Allworth Financial LP Has $3.82 Million Stock Holdings in U.S. Bancorp (NYSE:USB)

Allworth Financial LP increased its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 36.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,621 shares of the financial services provider's stock after purchasing an additional 21,148 shares during the quarter. Allworth Financial LP's holdings in U.S. Bancorp were worth $3,823,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. AMF Tjanstepension AB raised its position in 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 in the last quarter. Blue Trust Inc. raised its position in U.S. Bancorp by 34.7% during the third quarter. Blue Trust Inc. now owns 15,123 shares of the financial services provider's stock worth $692,000 after acquiring an additional 3,893 shares in the last quarter. Capital Investment Advisors LLC raised its position in U.S. Bancorp by 6.3% during the third quarter. Capital Investment Advisors LLC now owns 6,014 shares of the financial services provider's stock worth $275,000 after acquiring an additional 357 shares in the last quarter. Chicago Capital LLC raised its position in U.S. Bancorp by 6.5% during the third quarter. Chicago Capital LLC now owns 9,882 shares of the financial services provider's stock worth $452,000 after acquiring an additional 600 shares in the last quarter. Finally, New Century Financial Group LLC raised its position in U.S. Bancorp by 5.0% during the third quarter. New Century Financial Group LLC now owns 9,594 shares of the financial services provider's stock worth $439,000 after acquiring an additional 457 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

Insiders Place Their Bets

In other news, insider Jodi L. Richard sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $47.59, for a total value of $1,427,700.00. Following the sale, the insider now directly owns 99,790 shares in the company, valued at approximately $4,749,006.10. This trade represents a 23.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP James L. Chosy sold 21,451 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total transaction of $1,022,140.15. Following the completion of the sale, the executive vice president now owns 198,127 shares in the company, valued at approximately $9,440,751.55. The trade was a 9.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 219,812 shares of company stock worth $10,385,665 over the last ninety days. Corporate insiders own 0.23% of the company's stock.

U.S. Bancorp Price Performance

U.S. Bancorp stock traded down $0.89 during trading hours on Friday, reaching $45.88. 9,326,979 shares of the stock were exchanged, compared to its average volume of 9,157,008. The company has a market cap of $71.57 billion, a P/E ratio of 12.10, a price-to-earnings-growth ratio of 1.75 and a beta of 1.04. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98. The stock has a 50 day moving average of $48.19 and a two-hundred day moving average of $47.64.

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

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.36%. U.S. Bancorp's payout ratio is 52.77%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on USB shares. Oppenheimer increased their price objective on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company an "outperform" rating in a research report on Friday, January 17th. Citigroup raised shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and increased their price objective for the company from $49.00 to $65.00 in a research report on Monday, November 25th. Compass Point increased their price objective on shares of U.S. Bancorp from $49.00 to $60.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Wells Fargo & Company increased their price objective on shares of U.S. Bancorp from $60.00 to $62.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Finally, Morgan Stanley dropped their price objective on shares of U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Ten investment analysts have rated the stock with a hold rating and eleven 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 $54.21.

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.