KLCM Advisors Inc. Sells 340 Shares of U.S. Bancorp (NYSE:USB)

KLCM Advisors Inc. reduced its stake in shares of U.S. Bancorp (NYSE:USB) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 131,116 shares of the financial services provider’s stock after selling 340 shares during the quarter. KLCM Advisors Inc.’s holdings in U.S. Bancorp were worth $6,271,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. AMF Tjanstepension AB raised its holdings in U.S. Bancorp by 16.9% in the third quarter. AMF Tjanstepension AB now owns 532,105 shares of the financial services provider’s stock worth $24,401,000 after purchasing an additional 76,914 shares during the period. nVerses Capital LLC raised its stake in U.S. Bancorp by 44.8% during the 3rd quarter. nVerses Capital LLC now owns 4,200 shares of the financial services provider’s stock worth $192,000 after buying an additional 1,300 shares during the period. Bleakley Financial Group LLC grew its stake in U.S. Bancorp by 8.3% in the third quarter. Bleakley Financial Group LLC now owns 44,122 shares of the financial services provider’s stock valued at $2,018,000 after acquiring an additional 3,383 shares during the period. Aaron Wealth Advisors LLC increased its holdings in shares of U.S. Bancorp by 26.5% in the third quarter. Aaron Wealth Advisors LLC now owns 7,593 shares of the financial services provider’s stock worth $347,000 after acquiring an additional 1,590 shares in the last quarter. Finally, Stratos Investment Management LLC acquired a new stake in shares of U.S. Bancorp during the third quarter worth about $201,000. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Stock Performance

USB opened at $47.73 on Monday. 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 12-month low of $37.81 and a 12-month high of $53.98. The business has a 50 day moving average of $48.61 and a 200-day moving average of $47.53. The stock has a market cap of $74.46 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 1.77 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. During the same quarter last year, the firm posted $0.99 EPS. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.19%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp’s payout ratio is 52.77%.

Analyst Ratings Changes

USB has been the subject of several research analyst reports. Morgan Stanley decreased their price objective on U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft cut shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price objective on the stock. in a research report on Thursday, October 24th. Citigroup upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their target price for the stock from $49.00 to $65.00 in a report on Monday, November 25th. Raymond James upgraded U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a report on Thursday, December 19th. Finally, Evercore ISI boosted their target price on U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $54.21.

Insider Activity at U.S. Bancorp

In other news, EVP James L. Chosy sold 21,451 shares of U.S. Bancorp stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $47.65, for a total transaction of $1,022,140.15. Following the completion of the sale, the executive vice president now owns 198,127 shares of the company’s stock, valued at approximately $9,440,751.55. This trade represents a 9.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Terrance R. Dolan sold 66,317 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the completion of the transaction, the insider now owns 209,482 shares in the company, valued at $9,837,274.72. This trade represents a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 219,812 shares of company stock worth $10,385,665. Insiders own 0.23% of the company’s stock.

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.