Quadrant Capital Group LLC Lowers Stock Position in U.S. Bancorp (NYSE:USB)

Quadrant Capital Group LLC cut its position in shares of U.S. Bancorp (NYSE:USB) by 8.1% during the 4th quarter, Holdings Channel reports. The firm owned 21,625 shares of the financial services provider’s stock after selling 1,897 shares during the quarter. Quadrant Capital Group LLC’s holdings in U.S. Bancorp were worth $1,034,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. increased its position in shares of U.S. Bancorp by 267.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 19,036 shares of the financial services provider’s stock valued at $871,000 after acquiring an additional 13,849 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of U.S. Bancorp by 5.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 31,917 shares of the financial services provider’s stock worth $1,460,000 after purchasing an additional 1,792 shares during the period. IHT Wealth Management LLC boosted its holdings in shares of U.S. Bancorp by 6.4% in the 3rd quarter. IHT Wealth Management LLC now owns 11,635 shares of the financial services provider’s stock worth $529,000 after buying an additional 697 shares during the last quarter. Morse Asset Management Inc bought a new position in U.S. Bancorp during the third quarter valued at about $229,000. Finally, Quantinno Capital Management LP raised its position in U.S. Bancorp by 24.8% in the third quarter. Quantinno Capital Management LP now owns 94,867 shares of the financial services provider’s stock worth $4,338,000 after acquiring an additional 18,842 shares during the period. 77.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Andrew Cecere sold 102,044 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 1,230,316 shares of the company’s stock, valued at $58,132,431. This trade represents a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP James L. Chosy sold 21,451 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total transaction of $1,022,140.15. Following the transaction, the executive vice president now directly owns 198,127 shares in the company, valued at approximately $9,440,751.55. The trade was a 9.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 219,812 shares of company stock worth $10,385,665. 0.23% of the stock is currently owned by company insiders.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock opened at $36.78 on Monday. 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 one year low of $34.73 and a one year high of $53.98. The business’s 50 day simple moving average is $44.92 and its two-hundred day simple moving average is $47.44. The stock has a market capitalization of $57.30 billion, a P/E ratio of 9.70, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 EPS. Analysts forecast that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date is Monday, March 31st. U.S. Bancorp’s payout ratio is 52.77%.

Analyst Ratings Changes

A number of equities research analysts recently commented on USB shares. DA Davidson raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $58.00 to $60.00 in a report on Thursday, January 2nd. Compass Point boosted their price objective on U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Barclays raised their price objective on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. The Goldman Sachs Group lowered their target price 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. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $43.50 price target (down from $51.00) on shares of U.S. Bancorp in a report on Thursday. 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. According to MarketBeat.com, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $52.89.

U.S. Bancorp Company 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.