Douglas Lane & Associates LLC Sells 29,596 Shares of U.S. Bancorp (NYSE:USB)

Douglas Lane & Associates LLC trimmed its stake in U.S. Bancorp (NYSE:USB - Free Report) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,451,566 shares of the financial services provider's stock after selling 29,596 shares during the period. Douglas Lane & Associates LLC owned approximately 0.09% of U.S. Bancorp worth $61,285,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. FIL Ltd raised its position in shares of U.S. Bancorp by 42.0% during the 4th quarter. FIL Ltd now owns 28,872 shares of the financial services provider's stock valued at $1,381,000 after buying an additional 8,542 shares in the last quarter. Vanguard Group Inc. increased its stake in U.S. Bancorp by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider's stock valued at $6,640,569,000 after acquiring an additional 1,079,056 shares during the last quarter. M&T Bank Corp lifted its stake in U.S. Bancorp by 36.9% during the fourth quarter. M&T Bank Corp now owns 1,158,848 shares of the financial services provider's stock worth $55,427,000 after purchasing an additional 312,504 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in shares of 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 purchasing an additional 38,802 shares in the last quarter. Finally, Sovran Advisors LLC bought a new position in shares of U.S. Bancorp during the 4th quarter valued at about $369,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

USB has been the subject of a number of recent research reports. Wolfe Research upgraded U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price for the company in a research report on Thursday, April 3rd. Wells Fargo & Company lowered their price objective on shares of U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Raymond James reaffirmed an "outperform" rating and set a $51.00 target price (down previously from $57.00) on shares of U.S. Bancorp in a report on Thursday, April 17th. The Goldman Sachs Group lowered their price target on shares of U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $43.50 price objective (down from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $50.67.

U.S. Bancorp Stock Down 1.1%

Shares of NYSE:USB traded down $0.47 during trading on Wednesday, hitting $43.91. The stock had a trading volume of 6,975,714 shares, compared to its average volume of 9,094,628. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The company has a market capitalization of $68.41 billion, a PE ratio of 11.59, a PEG ratio of 1.73 and a beta of 0.97. The firm's fifty day moving average is $41.03 and its 200 day moving average is $45.50.

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

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp's dividend payout ratio is currently 49.50%.

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.