Professional Advisory Services Inc. Sells 17,191 Shares of U.S. Bancorp $USB

Professional Advisory Services Inc. trimmed its position in shares of U.S. Bancorp (NYSE:USB) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 408,421 shares of the financial services provider’s stock after selling 17,191 shares during the quarter. U.S. Bancorp comprises about 2.8% of Professional Advisory Services Inc.’s investment portfolio, making the stock its 16th largest holding. Professional Advisory Services Inc.’s holdings in U.S. Bancorp were worth $21,793,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of USB. Stolper Co grew its position in shares of U.S. Bancorp by 1.1% in the 4th quarter. Stolper Co now owns 49,501 shares of the financial services provider’s stock worth $2,641,000 after buying an additional 519 shares during the last quarter. Perennial Advisors LLC lifted its position in U.S. Bancorp by 7.0% during the fourth quarter. Perennial Advisors LLC now owns 111,087 shares of the financial services provider’s stock valued at $5,928,000 after acquiring an additional 7,275 shares during the last quarter. JGP Wealth Management LLC boosted its stake in U.S. Bancorp by 1.7% in the fourth quarter. JGP Wealth Management LLC now owns 19,796 shares of the financial services provider’s stock valued at $1,056,000 after acquiring an additional 336 shares in the last quarter. Salem Investment Counselors Inc. grew its holdings in U.S. Bancorp by 146.3% in the fourth quarter. Salem Investment Counselors Inc. now owns 7,348 shares of the financial services provider’s stock worth $395,000 after purchasing an additional 4,365 shares during the last quarter. Finally, Capital Asset Advisory Services LLC purchased a new position in U.S. Bancorp in the fourth quarter worth $239,000. 77.60% of the stock is currently owned by institutional investors.

Insider Activity at U.S. Bancorp

In related news, insider Mark G. Runkel sold 32,195 shares of U.S. Bancorp stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the transaction, the insider owned 97,728 shares in the company, valued at approximately $5,927,203.20. This trade represents a 24.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on USB. HSBC reiterated a “buy” rating and set a $62.00 price objective on shares of U.S. Bancorp in a report on Wednesday, January 7th. Evercore increased their price target on U.S. Bancorp from $60.00 to $65.00 and gave the company an “in-line” rating in a research note on Thursday, February 5th. Royal Bank Of Canada raised their price target on U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. DA Davidson boosted their price target on U.S. Bancorp from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Finally, Keefe, Bruyette & Woods upped their price objective on shares of U.S. Bancorp from $58.00 to $59.00 and gave the company a “market perform” rating in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $60.02.

U.S. Bancorp Trading Up 1.1%

Shares of USB opened at $52.07 on Wednesday. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $61.19. The stock has a market cap of $80.82 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 0.87 and a beta of 1.04. The firm’s fifty day moving average is $55.35 and its two-hundred day moving average is $51.76. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.07. The company had revenue of $7.92 billion during the quarter, compared to analysts’ expectations of $7.31 billion. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. U.S. Bancorp’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.07 EPS. Research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.52 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.0%. U.S. Bancorp’s dividend payout ratio is 45.02%.

U.S. Bancorp Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.