Investment House LLC Sells 300 Shares of U.S. Bancorp (NYSE:USB)

Investment House LLC decreased its stake in U.S. Bancorp (NYSE:USB) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,325 shares of the financial services provider’s stock after selling 300 shares during the period. Investment House LLC’s holdings in U.S. Bancorp were worth $274,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in USB. CGC Financial Services LLC purchased a new stake in U.S. Bancorp during the fourth quarter valued at about $25,000. BKM Wealth Management LLC bought a new stake in U.S. Bancorp in the 4th quarter worth approximately $26,000. Planned Solutions Inc. purchased a new stake in U.S. Bancorp in the fourth quarter worth approximately $27,000. Legacy Financial Group LLC bought a new position in U.S. Bancorp during the third quarter valued at approximately $30,000. Finally, Naples Money Management LLC purchased a new position in shares of U.S. Bancorp during the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on USB shares. DA Davidson lowered their price target on shares of U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. HSBC upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and increased their target price for the company from $47.00 to $53.00 in a report on Thursday, March 28th. StockNews.com cut U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. Oppenheimer dropped their price objective on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a research note on Thursday, April 18th. Finally, Evercore ISI upped their price target on shares of U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $46.14.

U.S. Bancorp Trading Down 1.3 %

NYSE:USB opened at $40.74 on Tuesday. U.S. Bancorp has a one year low of $27.27 and a one year high of $45.85. The company’s 50-day simple moving average is $42.34 and its 200 day simple moving average is $40.28. The firm has a market capitalization of $63.48 billion, a P/E ratio of 13.68, a PEG ratio of 2.13 and a beta of 1.05. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The firm had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the previous year, the firm posted $1.16 EPS. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. 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 company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.49 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.81%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

Insider Activity at U.S. Bancorp

In related news, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp 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 sale, the executive vice president now directly owns 164,880 shares in the company, valued at approximately $6,837,573.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is currently owned by insiders.

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.