has a twelve month low of $27.27 and a twelve month high of $45.85. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. The stock’s fifty day moving average price is $42.31 and its two-hundred day moving average price is $39.72.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.01. The company had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The firm’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.16 EPS. On average, research analysts expect that U.S. Bancorp will post 3.87 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 4.85%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Royal Bank of Canada boosted their price target on U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. TheStreet upgraded U.S. Bancorp from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. HSBC upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their price target for the stock from $47.00 to $53.00 in a research report on Thursday, March 28th. Oppenheimer reduced their price target on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $45.00 price target (down previously from $52.00) on shares of U.S. Bancorp in a research report on Thursday. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.68.

Insider Activity at U.S. Bancorp

In related news, insider Terrance R. Dolan sold 26,583 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the sale, the insider now owns 144,236 shares in the company, valued at approximately $6,255,515.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the company’s 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Terrance R. Dolan sold 26,583 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total value of $1,152,904.71. Following the completion of the transaction, the insider now directly owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Company 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.