U.S. Bancorp (NYSE:USB) Shares Sold by Entropy Technologies LP

Entropy Technologies LP reduced its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 6.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 175,132 shares of the financial services provider's stock after selling 12,134 shares during the quarter. U.S. Bancorp accounts for 0.8% of Entropy Technologies LP's holdings, making the stock its 8th biggest holding. Entropy Technologies LP's holdings in U.S. Bancorp were worth $8,009,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Redwood Wealth Management Group LLC acquired a new stake in U.S. Bancorp during the second quarter worth approximately $25,000. LRI Investments LLC bought a new position in U.S. Bancorp in the 1st quarter worth about $31,000. Eagle Bay Advisors LLC increased its position in shares of U.S. Bancorp by 93.2% during the 1st quarter. Eagle Bay Advisors LLC now owns 686 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 331 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in U.S. Bancorp during the 2nd quarter worth approximately $30,000. Finally, Y.D. More Investments Ltd bought a new position in U.S. Bancorp during the 2nd quarter worth approximately $33,000. 77.60% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Jodi L. Richard sold 25,000 shares of the business's stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $49.03, for a total transaction of $1,225,750.00. Following the completion of the transaction, the insider now owns 129,790 shares in the company, valued at approximately $6,363,603.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is owned by insiders.

Analysts Set New Price Targets

USB has been the topic of several analyst reports. Royal Bank of Canada set a $53.00 target price on U.S. Bancorp in a research report on Thursday, October 17th. Evercore ISI raised their price target on shares of U.S. Bancorp from $51.00 to $54.00 and gave the stock an "in-line" rating in a report on Wednesday, October 30th. Wells Fargo & Company upped their target price on shares of U.S. Bancorp from $52.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday, October 17th. Oppenheimer lifted their price target on shares of U.S. Bancorp from $59.00 to $64.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Finally, Stephens lifted their price target on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company an "equal weight" rating in a report on Thursday, October 17th. Thirteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $51.12.

U.S. Bancorp Stock Down 0.5 %

NYSE USB traded down $0.24 during trading on Tuesday, hitting $50.80. The company's stock had a trading volume of 7,564,382 shares, compared to its average volume of 8,346,004. The company has a market cap of $79.25 billion, a PE ratio of 15.61, a P/E/G ratio of 2.96 and a beta of 1.02. U.S. Bancorp has a fifty-two week low of $33.61 and a fifty-two week high of $51.76. The business's 50 day simple moving average is $46.60 and its 200-day simple moving average is $43.46. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.81.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. The business had revenue of $6.86 billion during the quarter, compared to analysts' expectations of $6.90 billion. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The company's quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the firm earned $1.05 EPS. On average, equities analysts anticipate that U.S. Bancorp will post 3.93 EPS for the current fiscal year.

U.S. Bancorp announced that its board has initiated a stock repurchase plan on Thursday, September 12th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its stock is undervalued.

U.S. Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.50 dividend. This is a positive change from U.S. Bancorp's previous quarterly dividend of $0.49. The ex-dividend date was Monday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.94%. U.S. Bancorp's dividend payout ratio (DPR) is currently 61.16%.

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.