Romano Brothers AND Company Cuts Position in U.S. Bancorp (NYSE:USB)

Romano Brothers AND Company trimmed its holdings in shares of U.S. Bancorp (NYSE:USBFree Report) by 29.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,190 shares of the financial services provider’s stock after selling 3,887 shares during the period. Romano Brothers AND Company’s holdings in U.S. Bancorp were worth $398,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Scotia Capital Inc. boosted its holdings in U.S. Bancorp by 2.9% in the third quarter. Scotia Capital Inc. now owns 35,012 shares of the financial services provider’s stock worth $1,158,000 after acquiring an additional 990 shares in the last quarter. National Bank of Canada FI boosted its stake in U.S. Bancorp by 292.1% in the 3rd quarter. National Bank of Canada FI now owns 1,386,413 shares of the financial services provider’s stock worth $44,555,000 after purchasing an additional 1,032,866 shares in the last quarter. Tealwood Asset Management Inc. grew its position in U.S. Bancorp by 33.4% during the 4th quarter. Tealwood Asset Management Inc. now owns 62,539 shares of the financial services provider’s stock valued at $2,707,000 after purchasing an additional 15,665 shares during the last quarter. Van ECK Associates Corp increased its stake in U.S. Bancorp by 19.4% during the 3rd quarter. Van ECK Associates Corp now owns 8,677,378 shares of the financial services provider’s stock valued at $286,874,000 after purchasing an additional 1,410,324 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in U.S. Bancorp by 104.3% in the fourth quarter. SG Americas Securities LLC now owns 105,090 shares of the financial services provider’s stock worth $4,548,000 after buying an additional 53,653 shares during the last quarter. 77.60% of the stock is owned by institutional investors.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the stock in a transaction dated Friday, February 16th. The shares were 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 of the company’s stock, valued at approximately $6,837,573.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total value of $1,152,904.71. Following the sale, the insider now owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The transaction was disclosed in a filing with the SEC, which is accessible 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 shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the transaction, the executive vice president now owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,265 shares of company stock worth $2,535,903. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Performance

NYSE USB opened at $41.58 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.05. U.S. Bancorp has a twelve month low of $27.27 and a twelve month high of $45.85. The business has a 50-day moving average price of $42.29 and a 200-day moving average price of $39.61. The firm has a market cap of $64.79 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05.

U.S. Bancorp (NYSE:USBGet Free Report) last posted its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.28. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The company had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $6.85 billion. During the same period in the previous year, the firm earned $1.20 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. As a group, equities research analysts predict that U.S. Bancorp will post 3.87 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be paid a dividend of $0.49 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.71%. U.S. Bancorp’s payout ratio is 59.76%.

Wall Street Analyst Weigh In

USB has been the topic of a number of recent analyst reports. UBS Group increased their price target on shares of U.S. Bancorp from $35.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. The Goldman Sachs Group lifted their target price on U.S. Bancorp from $37.00 to $42.00 and gave the stock a “neutral” rating in a report on Tuesday, December 19th. Jefferies Financial Group boosted their price target on U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. StockNews.com cut U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Finally, Royal Bank of Canada boosted their target price on U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, U.S. Bancorp presently has a consensus rating of “Hold” and an average price target of $47.41.

Check Out Our Latest Stock Analysis on USB

U.S. Bancorp Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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