U.S. Bancorp (NYSE:USB) Shares Sold by Brighton Jones LLC

Brighton Jones LLC reduced its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 24.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,273 shares of the financial services provider's stock after selling 12,001 shares during the period. Brighton Jones LLC's holdings in U.S. Bancorp were worth $1,531,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of USB. Vanguard Group Inc. boosted its stake in U.S. Bancorp by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider's stock worth $6,640,569,000 after buying an additional 1,079,056 shares during the period. FMR LLC lifted its holdings in shares of U.S. Bancorp by 5.0% in the 4th quarter. FMR LLC now owns 67,125,746 shares of the financial services provider's stock worth $3,210,624,000 after acquiring an additional 3,211,815 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of U.S. Bancorp by 5.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 49,789,725 shares of the financial services provider's stock worth $2,381,443,000 after purchasing an additional 2,460,845 shares during the period. Geode Capital Management LLC boosted its position in shares of U.S. Bancorp by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 33,937,360 shares of the financial services provider's stock worth $1,618,948,000 after purchasing an additional 850,763 shares during the period. Finally, Amundi increased its holdings in U.S. Bancorp by 7.4% in the 4th quarter. Amundi now owns 19,485,615 shares of the financial services provider's stock valued at $945,268,000 after purchasing an additional 1,341,407 shares during the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on USB shares. Wells Fargo & Company lowered their price target on U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Cowen assumed coverage on shares of U.S. Bancorp in a research report on Wednesday, May 14th. They set a "buy" rating on the stock. Morgan Stanley cut their target price 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. The Goldman Sachs Group lifted their target price on U.S. Bancorp from $41.00 to $46.00 and gave the company a "neutral" rating in a report on Tuesday, June 10th. Finally, Wall Street Zen lowered U.S. Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday, June 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, U.S. Bancorp has an average rating of "Moderate Buy" and an average target price of $50.72.

U.S. Bancorp Stock Performance

Shares of NYSE:USB traded up $0.51 on Thursday, reaching $43.20. The company's stock had a trading volume of 12,696,450 shares, compared to its average volume of 9,137,199. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98. The stock has a market capitalization of $67.30 billion, a P/E ratio of 10.69, a PEG ratio of 1.60 and a beta of 0.99. The stock's 50-day moving average is $42.02 and its two-hundred day moving average is $44.91. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.80 and a quick ratio of 0.80.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.06. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. As a group, sell-side analysts forecast that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.63%. U.S. Bancorp's dividend payout ratio (DPR) is presently 49.50%.

Insider Activity

In related news, Director Aleem Gillani bought 5,000 shares of the firm's stock in a transaction on Monday, April 21st. The shares were bought at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the transaction, the director now owns 15,000 shares of the company's stock, valued at approximately $559,800. This trade represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.23% of the company's stock.

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.