U.S. Bancorp (NYSE:USB) Shares Sold by Golden State Equity Partners

Golden State Equity Partners decreased its position in shares of U.S. Bancorp (NYSE:USB) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,410 shares of the financial services provider’s stock after selling 689 shares during the quarter. Golden State Equity Partners’ holdings in U.S. Bancorp were worth $1,013,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. CGC Financial Services LLC purchased a new stake in U.S. Bancorp in the 4th quarter valued at about $25,000. BKM Wealth Management LLC purchased a new stake in U.S. Bancorp in the 4th quarter valued at about $26,000. Planned Solutions Inc. purchased a new stake in U.S. Bancorp in the 4th quarter valued at about $27,000. Legacy Financial Group LLC purchased a new stake in U.S. Bancorp in the 3rd quarter valued at about $30,000. Finally, Naples Money Management LLC purchased a new stake in U.S. Bancorp in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analyst Ratings Changes

USB has been the topic of several research analyst reports. DA Davidson reduced their price objective on shares of U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. HSBC upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their price target for the stock from $47.00 to $53.00 in a research note on Thursday, March 28th. UBS Group cut their price target on shares of 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. Oppenheimer cut their price target on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a research note on Thursday, April 18th. Finally, Jefferies Financial Group boosted their price target on shares of 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 research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $46.14.

Insider Activity at U.S. Bancorp

In related news, insider Terrance R. Dolan sold 26,583 shares of the company’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 directly owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP James L. Chosy sold 21,582 shares of the 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 completion of the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Terrance R. Dolan sold 26,583 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total value of $1,152,904.71. Following the completion of the sale, the insider now directly owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Stock Up 0.3 %

USB traded up $0.13 on Friday, reaching $41.12. The company’s stock had a trading volume of 4,512,229 shares, compared to its average volume of 7,300,433. The stock has a 50 day moving average of $42.34 and a two-hundred day 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. The company has a market capitalization of $64.07 billion, a price-to-earnings ratio of 13.62, a P/E/G ratio of 2.12 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.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The firm had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.16 earnings per share. As a group, analysts forecast that U.S. Bancorp will post 3.86 EPS for the current fiscal 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. This represents a $1.96 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date of this dividend was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is 64.90%.

U.S. Bancorp 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.