Brookstone Capital Management Sells 21,157 Shares of U.S. Bancorp $USB

Brookstone Capital Management cut its stake in U.S. Bancorp (NYSE:USB) by 8.4% in the 1st quarter, Holdings Channel reports. The fund owned 231,815 shares of the financial services provider’s stock after selling 21,157 shares during the quarter. Brookstone Capital Management’s holdings in U.S. Bancorp were worth $12,057,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Clayton Financial Group LLC purchased a new stake in U.S. Bancorp during the fourth quarter valued at about $25,000. Financial Life Planners purchased a new position in shares of U.S. Bancorp in the 3rd quarter worth about $25,000. Rossby Financial LCC boosted its holdings in shares of U.S. Bancorp by 57.8% in the 4th quarter. Rossby Financial LCC now owns 579 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 212 shares in the last quarter. JPL Wealth Management LLC bought a new position in shares of U.S. Bancorp during the 3rd quarter valued at about $28,000. Finally, Westfuller Advisors LLC increased its position in shares of U.S. Bancorp by 54.7% during the 4th quarter. Westfuller Advisors LLC now owns 608 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 215 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

Insiders Place Their Bets

In other U.S. Bancorp news, insider Jodi L. Richard sold 40,000 shares of the business’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total value of $2,280,000.00. Following the transaction, the insider owned 207,251 shares in the company, valued at approximately $11,813,307. The trade was a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Venkatachari Dilip sold 34,522 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the transaction, the executive vice president directly owned 51,292 shares of the company’s stock, valued at approximately $2,847,731.84. This trade represents a 40.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Jefferies Financial Group restated a “hold” rating and issued a $60.00 target price on shares of U.S. Bancorp in a research report on Thursday, April 16th. Stephens initiated coverage on shares of U.S. Bancorp in a research report on Monday, June 15th. They set an “equal weight” rating and a $63.00 price target on the stock. Royal Bank Of Canada lifted their price target on shares of U.S. Bancorp from $59.00 to $61.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Barclays boosted their price objective on shares of U.S. Bancorp from $65.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. Finally, Morgan Stanley set a $64.00 price objective on shares of U.S. Bancorp in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.29.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock opened at $58.62 on Tuesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. The business’s 50 day simple moving average is $55.73 and its two-hundred day simple moving average is $54.96. The stock has a market capitalization of $90.93 billion, a P/E ratio of 12.29, a price-to-earnings-growth ratio of 1.01 and a beta of 0.97. U.S. Bancorp has a one year low of $42.93 and a one year high of $61.19.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.04. The firm had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $7.27 billion. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.03 earnings per share. Analysts forecast that U.S. Bancorp will post 5.08 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, June 30th. U.S. Bancorp’s dividend payout ratio is currently 43.61%.

About U.S. Bancorp

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.