Western Wealth Management LLC Cuts Stake in U.S. Bancorp (NYSE:USB)

Western Wealth Management LLC lowered its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 79.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,295 shares of the financial services provider's stock after selling 36,304 shares during the period. Western Wealth Management LLC's holdings in U.S. Bancorp were worth $445,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in USB. J.Safra Asset Management Corp purchased a new stake in U.S. Bancorp in the fourth quarter worth $26,000. FPC Investment Advisory Inc. purchased a new position in U.S. Bancorp during the 4th quarter valued at $28,000. Stonebridge Financial Group LLC purchased a new position in U.S. Bancorp during the 4th quarter valued at $30,000. Picton Mahoney Asset Management purchased a new position in U.S. Bancorp during the 4th quarter valued at $30,000. Finally, Millstone Evans Group LLC purchased a new position in U.S. Bancorp during the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 77.60% of the company's stock.

Wall Street Analyst Weigh In

USB has been the topic of a number of research analyst reports. The Goldman Sachs Group reduced their price objective on shares of U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Cowen initiated coverage on shares of U.S. Bancorp in a research report on Wednesday, May 14th. They set a "buy" rating on the stock. Wall Street Zen raised shares of U.S. Bancorp from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Wells Fargo & Company reduced their price objective 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. Finally, Raymond James reissued an "outperform" rating and set a $51.00 price objective (down from $57.00) on shares of U.S. Bancorp in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $50.89.

U.S. Bancorp Stock Performance

Shares of USB stock traded up $0.78 during trading hours on Tuesday, reaching $43.72. The company had a trading volume of 6,500,308 shares, compared to its average volume of 9,096,746. The business has a fifty day moving average price of $40.98 and a 200-day moving average price of $45.75. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The firm has a market cap of $68.12 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97. 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 (NYSE:USB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same period in the previous year, the business posted $0.78 earnings per share. Sell-side analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.57%. The ex-dividend date was Monday, March 31st. U.S. Bancorp's dividend payout ratio (DPR) is presently 49.50%.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani acquired 5,000 shares of the stock in a transaction dated Monday, April 21st. The shares were purchased at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the purchase, the director now directly 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 acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.23% of the company's stock.

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.