Sandhill Capital Partners LLC lessened its stake in U.S. Bancorp (NYSE:USB - Free Report) by 6.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,078,575 shares of the financial services provider's stock after selling 76,935 shares during the period. U.S. Bancorp comprises about 4.0% of Sandhill Capital Partners LLC's investment portfolio, making the stock its 7th largest position. Sandhill Capital Partners LLC owned approximately 0.07% of U.S. Bancorp worth $51,588,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. J.Safra Asset Management Corp acquired a new position in U.S. Bancorp during the 4th quarter valued at about $26,000. Winch Advisory Services LLC lifted its position in shares of U.S. Bancorp by 1,088.9% in the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock worth $26,000 after purchasing an additional 490 shares in the last quarter. FPC Investment Advisory Inc. purchased a new position in U.S. Bancorp in the fourth quarter valued at about $28,000. Global Wealth Strategies & Associates increased its stake in shares of U.S. Bancorp by 70.8% during the 4th 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. Finally, Stonebridge Financial Group LLC acquired a new stake in U.S. Bancorp in the 4th quarter worth approximately $30,000. Institutional investors own 77.60% of the company's stock.
Insider Buying and Selling at U.S. Bancorp
In other U.S. Bancorp news, CEO Andrew Cecere sold 102,044 shares of U.S. Bancorp stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total value of $4,821,579.00. Following the transaction, the chief executive officer now owns 1,230,316 shares in the company, valued at $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 available at the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the sale, the insider now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 219,812 shares of company stock valued at $10,385,665 in the last three months. Company insiders own 0.23% of the company's stock.
U.S. Bancorp Stock Performance
NYSE:USB traded up $0.60 during mid-day trading on Friday, hitting $37.85. 18,550,879 shares of the company traded hands, compared to its average volume of 8,990,550. The stock's fifty day moving average price is $43.46 and its 200-day moving average price is $47.04. The firm has a market cap of $58.97 billion, a price-to-earnings ratio of 9.99, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.
U.S. Bancorp (NYSE:USB - Get Free Report) last issued its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.01. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. During the same quarter in the prior year, the business earned $0.99 earnings per share. U.S. Bancorp's revenue for the quarter was up 3.7% on a year-over-year basis. Research analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.
U.S. Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date is Monday, March 31st. U.S. Bancorp's payout ratio is currently 52.77%.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on USB shares. Raymond James upgraded U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 target price for the company in a research note on Thursday, December 19th. DA Davidson upgraded shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and increased their price objective for the company from $58.00 to $60.00 in a report on Thursday, January 2nd. Bank of America decreased their price target on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a report on Monday, March 17th. Barclays lifted their price target on U.S. Bancorp from $57.00 to $61.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. Finally, Oppenheimer increased their price target on U.S. Bancorp from $62.00 to $63.00 and gave the company an "outperform" rating in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $52.52.
Check Out Our Latest Report on U.S. Bancorp
U.S. Bancorp Profile
(
Free Report)
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.
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