Stifel Financial Corp Decreases Position in U.S. Bancorp (NYSE:USB)

Stifel Financial Corp lessened its stake in U.S. Bancorp (NYSE:USB) by 6.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,489,618 shares of the financial services provider’s stock after selling 231,205 shares during the quarter. Stifel Financial Corp owned approximately 0.22% of U.S. Bancorp worth $166,909,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of USB. Van Lanschot Kempen Investment Management N.V. increased its stake in shares of U.S. Bancorp by 4.2% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 448,238 shares of the financial services provider’s stock worth $21,439,000 after purchasing an additional 18,188 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in U.S. Bancorp by 4.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 202,917 shares of the financial services provider’s stock valued at $9,712,000 after acquiring an additional 9,053 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of U.S. Bancorp by 159.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 100,941 shares of the financial services provider’s stock worth $4,828,000 after acquiring an additional 61,964 shares during the period. Transce3nd LLC purchased a new position in shares of U.S. Bancorp in the fourth quarter valued at $109,000. Finally, Mirabella Financial Services LLP purchased a new stake in U.S. Bancorp during the 4th quarter worth about $914,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lowered their price target on shares of U.S. Bancorp from $51.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Oppenheimer raised their price target on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Bank of America reduced their target price on U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Monday, March 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 report 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 report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, U.S. Bancorp has a consensus rating of “Moderate Buy” and an average price target of $50.66.

U.S. Bancorp Stock Down 0.9 %

Shares of NYSE:USB opened at $37.85 on Tuesday. The stock’s 50-day moving average is $42.35 and its 200 day moving average is $46.76. The company has a market cap of $58.97 billion, a PE ratio of 9.99, a P/E/G ratio of 1.73 and a beta of 0.91. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.92 billion. During the same period in the previous year, the firm earned $0.78 earnings per share. Sell-side analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current 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 given a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 5.28%. U.S. Bancorp’s dividend payout ratio is 49.50%.

Insider Activity

In other U.S. Bancorp news, insider Terrance R. Dolan sold 66,317 shares of U.S. Bancorp stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the sale, the insider now directly owns 209,482 shares of the company’s stock, valued at approximately $9,837,274.72. The trade was a 24.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew Cecere sold 102,044 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total value 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. This represents a 7.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 219,812 shares of company stock valued at $10,385,665. Corporate insiders own 0.23% of the company’s stock.

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.