U.S. Bancorp (NYSE:USB) Shares Sold by UMB Bank n.a.

UMB Bank n.a. lowered its position in U.S. Bancorp (NYSE:USB - Free Report) by 11.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 97,388 shares of the financial services provider's stock after selling 12,225 shares during the quarter. UMB Bank n.a.'s holdings in U.S. Bancorp were worth $4,112,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. FIL Ltd boosted its stake in shares of U.S. Bancorp by 42.0% during the fourth quarter. FIL Ltd now owns 28,872 shares of the financial services provider's stock valued at $1,381,000 after purchasing an additional 8,542 shares during the period. Vanguard Group Inc. lifted its holdings in U.S. Bancorp by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider's stock valued at $6,640,569,000 after buying an additional 1,079,056 shares in the last quarter. M&T Bank Corp boosted its position in U.S. Bancorp by 36.9% in the 4th quarter. M&T Bank Corp now owns 1,158,848 shares of the financial services provider's stock valued at $55,427,000 after buying an additional 312,504 shares during the period. D.A. Davidson & CO. grew its stake in U.S. Bancorp by 11.3% in the 4th quarter. D.A. Davidson & CO. now owns 380,767 shares of the financial services provider's stock worth $18,212,000 after acquiring an additional 38,802 shares in the last quarter. Finally, Sovran Advisors LLC purchased a new position in shares of U.S. Bancorp during the fourth quarter worth approximately $369,000. Institutional investors own 77.60% of the company's stock.

Insiders Place Their Bets

In other news, Director Aleem Gillani acquired 5,000 shares of U.S. Bancorp stock in a transaction dated Monday, April 21st. The stock was purchased at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the purchase, the director now directly owns 15,000 shares in the company, valued at $559,800. This trade represents a 50.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.23% of the stock is currently owned by insiders.

U.S. Bancorp Stock Performance

USB stock traded down $0.03 during trading on Thursday, reaching $44.17. The company had a trading volume of 9,552,592 shares, compared to its average volume of 9,045,131. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98. The company has a market cap of $68.82 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 1.73 and a beta of 0.99. The firm has a 50-day simple moving average of $41.46 and a 200-day simple moving average of $45.26.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, topping the consensus estimate 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 business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the previous year, the firm posted $0.78 earnings per share. As a group, sell-side analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on USB. DA Davidson dropped their price objective on U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. TD Cowen began coverage on U.S. Bancorp in a research report on Thursday, May 15th. They set a "buy" rating and a $60.00 price target on the stock. The Goldman Sachs Group upped their price objective on shares of U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a research note on Tuesday. Evercore ISI upped their price target on shares of U.S. Bancorp from $44.00 to $49.00 and gave the stock an "in-line" rating in a research report on Wednesday, June 4th. Finally, Oppenheimer lifted their price objective on shares of U.S. Bancorp from $57.00 to $59.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, U.S. Bancorp currently has a consensus rating of "Moderate Buy" and an average price target of $50.72.

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.