Waldron Private Wealth LLC Reduces Holdings in U.S. Bancorp (NYSE:USB)

Waldron Private Wealth LLC decreased its stake in shares of U.S. Bancorp (NYSE:USB) by 6.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,562 shares of the financial services provider’s stock after selling 901 shares during the period. Waldron Private Wealth LLC’s holdings in U.S. Bancorp were worth $593,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in USB. CGC Financial Services LLC purchased a new stake in U.S. Bancorp during the 4th quarter worth about $25,000. BKM Wealth Management LLC purchased a new stake in shares of U.S. Bancorp in the 4th quarter valued at about $26,000. Planned Solutions Inc. purchased a new stake in shares of U.S. Bancorp in the 4th quarter valued at about $27,000. Legacy Financial Group LLC purchased a new stake in shares of U.S. Bancorp in the 3rd quarter valued at about $30,000. Finally, First Command Advisory Services Inc. purchased a new stake in shares of U.S. Bancorp in the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on USB. Keefe, Bruyette & Woods raised their price target on U.S. Bancorp from $50.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, April 5th. HSBC upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and increased their price objective for the company from $47.00 to $53.00 in a research report on Thursday, March 28th. Oppenheimer reduced their price objective on U.S. Bancorp from $61.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 19th. StockNews.com lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Finally, TheStreet upgraded U.S. Bancorp from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, U.S. Bancorp currently has an average rating of “Hold” and an average target price of $47.41.

Insider Activity

In other news, insider Terrance R. Dolan sold 26,583 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total value of $1,152,904.71. Following the completion of the transaction, the insider now owns 144,236 shares in the company, valued at approximately $6,255,515.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the transaction, the insider now owns 144,236 shares in the company, valued at $6,255,515.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp stock in a transaction on Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the transaction, the executive vice president now owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The disclosure for this sale can be found here. Insiders sold a total of 60,265 shares of company stock worth $2,535,903 in the last quarter. 0.23% of the stock is owned by company insiders.

U.S. Bancorp Price Performance

Shares of USB stock opened at $41.45 on Tuesday. The firm has a market cap of $64.58 billion, a P/E ratio of 12.64, a P/E/G ratio of 2.15 and a beta of 1.05. U.S. Bancorp has a fifty-two week low of $27.27 and a fifty-two week high of $45.85. The business’s 50 day moving average price is $42.32 and its 200-day moving average price is $39.67. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.81 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.28. The company had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $6.85 billion. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 EPS. On average, equities research analysts anticipate that U.S. Bancorp will post 3.87 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend was Wednesday, March 27th. U.S. Bancorp’s payout ratio is presently 59.76%.

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.