Acropolis Investment Management LLC cut its stake in shares of U.S. Bancorp (NYSE:USB) by 12.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,471 shares of the financial services provider’s stock after selling 1,251 shares during the quarter. Acropolis Investment Management LLC’s holdings in U.S. Bancorp were worth $502,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Simon Quick Advisors LLC boosted its holdings in U.S. Bancorp by 1,060.0% in the fourth quarter. Simon Quick Advisors LLC now owns 464 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 424 shares in the last quarter. Lenox Wealth Advisors LLC acquired a new position in U.S. Bancorp in the third quarter valued at approximately $33,000. Bridger Capital Management LLC acquired a new position in U.S. Bancorp in the third quarter valued at approximately $33,000. Allred Capital Management LLC acquired a new position in U.S. Bancorp in the fourth quarter valued at approximately $33,000. Finally, Old North State Trust LLC boosted its holdings in U.S. Bancorp by 99.1% in the third quarter. Old North State Trust LLC now owns 667 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 332 shares in the last quarter. 75.23% of the stock is owned by institutional investors and hedge funds.
In other news, insider Gillern Jeffry H. Von sold 5,357 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $56.67, for a total transaction of $303,581.19. Following the completion of the sale, the insider now owns 89,301 shares in the company, valued at $5,060,687.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Terrance R. Dolan sold 17,200 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $58.59, for a total value of $1,007,748.00. Following the sale, the chief financial officer now owns 111,404 shares of the company’s stock, valued at approximately $6,527,160.36. The disclosure for this sale can be found here. Insiders have sold 229,161 shares of company stock valued at $13,483,396 in the last 90 days. Company insiders own 0.24% of the company’s stock.
Shares of NYSE USB opened at $56.59 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86. U.S. Bancorp has a twelve month low of $47.28 and a twelve month high of $61.11. The stock has a 50 day moving average of $59.26 and a two-hundred day moving average of $56.03. The stock has a market cap of $88.51 billion, a P/E ratio of 13.80, a P/E/G ratio of 2.14 and a beta of 1.11.
U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.04. U.S. Bancorp had a return on equity of 15.39% and a net margin of 26.54%. The business had revenue of $5.92 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter in the prior year, the business earned $1.06 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, research analysts predict that U.S. Bancorp will post 4.34 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Monday, December 30th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 40.98%.
A number of brokerages recently issued reports on USB. Bank of America downgraded U.S. Bancorp from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $55.00 to $53.00 in a report on Monday, September 30th. ValuEngine cut U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Morgan Stanley reiterated a “sell” rating and issued a $62.00 price objective (up previously from $61.00) on shares of U.S. Bancorp in a research note on Monday, November 18th. JPMorgan Chase & Co. boosted their price objective on U.S. Bancorp from $55.50 to $58.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Oppenheimer cut U.S. Bancorp from an “outperform” rating to a “market perform” rating in a research note on Friday, December 20th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. U.S. Bancorp currently has an average rating of “Hold” and an average price target of $58.56.
U.S. Bancorp Company Profile
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.
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