Financial Counselors Inc. Sells 12,748 Shares of U.S. Bancorp (NYSE:USB)

Financial Counselors Inc. trimmed its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 3.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 386,326 shares of the financial services provider's stock after selling 12,748 shares during the period. Financial Counselors Inc.'s holdings in U.S. Bancorp were worth $16,311,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Picton Mahoney Asset Management acquired a new position in U.S. Bancorp during the fourth quarter worth $30,000. Westend Capital Management LLC acquired a new position in U.S. Bancorp during the first quarter worth $27,000. REAP Financial Group LLC increased its position in U.S. Bancorp by 86.1% during the fourth quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock worth $31,000 after buying an additional 297 shares during the last quarter. Millstone Evans Group LLC acquired a new position in U.S. Bancorp during the fourth quarter worth $31,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in U.S. Bancorp during the fourth quarter worth $32,000. 77.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on USB shares. Oppenheimer increased their target price on shares of U.S. Bancorp from $57.00 to $59.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Wells Fargo & Company lowered their target price on shares of U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Barclays lowered their price target on U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Wolfe Research raised U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 price target on the stock in a research report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $43.50 price target (down from $51.00) on shares of U.S. Bancorp in a research report on Thursday, April 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, U.S. Bancorp has an average rating of "Moderate Buy" and a consensus price target of $51.70.

U.S. Bancorp Stock Performance

USB stock traded down $0.38 during trading on Wednesday, reaching $47.28. 9,179,419 shares of the stock were exchanged, compared to its average volume of 9,403,811. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98. The company has a market capitalization of $73.66 billion, a P/E ratio of 11.70, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99. The stock has a 50 day simple moving average of $44.13 and a 200-day simple moving average of $44.40. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11.

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 for the quarter, topping 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 the consensus estimate of $6.92 billion. During the same period last year, the business earned $0.78 earnings per share. As a group, sell-side analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date is Monday, June 30th. U.S. Bancorp's dividend payout ratio is 49.50%.

Insider Buying and Selling

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

About U.S. Bancorp

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.