Paladin Advisory Group LLC Sells 2,237 Shares of U.S. Bancorp (NYSE:USB)

Paladin Advisory Group LLC reduced its position in U.S. Bancorp (NYSE:USB) by 22.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,885 shares of the financial services provider’s stock after selling 2,237 shares during the period. Paladin Advisory Group LLC’s holdings in U.S. Bancorp were worth $341,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of USB. Moneta Group Investment Advisors LLC boosted its holdings in shares of U.S. Bancorp by 130,768.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 60,273,882 shares of the financial services provider’s stock valued at $2,628,544,000 after buying an additional 60,227,825 shares in the last quarter. Mufg Bank LTD. raised its position in shares of U.S. Bancorp by 54.1% in the 3rd quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock valued at $2,260,450,000 after purchasing an additional 24,000,000 shares during the last quarter. Aristotle Capital Management LLC raised its position in shares of U.S. Bancorp by 266.6% in the 3rd quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider’s stock valued at $775,842,000 after purchasing an additional 17,066,479 shares during the last quarter. Norges Bank purchased a new position in shares of U.S. Bancorp in the 4th quarter valued at approximately $644,436,000. Finally, Vanguard Group Inc. raised its position in shares of U.S. Bancorp by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock valued at $4,513,127,000 after purchasing an additional 6,479,642 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Trading Up 2.6 %

USB traded up $1.01 on Friday, hitting $40.45. The company had a trading volume of 12,037,614 shares, compared to its average volume of 8,840,654. The firm has a market cap of $63.03 billion, a P/E ratio of 13.36, a PEG ratio of 2.04 and a beta of 1.05. U.S. Bancorp has a 1 year low of $27.27 and a 1 year high of $45.85. The company’s fifty day moving average price is $42.31 and its 200 day moving average price is $39.72. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. The firm had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. U.S. Bancorp’s revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.16 EPS. As a group, equities analysts expect that U.S. Bancorp will post 3.87 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 4.85%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on USB shares. Wells Fargo & Company decreased their price objective on shares of U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday. TheStreet raised shares of U.S. Bancorp from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. Jefferies Financial Group raised their price target on shares of U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Oppenheimer reduced their price target on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $45.00 price target (down from $52.00) on shares of U.S. Bancorp in a research report on Thursday. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $46.68.

Insiders Place Their Bets

In other news, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the transaction, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the transaction, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Terrance R. Dolan sold 26,583 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total value of $1,152,904.71. Following the transaction, the insider now directly owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

About U.S. Bancorp

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.