Visionary Wealth Advisors Reduces Stock Holdings in U.S. Bancorp (NYSE:USB)

Visionary Wealth Advisors cut its holdings in U.S. Bancorp (NYSE:USB) by 14.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,637 shares of the financial services provider’s stock after selling 2,866 shares during the period. Visionary Wealth Advisors’ holdings in U.S. Bancorp were worth $796,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in USB. FIL Ltd raised its position in shares of U.S. Bancorp by 42.0% during the 4th quarter. FIL Ltd now owns 28,872 shares of the financial services provider’s stock worth $1,381,000 after purchasing an additional 8,542 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of U.S. Bancorp by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider’s stock worth $6,640,569,000 after acquiring an additional 1,079,056 shares during the last quarter. M&T Bank Corp lifted its position in shares of 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 valued at $55,427,000 after acquiring an additional 312,504 shares in the last quarter. D.A. Davidson & CO. boosted its stake in shares of 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 acquiring an additional 38,802 shares during the last quarter. Finally, Swedbank AB increased its position in U.S. Bancorp by 2.4% during the 4th quarter. Swedbank AB now owns 554,489 shares of the financial services provider’s stock worth $26,521,000 after purchasing an additional 13,223 shares in the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other U.S. Bancorp news, Director Aleem Gillani acquired 5,000 shares of U.S. Bancorp stock in a transaction dated Monday, April 21st. The stock was bought at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $559,800. This trade represents a 50.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on USB shares. Bank of America decreased their price target on shares of U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. Keefe, Bruyette & Woods cut their price target on U.S. Bancorp from $54.00 to $49.00 and set a “market perform” rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $43.50 price target (down previously from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. Oppenheimer upped their target price on U.S. Bancorp from $57.00 to $59.00 and gave the company an “outperform” rating in a research note on Monday, April 28th. Finally, Morgan Stanley decreased their price target on U.S. Bancorp from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $50.89.

U.S. Bancorp Price Performance

Shares of USB opened at $44.40 on Wednesday. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The stock’s fifty day moving average is $40.92 and its 200-day moving average is $45.95. 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 firm has a market capitalization of $69.18 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97.

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

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.50 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.50%. U.S. Bancorp’s dividend payout ratio (DPR) 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.