Ameriprise Financial Inc. Decreases Stock Holdings in U.S. Bancorp (NYSE:USB)

Ameriprise Financial Inc. reduced its position in U.S. Bancorp (NYSE:USB - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,210,801 shares of the financial services provider's stock after selling 47,047 shares during the period. Ameriprise Financial Inc. owned approximately 0.21% of U.S. Bancorp worth $153,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. Alteri Wealth LLC purchased a new position in shares of U.S. Bancorp during the 4th quarter valued at $358,000. Aptus Capital Advisors LLC grew its position in U.S. Bancorp by 397.5% in the fourth quarter. Aptus Capital Advisors LLC now owns 82,681 shares of the financial services provider's stock worth $3,990,000 after acquiring an additional 66,062 shares in the last quarter. Atalanta Sosnoff Capital LLC boosted its holdings in shares of U.S. Bancorp by 176.6% in the 4th quarter. Atalanta Sosnoff Capital LLC now owns 1,346,862 shares of the financial services provider's stock worth $64,420,000 after purchasing an additional 859,882 shares during the period. AXA S.A. boosted its position in shares of U.S. Bancorp by 195.7% during the fourth quarter. AXA S.A. now owns 102,380 shares of the financial services provider's stock valued at $4,897,000 after buying an additional 67,759 shares during the period. Finally, Accredited Wealth Management LLC bought a new position in shares of U.S. Bancorp during the fourth quarter valued at approximately $70,000. Institutional investors own 77.60% of the company's stock.

U.S. Bancorp Trading Down 0.3 %

Shares of USB stock traded down $0.13 on Friday, hitting $42.01. 6,997,653 shares of the stock traded hands, compared to its average volume of 9,113,103. The firm's 50-day moving average price is $40.71 and its two-hundred day moving average price is $46.14. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The stock has a market capitalization of $65.45 billion, a PE ratio of 11.08, a PEG ratio of 1.73 and a beta of 0.97.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.06. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The company had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $6.92 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. As a group, analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.76%. U.S. Bancorp's dividend payout ratio (DPR) is presently 49.50%.

Insiders Place Their Bets

In other news, Director Aleem Gillani acquired 5,000 shares of the stock in a transaction that occurred on Monday, April 21st. The shares were purchased at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $559,800. This represents a 50.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.23% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Morgan Stanley reduced their price target on shares of U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Citigroup dropped their price objective on shares of U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Royal Bank of Canada dropped their target price on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Barclays lowered their target price on shares of U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $43.50 price objective (down previously from $51.00) on shares of U.S. Bancorp in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, U.S. Bancorp has a consensus rating of "Moderate Buy" and an average target price of $50.48.

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.