PFG Investments LLC Has $404,000 Stock Position in U.S. Bancorp (NYSE:USB)

PFG Investments LLC lowered its holdings in U.S. Bancorp (NYSE:USB) by 21.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,042 shares of the financial services provider’s stock after selling 2,408 shares during the quarter. PFG Investments LLC’s holdings in U.S. Bancorp were worth $404,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vestor Capital LLC lifted its position in shares of U.S. Bancorp by 1.5% in the 4th quarter. Vestor Capital LLC now owns 17,179 shares of the financial services provider’s stock worth $744,000 after acquiring an additional 253 shares during the period. Mosaic Family Wealth Partners LLC lifted its position in shares of U.S. Bancorp by 1.4% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider’s stock worth $832,000 after acquiring an additional 265 shares during the period. Wealth Alliance lifted its position in shares of U.S. Bancorp by 0.5% in the 4th quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock worth $2,131,000 after acquiring an additional 266 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of U.S. Bancorp by 8.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,757 shares of the financial services provider’s stock worth $163,000 after buying an additional 285 shares during the period. Finally, United Community Bank lifted its position in shares of U.S. Bancorp by 0.7% during the 4th quarter. United Community Bank now owns 40,371 shares of the financial services provider’s stock worth $1,747,000 after buying an additional 289 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the transaction, the executive vice president now owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Down 1.6 %

Shares of U.S. Bancorp stock traded down $0.66 during trading on Tuesday, reaching $40.63. The stock had a trading volume of 8,861,593 shares, compared to its average volume of 8,659,941. The company has a market capitalization of $63.31 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 2.13 and a beta of 1.05. The stock has a fifty day moving average price of $42.33 and a two-hundred day moving average price of $40.34. U.S. Bancorp has a 52 week low of $27.27 and a 52 week high of $45.85. 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 released its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The business had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the prior year, the company posted $1.16 earnings per share. U.S. Bancorp’s revenue was down 6.4% on a year-over-year basis. Sell-side analysts predict that U.S. Bancorp will post 3.86 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on USB shares. Barclays cut their target price on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Jefferies Financial Group raised their price target on U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a report on Monday, April 8th. DA Davidson dropped their price target on U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. Morgan Stanley raised their price target on U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $45.00 target price (down from $52.00) on shares of U.S. Bancorp in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $46.14.

U.S. Bancorp Company Profile

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.