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

Western Wealth Management LLC trimmed its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 79.6% during the fourth quarter, according to the company in its most recent Form 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 quarter. Western Wealth Management LLC's holdings in U.S. Bancorp were worth $445,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in USB. Vanguard Group Inc. grew its holdings in shares of 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 worth $6,640,569,000 after purchasing an additional 1,079,056 shares during the period. FMR LLC increased its position in shares of U.S. Bancorp by 5.0% during the fourth quarter. FMR LLC now owns 67,125,746 shares of the financial services provider's stock worth $3,210,624,000 after acquiring an additional 3,211,815 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in U.S. Bancorp by 5.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 49,789,725 shares of the financial services provider's stock valued at $2,381,443,000 after purchasing an additional 2,460,845 shares during the last quarter. Geode Capital Management LLC raised its stake in U.S. Bancorp by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 33,937,360 shares of the financial services provider's stock valued at $1,618,948,000 after buying an additional 850,763 shares in the last quarter. Finally, Amundi raised its holdings in shares of U.S. Bancorp by 7.4% during the fourth quarter. Amundi now owns 19,485,615 shares of the financial services provider's stock worth $945,268,000 after purchasing an additional 1,341,407 shares during the period. 77.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at U.S. Bancorp

In other news, Director Aleem Gillani purchased 5,000 shares of the company's stock in a transaction dated Monday, April 21st. The stock was bought at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the purchase, the director now owns 15,000 shares of the company's stock, valued at approximately $559,800. The trade was a 50.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Trading Up 0.5%

USB traded up $0.20 during midday trading on Thursday, reaching $43.43. 2,270,338 shares of the company were exchanged, compared to its average volume of 9,058,513. The stock's 50-day simple moving average is $41.01 and its 200 day simple moving average is $45.72. 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 stock has a market capitalization of $67.66 billion, a P/E ratio of 11.46, a PEG ratio of 1.73 and a beta of 0.97. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.06. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates 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 period in the previous year, the business earned $0.78 EPS. As a group, analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.50 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 4.61%. U.S. Bancorp's dividend payout ratio (DPR) is presently 49.50%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on USB shares. Wolfe Research upgraded U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 price objective for the company in a research report on Thursday, April 3rd. TD Cowen assumed coverage on U.S. Bancorp in a research report on Thursday, May 15th. They issued a "buy" rating and a $60.00 price target for the company. Cowen began coverage on shares of U.S. Bancorp in a research note on Wednesday, May 14th. They set a "buy" rating on the stock. Raymond James reissued an "outperform" rating and set a $51.00 price target (down from $57.00) on shares of U.S. Bancorp in a research report on Thursday, April 17th. Finally, Bank of America dropped their target price on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating on the stock in a report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $50.89.

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.