Banco Bilbao Vizcaya Argentaria S.A. Decreases Stock Holdings in U.S. Bancorp (NYSE:USB)

Banco Bilbao Vizcaya Argentaria S.A. lowered its position in U.S. Bancorp (NYSE:USB - Free Report) by 16.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 139,896 shares of the financial services provider's stock after selling 27,867 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in U.S. Bancorp were worth $6,741,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of USB. Burling Wealth Partners LLC acquired a new stake in shares of U.S. Bancorp during the 4th quarter valued at about $212,000. CSM Advisors LLC grew its holdings in U.S. Bancorp by 2.6% in the fourth quarter. CSM Advisors LLC now owns 47,155 shares of the financial services provider's stock valued at $2,255,000 after purchasing an additional 1,210 shares during the period. MGO One Seven LLC increased its position in shares of U.S. Bancorp by 7.4% in the fourth quarter. MGO One Seven LLC now owns 70,562 shares of the financial services provider's stock valued at $3,375,000 after buying an additional 4,847 shares in the last quarter. Pinebridge Investments L.P. raised its stake in shares of U.S. Bancorp by 782.4% during the 4th quarter. Pinebridge Investments L.P. now owns 379,599 shares of the financial services provider's stock worth $18,156,000 after buying an additional 336,582 shares during the period. Finally, Alta Advisers Ltd grew its stake in U.S. Bancorp by 44.0% in the 4th quarter. Alta Advisers Ltd now owns 5,040 shares of the financial services provider's stock valued at $241,000 after acquiring an additional 1,540 shares during the period. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Trading Up 0.7 %

Shares of USB traded up $0.29 during trading on Thursday, reaching $40.63. 3,334,497 shares of the company traded hands, compared to its average volume of 9,064,620. The stock has a 50-day simple moving average of $41.33 and a 200-day simple moving average of $46.49. 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 twelve month low of $35.18 and a twelve month high of $53.98. The stock has a market cap of $63.29 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91.

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

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp's dividend payout ratio (DPR) is currently 49.50%.

Insider Buying and Selling

In related news, CEO Andrew Cecere sold 102,044 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the completion of the transaction, the chief executive officer now directly owns 1,230,316 shares of the company's stock, valued at $58,132,431. The trade was a 7.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Terrance R. Dolan sold 66,317 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $46.96, for a total value of $3,114,246.32. Following the completion of the sale, the insider now directly owns 209,482 shares in the company, valued at $9,837,274.72. This represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 219,812 shares of company stock valued at $10,385,665 in the last ninety days. Company insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on USB shares. Bank of America decreased their price objective on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Keefe, Bruyette & Woods lowered their price objective on U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating on the stock in a report on Thursday, April 17th. Royal Bank of Canada reduced their target price on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Barclays lowered 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. Finally, Wolfe Research raised 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 note on Thursday, April 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, U.S. Bancorp currently has an average rating of "Moderate Buy" and an average target price of $50.48.

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.