Brady Family Wealth LLC Sells 1,118 Shares of U.S. Bancorp (NYSE:USB)

Brady Family Wealth LLC cut its holdings in U.S. Bancorp (NYSE:USB) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,406 shares of the financial services provider’s stock after selling 1,118 shares during the period. Brady Family Wealth LLC’s holdings in U.S. Bancorp were worth $1,789,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Citizens Financial Group Inc. RI grew its position in shares of U.S. Bancorp by 251.2% in the second quarter. Citizens Financial Group Inc. RI now owns 20,485 shares of the financial services provider’s stock valued at $813,000 after purchasing an additional 14,652 shares in the last quarter. Renaissance Technologies LLC purchased a new position in U.S. Bancorp during the 2nd quarter valued at about $9,198,000. Edgestream Partners L.P. bought a new stake in shares of U.S. Bancorp during the second quarter valued at about $2,495,000. Mercer Global Advisors Inc. ADV lifted its holdings in shares of U.S. Bancorp by 4.3% in the second quarter. Mercer Global Advisors Inc. ADV now owns 180,386 shares of the financial services provider’s stock worth $7,757,000 after buying an additional 7,481 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of U.S. Bancorp by 6.5% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 234,050 shares of the financial services provider’s stock valued at $9,292,000 after acquiring an additional 14,293 shares during the period. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on USB shares. Royal Bank of Canada set a $53.00 target price on shares of U.S. Bancorp in a report on Thursday, October 17th. Barclays upped their price target on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. DA Davidson upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $58.00 to $60.00 in a research report on Thursday, January 2nd. Compass Point boosted their target price on U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Morgan Stanley raised U.S. Bancorp from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $54.00 to $57.00 in a report on Monday, September 30th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $54.07.

Insider Buying and Selling at U.S. Bancorp

In related news, insider Jodi L. Richard sold 25,000 shares of U.S. Bancorp stock in a transaction on Friday, October 18th. The shares were sold at an average price of $49.03, for a total value of $1,225,750.00. Following the transaction, the insider now directly owns 129,790 shares of the company’s stock, valued at $6,363,603.70. The trade was a 16.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp Price Performance

USB stock opened at $50.92 on Thursday. The firm has a market cap of $79.44 billion, a P/E ratio of 15.57, a P/E/G ratio of 2.47 and a beta of 1.05. The firm’s fifty day moving average is $50.25 and its 200 day moving average is $46.68. U.S. Bancorp has a 52 week low of $37.81 and a 52 week high of $53.98. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The firm had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $7 billion. During the same period last year, the firm earned $0.99 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Research analysts predict that U.S. Bancorp will post 3.91 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.93%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 61.16%.

U.S. Bancorp 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.