Northwest & Ethical Investments L.P. Sells 23,447 Shares of U.S. Bancorp (NYSE:USB)

Northwest & Ethical Investments L.P. cut its stake in U.S. Bancorp (NYSE:USB - Free Report) by 35.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,673 shares of the financial services provider's stock after selling 23,447 shares during the period. Northwest & Ethical Investments L.P.'s holdings in U.S. Bancorp were worth $2,041,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in USB. Winch Advisory Services LLC lifted its stake in shares of U.S. Bancorp by 1,088.9% in the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 490 shares during the period. J.Safra Asset Management Corp purchased a new position in U.S. Bancorp during the fourth quarter valued at $26,000. FPC Investment Advisory Inc. bought a new stake in shares of U.S. Bancorp during the 4th quarter valued at $28,000. Global Wealth Strategies & Associates grew its position in shares of U.S. Bancorp by 70.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider's stock worth $29,000 after buying an additional 250 shares during the period. Finally, Stonebridge Financial Group LLC bought a new position in shares of U.S. Bancorp in the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 77.60% of the company's stock.

U.S. Bancorp Stock Performance

USB stock traded up $0.04 during trading on Wednesday, reaching $43.74. The stock had a trading volume of 9,585,235 shares, compared to its average volume of 8,063,606. The firm has a market cap of $68.15 billion, a PE ratio of 11.54, a PEG ratio of 1.73 and a beta of 1.02. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The stock's 50 day moving average is $46.11 and its two-hundred day moving average is $47.63. U.S. Bancorp has a 52 week low of $37.81 and a 52 week high of $53.98.

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U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. The firm had revenue of $7.01 billion for the quarter, compared to analysts' expectations of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The business's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 EPS. As a group, equities analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Monday, March 31st. U.S. Bancorp's dividend payout ratio is presently 52.77%.

Insider Transactions at U.S. Bancorp

In related news, 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 approximately $58,132,431. The trade was a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $46.96, for a total value of $3,114,246.32. Following the completion of the sale, the insider now owns 209,482 shares of the company's stock, valued at approximately $9,837,274.72. The trade was a 24.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 219,812 shares of company stock worth $10,385,665 in the last three months. Corporate insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

USB has been the topic of a number of recent research reports. DA Davidson upgraded shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $58.00 to $60.00 in a report on Thursday, January 2nd. Oppenheimer upped their price target on U.S. Bancorp from $62.00 to $63.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. Morgan Stanley dropped their target price on U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. 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 report on Monday. Finally, 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 research note on Monday, January 6th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $53.48.

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.