Radnor Capital Management LLC Sells 6,425 Shares of U.S. Bancorp (NYSE:USB)

Radnor Capital Management LLC decreased its position in U.S. Bancorp (NYSE:USB - Free Report) by 12.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,471 shares of the financial services provider's stock after selling 6,425 shares during the quarter. Radnor Capital Management LLC's holdings in U.S. Bancorp were worth $2,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Frazier Financial Advisors LLC lifted its holdings in shares of U.S. Bancorp by 222.7% in the 3rd quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider's stock worth $29,000 after acquiring an additional 441 shares during the last quarter. Global Wealth Strategies & Associates lifted its stake in U.S. Bancorp by 70.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider's stock worth $29,000 after purchasing an additional 250 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in U.S. Bancorp during the fourth quarter valued at about $38,000. Kimelman & Baird LLC purchased a new stake in U.S. Bancorp during the second quarter valued at about $40,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of U.S. Bancorp in the third quarter worth about $40,000. Hedge funds and other institutional investors own 77.60% of the company's stock.

Insiders Place Their Bets

In related news, insider Jodi L. Richard sold 25,000 shares of the company's 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 completion of the transaction, the insider now owns 129,790 shares of the company's stock, valued at approximately $6,363,603.70. This represents a 16.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

USB has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft cut U.S. Bancorp from a "buy" rating to a "hold" rating and set a $51.00 target price for the company. in a report on Thursday, October 24th. Stephens increased their price objective on U.S. Bancorp from $49.00 to $52.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. Evercore ISI lifted their target price on shares of U.S. Bancorp from $51.00 to $54.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 30th. Royal Bank of Canada set a $53.00 price target on shares of U.S. Bancorp in a report on Thursday, October 17th. Finally, DA Davidson raised shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and raised their price target for the stock from $58.00 to $60.00 in a report on Thursday, January 2nd. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $54.07.

U.S. Bancorp Trading Up 1.4 %

Shares of USB stock opened at $49.08 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $76.57 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 3.01 and a beta of 1.05. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98. The firm has a fifty day moving average price of $50.25 and a 200-day moving average price of $46.68.

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

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Tuesday, December 31st. U.S. Bancorp's dividend payout ratio 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.