U.S. Bancorp (NYSE:USB) Stake Lowered by Personal CFO Solutions LLC

Personal CFO Solutions LLC decreased its position in shares of U.S. Bancorp (NYSE:USB) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,224 shares of the financial services provider’s stock after selling 907 shares during the period. Personal CFO Solutions LLC’s holdings in U.S. Bancorp were worth $728,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in USB. Principal Financial Group Inc. raised its holdings in shares of U.S. Bancorp by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,763,816 shares of the financial services provider’s stock valued at $80,659,000 after purchasing an additional 75,104 shares in the last quarter. CWA Asset Management Group LLC bought a new position in U.S. Bancorp during the third quarter valued at about $249,000. Verdence Capital Advisors LLC raised its holdings in U.S. Bancorp by 12.8% during the third quarter. Verdence Capital Advisors LLC now owns 46,916 shares of the financial services provider’s stock valued at $2,145,000 after buying an additional 5,308 shares in the last quarter. Essex Savings Bank raised its stake in shares of U.S. Bancorp by 2.9% in the 3rd quarter. Essex Savings Bank now owns 12,134 shares of the financial services provider’s stock valued at $555,000 after acquiring an additional 344 shares in the last quarter. Finally, Atria Investments Inc raised its stake in shares of U.S. Bancorp by 14.4% in the 3rd quarter. Atria Investments Inc now owns 284,832 shares of the financial services provider’s stock valued at $13,025,000 after acquiring an additional 35,946 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Activity

In other U.S. Bancorp news, EVP James L. Chosy sold 21,451 shares of U.S. Bancorp stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total transaction of $1,022,140.15. Following the transaction, the executive vice president now directly owns 198,127 shares of the company’s stock, valued at $9,440,751.55. The trade was a 9.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Cecere sold 102,044 shares of U.S. Bancorp stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the transaction, the chief executive officer now directly owns 1,230,316 shares in the company, valued at $58,132,431. This represents a 7.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 219,812 shares of company stock worth $10,385,665. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. DA Davidson raised U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their price objective for the company from $58.00 to $60.00 in a research note on Thursday, January 2nd. Morgan Stanley dropped their price objective on U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Wells Fargo & Company boosted their target price on shares of U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Raymond James upgraded U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a research note on Thursday, December 19th. Finally, Barclays boosted their price objective on U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.21.

U.S. Bancorp Stock Performance

U.S. Bancorp stock opened at $44.77 on Monday. The company has a market capitalization of $69.84 billion, a P/E ratio of 11.81, a P/E/G ratio of 1.73 and a beta of 1.02. The business has a 50 day moving average of $47.54 and a 200-day moving average of $47.93. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business posted $0.99 EPS. On average, equities research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.47%. U.S. Bancorp’s dividend payout ratio is currently 52.77%.

About U.S. Bancorp

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.