U.S. Bancorp (NYSE:USB) Stock Position Reduced by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC reduced its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 10.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,206 shares of the financial services provider's stock after selling 6,831 shares during the period. Snowden Capital Advisors LLC's holdings in U.S. Bancorp were worth $2,958,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Silvercrest Asset Management Group LLC lifted its holdings in U.S. Bancorp by 1,118.9% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 295,085 shares of the financial services provider's stock valued at $14,114,000 after acquiring an additional 270,876 shares during the last quarter. Rafferty Asset Management LLC increased its position in U.S. Bancorp by 4.0% during the fourth quarter. Rafferty Asset Management LLC now owns 550,391 shares of the financial services provider's stock worth $26,325,000 after buying an additional 21,340 shares during the period. Raiffeisen Bank International AG purchased a new position in shares of U.S. Bancorp in the 4th quarter valued at approximately $518,000. Polar Capital Holdings Plc purchased a new position in shares of U.S. Bancorp in the 4th quarter valued at approximately $12,290,000. Finally, ProShare Advisors LLC grew its stake in shares of U.S. Bancorp by 11.5% in the 4th quarter. ProShare Advisors LLC now owns 334,288 shares of the financial services provider's stock valued at $15,989,000 after purchasing an additional 34,371 shares during the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other U.S. Bancorp news, Director Aleem Gillani acquired 5,000 shares of the stock in a transaction on Monday, April 21st. The stock was 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 in the company, valued at $559,800. This trade represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.23% of the company's stock.

U.S. Bancorp Trading Down 0.9%

NYSE:USB traded down $0.39 on Tuesday, hitting $44.40. 6,604,916 shares of the stock were exchanged, compared to its average volume of 9,098,783. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98. The stock has a market cap of $69.18 billion, a PE ratio of 11.72, a PEG ratio of 1.73 and a beta of 0.97. The stock has a fifty day moving average of $40.85 and a 200-day moving average of $45.96.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.06. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same quarter last year, the firm earned $0.78 earnings per share. As a group, equities analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.50%. U.S. Bancorp's dividend payout ratio (DPR) is currently 49.50%.

Analysts Set New Price Targets

A number of analysts recently weighed in on USB shares. Morgan Stanley decreased their price target on U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Barclays decreased their price target on U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Oppenheimer lifted their price target on U.S. Bancorp from $57.00 to $59.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $43.50 price target (down from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. Finally, Cowen assumed coverage on U.S. Bancorp in a research report on Wednesday, May 14th. They set a "buy" rating on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $50.89.

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.