Valley Wealth Managers Inc. Sells 11,637 Shares of U.S. Bancorp (NYSE:USB)

Valley Wealth Managers Inc. lessened its stake in U.S. Bancorp (NYSE:USB - Free Report) by 11.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 90,083 shares of the financial services provider's stock after selling 11,637 shares during the quarter. Valley Wealth Managers Inc.'s holdings in U.S. Bancorp were worth $4,309,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of USB. Winch Advisory Services LLC increased its stake in shares of U.S. Bancorp by 1,088.9% during the 4th 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 during the last quarter. Frazier Financial Advisors LLC increased its stake in shares of U.S. Bancorp by 222.7% during the 3rd quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider's stock worth $29,000 after purchasing an additional 441 shares during the last quarter. 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. Stonebridge Financial Group LLC acquired a new position in shares of U.S. Bancorp during the 4th quarter worth $30,000. Finally, Albion Financial Group UT increased its stake in shares of U.S. Bancorp by 92.8% during the 4th quarter. Albion Financial Group UT now owns 696 shares of the financial services provider's stock worth $33,000 after purchasing an additional 335 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

U.S. Bancorp Price Performance

USB stock traded down $0.89 during trading on Friday, hitting $45.88. 9,326,979 shares of the stock traded hands, compared to its average volume of 9,157,008. U.S. Bancorp has a one year low of $37.81 and a one year high of $53.98. The stock has a market cap of $71.57 billion, a price-to-earnings ratio of 12.10, a P/E/G ratio of 1.75 and a beta of 1.04. The company has a 50 day simple moving average of $48.19 and a 200 day simple moving average of $47.64. 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 (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 the consensus estimate of $1.06 by $0.01. The firm had revenue of $7.01 billion during the quarter, compared to analysts' expectations of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The company's quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.99 EPS. Equities analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

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

Insider Transactions at U.S. Bancorp

In other news, CEO Andrew Cecere sold 102,044 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Terrance R. Dolan sold 66,317 shares of U.S. Bancorp stock in a transaction that occurred 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 sale, the insider now owns 209,482 shares of the company's stock, valued at approximately $9,837,274.72. This represents 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 quarter. 0.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on USB. Raymond James upgraded shares of U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 target price on the stock 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 raised their target price for the company from $58.00 to $60.00 in a research note on Thursday, January 2nd. Barclays raised their target price on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. Evercore ISI raised their target price on shares of U.S. Bancorp from $51.00 to $54.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of U.S. Bancorp from a "buy" rating to a "hold" rating and set a $51.00 target price on the stock. in a research note on Thursday, October 24th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.21.

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.