Wellington Management Group LLP Trims Position in U.S. Bancorp (NYSE:USB)

Wellington Management Group LLP lessened its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 23.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,946 shares of the financial services provider's stock after selling 31,759 shares during the period. Wellington Management Group LLP's holdings in U.S. Bancorp were worth $4,876,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in U.S. Bancorp by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider's stock worth $6,640,569,000 after purchasing an additional 1,079,056 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of U.S. Bancorp by 5.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 49,789,725 shares of the financial services provider's stock worth $2,381,443,000 after buying an additional 2,460,845 shares during the last quarter. Amundi grew its holdings in shares of U.S. Bancorp by 7.4% in the fourth quarter. Amundi now owns 19,485,615 shares of the financial services provider's stock valued at $945,268,000 after acquiring an additional 1,341,407 shares in the last quarter. Norges Bank bought a new stake in U.S. Bancorp during the fourth quarter worth $777,524,000. Finally, Van ECK Associates Corp boosted its position in U.S. Bancorp by 3.4% in the fourth quarter. Van ECK Associates Corp now owns 10,183,593 shares of the financial services provider's stock worth $487,081,000 after purchasing an additional 331,580 shares during the last quarter. Institutional investors own 77.60% of the company's stock.

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U.S. Bancorp Price Performance

Shares of NYSE USB traded up $0.58 during mid-day trading on Tuesday, reaching $38.78. 7,637,152 shares of the company were exchanged, compared to its average volume of 9,001,420. The stock has a market capitalization of $60.42 billion, a PE ratio of 10.23, a PEG ratio of 1.73 and a beta of 0.91. 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 has a 52 week low of $35.18 and a 52 week high of $53.98. The company's 50 day moving average price is $43.28 and its 200 day moving average price is $46.98.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm had revenue of $7.01 billion during the quarter, compared to analysts' expectations of $7 billion. During the same period in the prior year, the business earned $0.99 EPS. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. Sell-side 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date of this dividend is Monday, March 31st. U.S. Bancorp's payout ratio is presently 52.77%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on USB shares. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $43.50 target price (down from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. The Goldman Sachs Group reduced their target price on shares of U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Oppenheimer raised their price target on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. Wolfe Research raised U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price for the company in a research report on Thursday, April 3rd. Finally, Wells Fargo & Company dropped their price objective on shares of U.S. Bancorp from $62.00 to $56.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $52.52.

Insiders Place Their Bets

In other U.S. Bancorp news, 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 value of $3,114,246.32. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Cecere sold 102,044 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 1,230,316 shares of the company's stock, valued at approximately $58,132,431. This trade represents a 7.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 219,812 shares of company stock valued at $10,385,665 over the last three months. Insiders own 0.23% of the company's stock.

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.