U.S. Bancorp (NYSE:USB) Shares Sold by LVW Advisors LLC

LVW Advisors LLC reduced its stake in U.S. Bancorp (NYSE:USB - Free Report) by 13.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,661 shares of the financial services provider's stock after selling 7,171 shares during the quarter. LVW Advisors LLC's holdings in U.S. Bancorp were worth $2,012,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. J.Safra Asset Management Corp acquired a new stake in U.S. Bancorp during the fourth quarter worth about $26,000. FPC Investment Advisory Inc. acquired a new stake in U.S. Bancorp during the fourth quarter worth about $28,000. Stonebridge Financial Group LLC acquired a new stake in U.S. Bancorp during the fourth quarter worth about $30,000. Picton Mahoney Asset Management acquired a new stake in U.S. Bancorp during the fourth quarter worth about $30,000. Finally, Millstone Evans Group LLC acquired a new stake in U.S. Bancorp during the fourth quarter worth about $31,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani bought 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 $559,800. The trade was 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 accessible through this hyperlink. Insiders own 0.23% of the company's stock.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock traded down $0.03 on Thursday, reaching $43.87. 2,552,516 shares of the company were exchanged, compared to its average volume of 9,065,527. 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 company's 50-day moving average is $41.06 and its two-hundred day moving average is $45.49. The firm has a market cap of $68.35 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 1.73 and a beta of 0.99. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly 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. The business had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $6.92 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. During the same period in the prior year, the firm earned $0.78 EPS. As a group, research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp's payout ratio is 49.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Keefe, Bruyette & Woods dropped their price target on U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating for the company in a research note on Thursday, April 17th. DA Davidson dropped their price target on U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. 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 note on Thursday, April 3rd. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $43.50 target price (down previously from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. Finally, Wells Fargo & Company lowered their target price on U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $50.67.

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.