U.S. Bancorp (NYSE:USB) Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY reduced its position in U.S. Bancorp (NYSE:USB) by 16.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 645,787 shares of the financial services provider’s stock after selling 130,657 shares during the period. Miller Howard Investments Inc. NY’s holdings in U.S. Bancorp were worth $27,265,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brighton Jones LLC grew its stake in shares of U.S. Bancorp by 323.0% in the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock valued at $2,309,000 after buying an additional 36,863 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of U.S. Bancorp in the 4th quarter worth about $5,986,000. SVB Wealth LLC acquired a new position in U.S. Bancorp in the fourth quarter valued at approximately $367,000. Smartleaf Asset Management LLC increased its position in U.S. Bancorp by 10.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 13,736 shares of the financial services provider’s stock worth $663,000 after buying an additional 1,281 shares during the period. Finally, SRS Capital Advisors Inc. lifted its position in U.S. Bancorp by 788.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 4,691 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 4,163 shares during the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Aleem Gillani purchased 5,000 shares of U.S. Bancorp stock in a transaction on Monday, April 21st. The shares were purchased at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the transaction, the director directly owned 15,000 shares in the company, valued at approximately $559,800. This represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Up 0.3%

Shares of USB stock opened at $46.64 on Wednesday. The stock has a 50 day moving average of $43.23 and a 200-day moving average of $44.43. The firm has a market cap of $72.67 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.70 and a beta of 0.99. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. The business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.92 billion. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. During the same period last year, the business earned $0.78 earnings per share. On average, equities analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.50 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.29%. U.S. Bancorp’s payout ratio is presently 49.50%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on USB shares. Citigroup reduced their price target on U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Cowen assumed coverage on U.S. Bancorp in a report on Wednesday, May 14th. They issued a “buy” rating on the stock. Barclays dropped their target price on shares of U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Evercore ISI upped their price target on U.S. Bancorp from $44.00 to $49.00 and gave the company an “in-line” rating in a research report on Wednesday, June 4th. Finally, Royal Bank Of Canada cut their target price on shares of U.S. Bancorp from $57.00 to $50.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $50.72.

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.