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

Visionary Wealth Advisors decreased its position in U.S. Bancorp (NYSE:USB) by 14.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of U.S. Bancorp during the 4th quarter worth about $777,524,000. Invesco Ltd. raised its stake in shares of U.S. Bancorp by 48.1% in the 4th quarter. Invesco Ltd. now owns 16,787,513 shares of the financial services provider’s stock valued at $802,947,000 after acquiring an additional 5,449,949 shares during the period. Marshall Wace LLP lifted its holdings in shares of U.S. Bancorp by 414.1% in the 4th quarter. Marshall Wace LLP now owns 5,789,565 shares of the financial services provider’s stock worth $276,915,000 after acquiring an additional 4,663,518 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $184,733,000. Finally, FMR LLC raised its position in U.S. Bancorp by 5.0% in the fourth quarter. FMR LLC now owns 67,125,746 shares of the financial services provider’s stock valued at $3,210,624,000 after purchasing an additional 3,211,815 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

NYSE:USB opened at $44.40 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The firm has a market cap 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. The firm’s fifty day moving average price is $40.92 and its 200 day moving average price is $45.95. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98.

U.S. Bancorp (NYSE:USB) last issued its quarterly 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. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates 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 period in the previous year, the business posted $0.78 earnings per share. On average, sell-side analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.50%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 49.50%.

Insiders Place Their Bets

In related news, Director Aleem Gillani purchased 5,000 shares of the stock in a transaction dated Monday, April 21st. The shares were acquired at an average cost of $37.32 per share, with a total value of $186,600.00. Following the purchase, the director now directly owns 15,000 shares in the company, valued at $559,800. This trade represents a 50.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently commented on USB. Royal Bank of Canada dropped their price objective on U.S. Bancorp from $57.00 to $50.00 and set an “outperform” rating for the company in a research note on Thursday, April 17th. Cowen assumed coverage on U.S. Bancorp in a research report on Wednesday, May 14th. They issued a “buy” rating for the company. Wolfe Research upgraded shares of U.S. Bancorp from a “peer perform” rating to an “outperform” rating and set a $49.00 price target for the company in a research note on Thursday, April 3rd. TD Cowen started coverage on U.S. Bancorp in a research note on Thursday, May 15th. They set a “buy” rating and a $60.00 target price for the company. Finally, Citigroup decreased their price objective on U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $50.89.

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.