U.S. Bancorp $USB Shares Sold by Oak Thistle LLC

Oak Thistle LLC lessened its position in U.S. Bancorp (NYSE:USB) by 22.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 41,267 shares of the financial services provider’s stock after selling 11,888 shares during the period. Oak Thistle LLC’s holdings in U.S. Bancorp were worth $2,202,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in USB. SG Americas Securities LLC increased its holdings in U.S. Bancorp by 3,451.9% during the 4th quarter. SG Americas Securities LLC now owns 4,332,659 shares of the financial services provider’s stock valued at $231,191,000 after acquiring an additional 4,210,676 shares in the last quarter. AQR Capital Management LLC increased its holdings in U.S. Bancorp by 354.5% during the 2nd quarter. AQR Capital Management LLC now owns 2,855,350 shares of the financial services provider’s stock valued at $129,205,000 after acquiring an additional 2,227,103 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in U.S. Bancorp by 16.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 11,598,572 shares of the financial services provider’s stock valued at $560,559,000 after acquiring an additional 1,631,550 shares in the last quarter. Freestone Grove Partners LP purchased a new position in U.S. Bancorp during the 3rd quarter valued at about $78,684,000. Finally, Vanguard Group Inc. increased its holdings in U.S. Bancorp by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 144,548,379 shares of the financial services provider’s stock valued at $6,986,023,000 after acquiring an additional 1,279,104 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of NYSE USB opened at $53.72 on Wednesday. The company has a market cap of $83.38 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 0.97 and a beta of 1.01. U.S. Bancorp has a 12 month low of $35.49 and a 12 month high of $61.19. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The company has a 50-day simple moving average of $54.80 and a 200-day simple moving average of $51.96.

U.S. Bancorp (NYSE:USB) last released its earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.07. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The business had revenue of $7.92 billion for the quarter, compared to analysts’ expectations of $7.31 billion. During the same period last year, the company earned $1.07 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.08 annualized dividend and a dividend yield of 3.9%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 45.02%.

Insider Activity

In related news, insider Mark G. Runkel sold 32,195 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $60.65, for a total value of $1,952,626.75. Following the sale, the insider directly owned 97,728 shares of the company’s stock, valued at approximately $5,927,203.20. This trade represents a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

USB has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their target price on shares of U.S. Bancorp from $62.00 to $58.00 and set an “underweight” rating for the company in a report on Tuesday. HSBC restated a “buy” rating and set a $62.00 target price on shares of U.S. Bancorp in a report on Wednesday, January 7th. TD Cowen raised their target price on shares of U.S. Bancorp from $65.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Morgan Stanley dropped their target price on shares of U.S. Bancorp from $72.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday, March 31st. Finally, Keefe, Bruyette & Woods raised their target price 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, fourteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.26.

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.