Catalyst Financial Partners LLC Trims Holdings in U.S. Bancorp (NYSE:USB)

Catalyst Financial Partners LLC cut its stake in U.S. Bancorp (NYSE:USB) by 15.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,332 shares of the financial services provider’s stock after selling 1,142 shares during the quarter. Catalyst Financial Partners LLC’s holdings in U.S. Bancorp were worth $274,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. CGC Financial Services LLC purchased a new position in shares of U.S. Bancorp in the fourth quarter valued at $25,000. BKM Wealth Management LLC purchased a new position in shares of U.S. Bancorp in the fourth quarter valued at $26,000. Planned Solutions Inc. purchased a new position in shares of U.S. Bancorp in the fourth quarter valued at $27,000. Naples Money Management LLC purchased a new position in U.S. Bancorp during the fourth quarter worth about $30,000. Finally, Friedenthal Financial purchased a new position in U.S. Bancorp during the fourth quarter worth about $46,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on USB. JPMorgan Chase & Co. reduced their target price on U.S. Bancorp from $45.00 to $43.50 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Wells Fargo & Company reduced their target price on U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. HSBC upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their target price for the stock from $47.00 to $53.00 in a research report on Thursday, March 28th. Evercore ISI boosted their target price on U.S. Bancorp from $46.00 to $48.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. Finally, DA Davidson reduced their target price on U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, U.S. Bancorp currently has a consensus rating of “Hold” and an average price target of $46.02.

U.S. Bancorp Trading Up 0.3 %

Shares of NYSE USB traded up $0.11 during midday trading on Wednesday, reaching $41.69. The company had a trading volume of 8,566,435 shares, compared to its average volume of 8,547,586. U.S. Bancorp has a one year low of $28.53 and a one year high of $45.85. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07. The firm’s fifty day moving average price is $42.35 and its 200-day moving average price is $40.64. The stock has a market cap of $65.06 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the previous year, the company posted $1.16 EPS. U.S. Bancorp’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, equities research analysts anticipate that U.S. Bancorp will post 3.84 earnings per share for the current 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 4.70%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s payout ratio is 64.90%.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the company’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 completion of the transaction, the executive vice president now owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp 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.