LRI Investments LLC Lowers Stock Holdings in U.S. Bancorp (NYSE:USB)

LRI Investments LLC trimmed its holdings in shares of U.S. Bancorp (NYSE:USB) by 7.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,466 shares of the financial services provider’s stock after selling 574 shares during the period. LRI Investments LLC’s holdings in U.S. Bancorp were worth $357,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Winch Advisory Services LLC lifted its holdings in shares of U.S. Bancorp by 1,088.9% during the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 490 shares during the last quarter. J.Safra Asset Management Corp purchased a new position in U.S. Bancorp in the 4th quarter worth approximately $26,000. FPC Investment Advisory Inc. purchased a new position in U.S. Bancorp in the 4th quarter worth approximately $28,000. Stonebridge Financial Group LLC purchased a new position in U.S. Bancorp in the 4th quarter worth approximately $30,000. Finally, Picton Mahoney Asset Management purchased a new position in U.S. Bancorp in the 4th quarter worth approximately $30,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on USB. JPMorgan Chase & Co. restated an “underweight” rating and issued a $43.50 price objective (down from $51.00) on shares of U.S. Bancorp in a report on Thursday, April 3rd. Barclays decreased their target price on shares of U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. DA Davidson decreased their target price on shares of U.S. Bancorp from $54.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Royal Bank of Canada decreased their target price on shares of U.S. Bancorp from $57.00 to $50.00 and set an “outperform” rating for the company in a research note on Thursday, April 17th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of U.S. Bancorp from $54.00 to $49.00 and set a “market perform” rating for the company in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, U.S. Bancorp has an average rating of “Moderate Buy” and an average price target of $50.48.

Insiders Place Their Bets

In related news, Director Aleem Gillani purchased 5,000 shares of the firm’s stock in a transaction on Monday, April 21st. The shares were acquired 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp Trading Down 0.3%

Shares of U.S. Bancorp stock opened at $42.01 on Monday. The company has a market capitalization of $65.45 billion, a P/E ratio of 11.08, a P/E/G ratio of 1.73 and a beta of 0.97. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The company has a fifty day moving average of $40.71 and a 200 day moving average of $46.12. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.06. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. During the same quarter in the prior year, the firm posted $0.78 EPS. On average, sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.76%. The ex-dividend date was Monday, March 31st. U.S. Bancorp’s payout ratio is currently 49.50%.

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.