U.S. Bancorp (NYSE:USB) Shares Sold by Coho Partners Ltd.

Coho Partners Ltd. trimmed its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 15.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,683,177 shares of the financial services provider's stock after selling 316,294 shares during the quarter. U.S. Bancorp accounts for approximately 3.7% of Coho Partners Ltd.'s portfolio, making the stock its 9th biggest position. Coho Partners Ltd. owned about 0.11% of U.S. Bancorp worth $80,506,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AMF Tjanstepension AB increased its position in shares of U.S. Bancorp by 16.9% during the third quarter. AMF Tjanstepension AB now owns 532,105 shares of the financial services provider's stock worth $24,401,000 after acquiring an additional 76,914 shares during the period. Swedbank AB increased its holdings in U.S. Bancorp by 5.1% during the 3rd quarter. Swedbank AB now owns 541,266 shares of the financial services provider's stock worth $24,752,000 after purchasing an additional 26,281 shares during the period. SeaCrest Wealth Management LLC raised its position in U.S. Bancorp by 4.3% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 11,514 shares of the financial services provider's stock valued at $527,000 after purchasing an additional 477 shares in the last quarter. Sumitomo Life Insurance Co. boosted its stake in shares of U.S. Bancorp by 2.6% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 19,099 shares of the financial services provider's stock valued at $873,000 after buying an additional 481 shares during the period. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in shares of U.S. Bancorp by 7.7% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 69,505 shares of the financial services provider's stock worth $3,178,000 after buying an additional 4,943 shares in the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Stock Performance

Shares of USB stock traded up $0.14 during midday trading on Tuesday, hitting $47.89. The company had a trading volume of 5,459,106 shares, compared to its average volume of 9,164,594. The stock has a market cap of $74.71 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 1.77 and a beta of 1.04. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The company's 50 day simple moving average is $48.54 and its 200 day simple moving average is $47.58. U.S. Bancorp has a 52-week low of $37.81 and a 52-week high of $53.98.

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

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp's dividend payout ratio (DPR) is 52.77%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Evercore ISI increased their price objective on shares of U.S. Bancorp from $51.00 to $54.00 and gave the company an "in-line" rating in a research report on Wednesday, October 30th. Oppenheimer increased their target price on U.S. Bancorp from $62.00 to $63.00 and gave the company an "outperform" rating in a report on Friday, January 17th. Wells Fargo & Company lifted their price target on U.S. Bancorp from $60.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Compass Point increased their price objective on U.S. Bancorp from $49.00 to $60.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Finally, Morgan Stanley decreased their target price on U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $54.21.

Insiders Place Their Bets

In related news, insider Terrance R. Dolan sold 66,317 shares of U.S. Bancorp stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Andrew Cecere sold 102,044 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total value of $4,821,579.00. Following the completion of the sale, the chief executive officer now directly owns 1,230,316 shares in the company, valued at $58,132,431. This trade represents a 7.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 219,812 shares of company stock worth $10,385,665. 0.23% of the stock is owned by corporate insiders.

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.