U.S. Bancorp (NYSE:USB) Stock Holdings Lessened by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury lessened its stake in U.S. Bancorp (NYSE:USB - Free Report) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 549,832 shares of the financial services provider's stock after selling 24,583 shares during the quarter. State of Tennessee Department of Treasury's holdings in U.S. Bancorp were worth $26,298,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Winch Advisory Services LLC boosted its position in U.S. Bancorp by 1,088.9% during 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. J.Safra Asset Management Corp acquired a new stake in U.S. Bancorp in the 4th quarter valued at about $26,000. FPC Investment Advisory Inc. purchased a new position in U.S. Bancorp during the 4th quarter valued at about $28,000. Global Wealth Strategies & Associates lifted its holdings in shares of 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 valued at $29,000 after purchasing an additional 250 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $30,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at U.S. Bancorp

In related news, Director Aleem Gillani purchased 5,000 shares of the business's stock in a transaction that occurred on Monday, April 21st. The shares were purchased at an average cost of $37.32 per share, with a total value of $186,600.00. Following the completion of the acquisition, the director now directly owns 15,000 shares of the company's stock, valued at approximately $559,800. The trade was a 50.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Terrance R. Dolan sold 66,317 shares of the business's stock in a transaction dated 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 sale, the insider now directly owns 209,482 shares of the company's stock, valued at $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 a total of 219,812 shares of company stock worth $10,385,665 in the last 90 days. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Stock Down 0.4 %

Shares of NYSE USB traded down $0.15 on Friday, hitting $39.90. The company had a trading volume of 6,432,743 shares, compared to its average volume of 9,052,511. The firm has a market capitalization of $62.16 billion, a P/E ratio of 10.53, a PEG ratio of 1.73 and a beta of 0.91. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The business has a 50 day moving average of $41.87 and a two-hundred day moving average of $46.62. 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 posted its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.06. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The business had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $6.92 billion. During the same period in the previous year, the company posted $0.78 earnings per share. As a group, equities research analysts forecast 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 declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp's dividend payout ratio is currently 49.50%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Citigroup reduced their target price on U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Raymond James restated an "outperform" rating and issued a $51.00 target price (down from $57.00) on shares of U.S. Bancorp in a report on Thursday, April 17th. DA Davidson cut their price objective on shares of U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Morgan Stanley lowered their target price on shares of U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, The Goldman Sachs Group decreased their price objective on U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $50.66.

U.S. Bancorp 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.