Wellington Management Group LLP Sells 31,759 Shares of U.S. Bancorp (NYSE:USB)

Wellington Management Group LLP cut its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 23.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 101,946 shares of the financial services provider's stock after selling 31,759 shares during the quarter. Wellington Management Group LLP's holdings in U.S. Bancorp were worth $4,876,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. DSG Capital Advisors LLC acquired a new stake in U.S. Bancorp during the fourth quarter valued at $15,294,000. CWC Advisors LLC. acquired a new stake in shares of U.S. Bancorp in the fourth quarter worth $209,000. NorthCrest Asset Manangement LLC grew its stake in shares of U.S. Bancorp by 9.8% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 6,738 shares of the financial services provider's stock worth $322,000 after acquiring an additional 602 shares during the last quarter. Wealthedge Investment Advisors LLC acquired a new stake in U.S. Bancorp during the fourth quarter worth about $267,000. Finally, Anchor Pointe Wealth Management LLC acquired a new stake in U.S. Bancorp during the fourth quarter worth about $304,000. Hedge funds and other institutional investors own 77.60% of the company's stock.

U.S. Bancorp Price Performance

Shares of NYSE:USB traded down $0.26 during trading on Thursday, reaching $43.64. 6,079,078 shares of the company traded hands, compared to its average volume of 9,079,203. 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 52 week low of $35.18 and a 52 week high of $53.98. The firm has a market capitalization of $67.99 billion, a PE ratio of 11.51, a PEG ratio of 1.73 and a beta of 0.99. The company's 50 day moving average is $41.06 and its two-hundred day moving average is $45.49.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly 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. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same quarter last year, the business posted $0.78 EPS. As a group, sell-side analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current 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 given a $0.50 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.58%. U.S. Bancorp's dividend payout ratio is currently 49.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Royal Bank of Canada decreased their price objective on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $43.50 price objective (down from $51.00) on shares of U.S. Bancorp in a research report on Thursday, April 3rd. Wells Fargo & Company dropped their target price on shares of U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Oppenheimer lifted their price objective on U.S. Bancorp from $57.00 to $59.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating for the company in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $50.67.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani purchased 5,000 shares of the company's 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 completion of 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.23% of the company's stock.

U.S. Bancorp 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.