U.S. Bancorp (NYSE:USB) Position Reduced by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC lowered its stake in U.S. Bancorp (NYSE:USB) by 34.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 94,610 shares of the financial services provider’s stock after selling 50,800 shares during the period. ArrowMark Colorado Holdings LLC’s holdings in U.S. Bancorp were worth $4,525,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of USB. FIL Ltd raised its stake in U.S. Bancorp by 42.0% during the fourth quarter. FIL Ltd now owns 28,872 shares of the financial services provider’s stock valued at $1,381,000 after buying an additional 8,542 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of U.S. Bancorp during the 4th quarter valued at approximately $1,018,000. Vanguard Group Inc. raised its position in shares of U.S. Bancorp by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider’s stock valued at $6,640,569,000 after acquiring an additional 1,079,056 shares in the last quarter. M&T Bank Corp boosted its holdings in U.S. Bancorp by 36.9% in the fourth quarter. M&T Bank Corp now owns 1,158,848 shares of the financial services provider’s stock worth $55,427,000 after purchasing an additional 312,504 shares during the period. Finally, D.A. Davidson & CO. increased its stake in U.S. Bancorp by 11.3% during the fourth quarter. D.A. Davidson & CO. now owns 380,767 shares of the financial services provider’s stock valued at $18,212,000 after purchasing an additional 38,802 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on USB. Oppenheimer boosted their price objective on shares of U.S. Bancorp from $57.00 to $59.00 and gave the company an “outperform” rating in a research report on Monday, April 28th. The Goldman Sachs Group dropped their price target on U.S. Bancorp from $51.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Wolfe Research upgraded U.S. Bancorp from a “peer perform” rating to an “outperform” rating and set a $49.00 price objective for the company in a research report on Thursday, April 3rd. Bank of America dropped their target price on U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. Finally, Raymond James reissued an “outperform” rating and set a $51.00 price target (down previously from $57.00) on shares of U.S. Bancorp in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $50.48.

Insiders Place Their Bets

In other news, insider Terrance R. Dolan sold 66,317 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the sale, the insider now owns 209,482 shares in the company, valued at $9,837,274.72. The trade was a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Aleem Gillani purchased 5,000 shares of U.S. Bancorp stock in a transaction that occurred on Monday, April 21st. The stock was purchased at an average price of $37.32 per share, with a total value of $186,600.00. Following the transaction, the director now owns 15,000 shares in the company, valued at $559,800. This represents a 50.00 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 219,812 shares of company stock worth $10,385,665. 0.23% of the stock is owned by insiders.

U.S. Bancorp Stock Up 2.4 %

Shares of USB stock opened at $41.47 on Friday. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The business’s fifty day moving average is $41.14 and its 200-day moving average is $46.38. The stock has a market cap of $64.61 billion, a PE ratio of 10.94, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same period in the previous year, the company earned $0.78 earnings per share. Equities analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors 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 4.82%. The ex-dividend date was Monday, March 31st. U.S. Bancorp’s payout ratio is 49.50%.

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.