Private Advisor Group LLC Decreases Stock Holdings in U.S. Bancorp (NYSE:USB)

Private Advisor Group LLC trimmed its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 23.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,514 shares of the financial services provider's stock after selling 29,088 shares during the quarter. Private Advisor Group LLC's holdings in U.S. Bancorp were worth $4,047,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in USB. Summit Trail Advisors LLC lifted its stake in U.S. Bancorp by 12.2% during the fourth quarter. Summit Trail Advisors LLC now owns 15,352 shares of the financial services provider's stock valued at $672,000 after purchasing an additional 1,664 shares during the last quarter. TCI Wealth Advisors Inc. acquired a new stake in U.S. Bancorp during the 4th quarter worth about $212,000. NTV Asset Management LLC purchased a new stake in U.S. Bancorp during the fourth quarter valued at about $258,000. Avidian Wealth Solutions LLC boosted its holdings in shares of U.S. Bancorp by 26.1% in the fourth quarter. Avidian Wealth Solutions LLC now owns 10,105 shares of the financial services provider's stock worth $437,000 after buying an additional 2,089 shares during the period. Finally, Alan B Lancz & Associates Inc. purchased a new position in shares of U.S. Bancorp in the fourth quarter worth approximately $206,000. Institutional investors own 77.60% of the company's stock.

Insider Activity

In related news, EVP James L. Chosy sold 21,582 shares of the firm's 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 completion of the sale, the executive vice president now directly owns 164,880 shares of the company's stock, valued at approximately $6,837,573.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. DA Davidson dropped their target price on U.S. Bancorp from $45.00 to $44.00 and set a "neutral" rating on the stock in a report on Thursday, April 18th. Oppenheimer cut their price objective on U.S. Bancorp from $55.00 to $54.00 and set an "outperform" rating for the company in a report on Thursday, April 18th. Morgan Stanley raised their price target on U.S. Bancorp from $44.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 30th. Barclays reduced their target price on shares of U.S. Bancorp from $56.00 to $52.00 and set an "overweight" rating for the company in a research note on Thursday, April 18th. Finally, StockNews.com cut U.S. Bancorp from a "hold" rating to a "sell" rating in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $46.02.

U.S. Bancorp Price Performance

USB traded up $0.31 during midday trading on Friday, reaching $41.85. 4,839,900 shares of the company's stock were exchanged, compared to its average volume of 8,487,229. U.S. Bancorp has a one year low of $28.53 and a one year high of $45.85. The firm has a market capitalization of $65.31 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05. The business has a 50-day simple moving average of $42.35 and a two-hundred day simple moving average of $40.65. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07.

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 EPS for the quarter, beating the consensus estimate of $0.89 by $0.01. The business had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. U.S. Bancorp's quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.16 EPS. As a group, research analysts predict that U.S. Bancorp will post 3.84 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 4.68%. U.S. Bancorp's dividend payout ratio (DPR) is presently 64.90%.

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.