Bryn Mawr Capital Management LLC Sells 30,228 Shares of U.S. Bancorp (NYSE:USB)

Bryn Mawr Capital Management LLC cut its position in shares of U.S. Bancorp (NYSE:USB) by 58.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,727 shares of the financial services provider’s stock after selling 30,228 shares during the period. Bryn Mawr Capital Management LLC’s holdings in U.S. Bancorp were worth $940,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of U.S. Bancorp by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock valued at $4,513,127,000 after acquiring an additional 6,479,642 shares during the period. Mufg Bank LTD. increased its holdings in shares of U.S. Bancorp by 54.1% in the 3rd quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock valued at $2,260,450,000 after acquiring an additional 24,000,000 shares during the period. FMR LLC increased its holdings in shares of U.S. Bancorp by 1.8% in the 3rd quarter. FMR LLC now owns 37,470,199 shares of the financial services provider’s stock valued at $1,238,765,000 after acquiring an additional 674,583 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of U.S. Bancorp by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,120,947 shares of the financial services provider’s stock valued at $1,028,859,000 after acquiring an additional 1,610,004 shares during the period. Finally, Aristotle Capital Management LLC increased its holdings in shares of U.S. Bancorp by 266.6% in the 3rd quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider’s stock valued at $775,842,000 after acquiring an additional 17,066,479 shares during the period. 77.60% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the transaction, the executive vice president now owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of the business’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 transaction of $1,152,904.71. Following the completion of the sale, the insider now directly 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 through this link. Also, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the sale, the executive vice president now owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $41.12 on Friday. The stock has a market cap of $64.07 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 2.12 and a beta of 1.05. The business has a 50-day simple moving average of $42.34 and a 200-day simple moving average of $40.11. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07. U.S. Bancorp has a 52-week low of $27.27 and a 52-week high of $45.85.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. The business had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.16 EPS. On average, equities analysts expect that U.S. Bancorp will post 3.86 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 4.77%. U.S. Bancorp’s payout ratio is 64.90%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Oppenheimer cut their price target on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. Wells Fargo & Company cut their price target on U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. HSBC upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their target price for the stock from $47.00 to $53.00 in a research note on Thursday, March 28th. UBS Group dropped their target price on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Finally, Jefferies Financial Group boosted their target price on U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, U.S. Bancorp currently has an average rating of “Hold” and an average target price of $46.14.

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.