National Bank of Canada FI Sells 772,840 Shares of U.S. Bancorp (NYSE:USB)

National Bank of Canada FI reduced its position in U.S. Bancorp (NYSE:USB - Free Report) by 55.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 613,573 shares of the financial services provider's stock after selling 772,840 shares during the period. National Bank of Canada FI's holdings in U.S. Bancorp were worth $26,926,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. CGC Financial Services LLC acquired a new stake in U.S. Bancorp during the 4th quarter valued at $25,000. BKM Wealth Management LLC acquired a new stake in U.S. Bancorp during the 4th quarter valued at $26,000. Planned Solutions Inc. acquired a new stake in U.S. Bancorp during the 4th quarter valued at $27,000. Naples Money Management LLC acquired a new stake in U.S. Bancorp during the 4th quarter valued at $30,000. Finally, First Command Advisory Services Inc. acquired a new stake in U.S. Bancorp during the 3rd quarter valued at $35,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp stock in a transaction on Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the sale, the executive vice president now owns 164,880 shares of the company's stock, valued at approximately $6,837,573.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.23% of the stock is owned by company insiders.

U.S. Bancorp Stock Performance

Shares of NYSE USB traded down $0.24 during mid-day trading on Tuesday, hitting $41.58. The company had a trading volume of 8,662,696 shares, compared to its average volume of 8,547,157. The stock has a market cap of $64.88 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 2.16 and a beta of 1.05. U.S. Bancorp has a 12 month low of $28.53 and a 12 month high of $45.85. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. The firm's 50 day simple moving average is $42.35 and its two-hundred day simple moving average is $40.64.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.01. The business had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The business's revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the business posted $1.16 EPS. As a group, equities research analysts forecast that U.S. Bancorp will post 3.84 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend was Wednesday, March 27th. U.S. Bancorp's payout ratio is currently 64.90%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on USB shares. HSBC upgraded U.S. Bancorp from a "hold" rating to a "buy" rating and increased their target price for the company from $47.00 to $53.00 in a report on Thursday, March 28th. StockNews.com cut U.S. Bancorp from a "hold" rating to a "sell" rating in a report on Tuesday, February 20th. Compass Point upgraded U.S. Bancorp from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $46.00 to $49.00 in a report on Friday, March 22nd. Keefe, Bruyette & Woods restated a "market perform" rating and set a $45.00 price objective (down previously from $52.00) on shares of U.S. Bancorp in a report on Thursday, April 18th. Finally, Wells Fargo & Company decreased their price objective on U.S. Bancorp from $50.00 to $48.00 and set an "overweight" rating on the stock in a report on Thursday, April 18th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $46.02.

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.