U.S. Bancorp $USB Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC reduced its position in U.S. Bancorp (NYSE:USB) by 47.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,341 shares of the financial services provider’s stock after selling 11,884 shares during the quarter. International Assets Investment Management LLC’s holdings in U.S. Bancorp were worth $712,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of USB. Brighton Jones LLC raised its stake in shares of U.S. Bancorp by 323.0% during the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock worth $2,309,000 after purchasing an additional 36,863 shares during the last quarter. Empowered Funds LLC raised its stake in shares of U.S. Bancorp by 2.1% during the first quarter. Empowered Funds LLC now owns 34,411 shares of the financial services provider’s stock worth $1,453,000 after purchasing an additional 714 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of U.S. Bancorp by 18.9% during the first quarter. Intech Investment Management LLC now owns 39,276 shares of the financial services provider’s stock worth $1,658,000 after purchasing an additional 6,252 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of U.S. Bancorp during the second quarter worth approximately $425,000. Finally, Nebula Research & Development LLC purchased a new stake in shares of U.S. Bancorp during the second quarter worth approximately $701,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Up 0.4%

U.S. Bancorp stock opened at $55.52 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $86.18 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 1.00 and a beta of 1.00. U.S. Bancorp has a fifty-two week low of $41.81 and a fifty-two week high of $61.19. The stock’s fifty day moving average is $54.05 and its two-hundred day moving average is $53.16.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.04. The company had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.27 billion. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.U.S. Bancorp’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.03 earnings per share. Analysts predict that U.S. Bancorp will post 5.09 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.08 annualized dividend and a yield of 3.7%. U.S. Bancorp’s dividend payout ratio is 43.61%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on USB. DA Davidson restated a “buy” rating and set a $65.00 price target on shares of U.S. Bancorp in a research note on Friday, April 17th. TD Cowen upped their price target on U.S. Bancorp from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Barclays upped their price target on U.S. Bancorp from $65.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, April 17th. Morgan Stanley set a $64.00 price objective on U.S. Bancorp in a research report on Friday, April 17th. Finally, UBS Group reiterated a “neutral” rating and issued a $60.00 price objective on shares of U.S. Bancorp in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $61.20.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, EVP Venkatachari Dilip sold 34,522 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total value of $1,916,661.44. Following the sale, the executive vice president owned 51,292 shares of the company’s stock, valued at approximately $2,847,731.84. This represents a 40.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jodi L. Richard sold 40,000 shares of the company’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total value of $2,280,000.00. Following the completion of the sale, the insider directly owned 207,251 shares in the company, valued at $11,813,307. This trade represents a 16.18% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is currently owned by corporate insiders.

U.S. Bancorp Company 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.