Cwm LLC Purchases 39,067 Shares of U.S. Bancorp (NYSE:USB)

Cwm LLC grew its position in shares of U.S. Bancorp (NYSE:USB) by 34.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 150,852 shares of the financial services provider’s stock after buying an additional 39,067 shares during the quarter. Cwm LLC’s holdings in U.S. Bancorp were worth $6,529,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of USB. CGC Financial Services LLC bought a new position in U.S. Bancorp in the fourth quarter worth about $25,000. BKM Wealth Management LLC bought a new position in U.S. Bancorp in the fourth quarter worth about $26,000. Planned Solutions Inc. bought a new position in U.S. Bancorp in the fourth quarter worth about $27,000. Legacy Financial Group LLC bought a new position in U.S. Bancorp in the third quarter worth about $30,000. Finally, Naples Money Management LLC bought a new position in U.S. Bancorp in the fourth quarter worth about $30,000. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Trading Down 0.2 %

NYSE:USB opened at $40.96 on Wednesday. The company’s 50 day moving average price is $42.34 and its 200-day moving average price is $40.03. U.S. Bancorp has a 52 week low of $27.27 and a 52 week high of $45.85. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07. The stock has a market cap of $63.82 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 2.13 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.16 earnings per share. On average, equities research analysts forecast that U.S. Bancorp will post 3.86 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a dividend of $0.49 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 4.79%. U.S. Bancorp’s dividend payout ratio (DPR) is 64.90%.

Insider Activity at U.S. Bancorp

In related news, EVP James L. Chosy sold 21,582 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the transaction, the executive vice president now owns 164,880 shares in the company, valued at $6,837,573.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total value of $1,152,904.71. Following the transaction, the insider now directly owns 144,236 shares in the company, valued at $6,255,515.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James L. Chosy sold 21,582 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 164,880 shares in the company, valued at $6,837,573.60. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. DA Davidson decreased their price target on shares of U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. Barclays cut their price objective on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Wells Fargo & Company cut their price objective on shares of U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. StockNews.com cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Finally, HSBC upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and upped their price objective for the stock from $47.00 to $53.00 in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $46.14.

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.