Professional Advisory Services Inc. Has $14.67 Million Stake in U.S. Bancorp (USB)

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Professional Advisory Services Inc. reduced its holdings in shares of U.S. Bancorp (NYSE:USB) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 320,898 shares of the financial services provider’s stock after selling 2,990 shares during the quarter. U.S. Bancorp makes up 3.3% of Professional Advisory Services Inc.’s investment portfolio, making the stock its 12th biggest holding. Professional Advisory Services Inc.’s holdings in U.S. Bancorp were worth $14,665,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in USB. Wells Fargo & Company MN raised its stake in U.S. Bancorp by 3.5% during the 3rd quarter. Wells Fargo & Company MN now owns 22,390,287 shares of the financial services provider’s stock valued at $1,182,431,000 after acquiring an additional 750,796 shares during the last quarter. Veritable L.P. raised its stake in shares of U.S. Bancorp by 1.9% during the 3rd quarter. Veritable L.P. now owns 130,364 shares of the financial services provider’s stock worth $6,885,000 after buying an additional 2,418 shares in the last quarter. Creative Planning raised its stake in shares of U.S. Bancorp by 1.0% during the 3rd quarter. Creative Planning now owns 313,653 shares of the financial services provider’s stock worth $16,564,000 after buying an additional 3,100 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of U.S. Bancorp by 33.8% during the 3rd quarter. Captrust Financial Advisors now owns 78,458 shares of the financial services provider’s stock worth $4,171,000 after buying an additional 19,817 shares in the last quarter. Finally, Lau Associates LLC acquired a new stake in shares of U.S. Bancorp in the 3rd quarter worth approximately $317,000. 75.17% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:USB opened at $50.22 on Monday. The firm has a market cap of $81.16 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of 1.54 and a beta of 1.02. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.84 and a current ratio of 0.85. U.S. Bancorp has a one year low of $43.14 and a one year high of $58.50.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, January 16th. The financial services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.73 billion. U.S. Bancorp had a return on equity of 15.64% and a net margin of 27.53%. U.S. Bancorp’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 EPS. As a group, equities research analysts forecast that U.S. Bancorp will post 4.35 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Friday, December 28th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 36.10%.

In other U.S. Bancorp news, Vice Chairman Gillern Jeffry H. Von sold 17,508 shares of the firm’s stock in a transaction dated Wednesday, October 24th. The stock was sold at an average price of $50.81, for a total value of $889,581.48. Following the transaction, the insider now directly owns 121,137 shares of the company’s stock, valued at $6,154,970.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David B. Omaley sold 10,902 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $53.66, for a total value of $585,001.32. Following the completion of the transaction, the director now directly owns 212,789 shares in the company, valued at $11,418,257.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 237,549 shares of company stock worth $12,562,507. 0.43% of the stock is owned by insiders.

A number of research firms recently weighed in on USB. Wedbush set a $58.00 price target on U.S. Bancorp and gave the stock a “hold” rating in a report on Thursday, October 18th. ValuEngine cut U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. Zacks Investment Research restated a “hold” rating on shares of U.S. Bancorp in a report on Monday, December 31st. Barclays upped their price target on U.S. Bancorp from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, January 2nd. Finally, Macquarie upgraded U.S. Bancorp from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $56.00 to $62.00 in a report on Wednesday, October 10th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. U.S. Bancorp presently has an average rating of “Hold” and a consensus price target of $58.78.

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About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

See Also: Earnings Per Share

Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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