Sumitomo Mitsui DS Asset Management Company Ltd Sells 1,027 Shares of U.S. Bancorp (NYSE:USB)

Sumitomo Mitsui DS Asset Management Company Ltd lessened its holdings in U.S. Bancorp (NYSE:USB) by 0.5% in the fourth quarter, Holdings Channel reports. The firm owned 187,619 shares of the financial services provider’s stock after selling 1,027 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in U.S. Bancorp were worth $8,120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Scotia Capital Inc. grew its stake in shares of U.S. Bancorp by 2.9% during the 3rd 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 during the period. Tealwood Asset Management Inc. lifted its holdings 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 worth $2,707,000 after purchasing an additional 15,665 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in U.S. Bancorp during the 4th quarter worth about $4,073,000. Van ECK Associates Corp lifted its holdings 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 worth $286,874,000 after purchasing an additional 1,410,324 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in U.S. Bancorp by 104.3% during the 4th quarter. SG Americas Securities LLC now owns 105,090 shares of the financial services provider’s stock worth $4,548,000 after purchasing an additional 53,653 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. StockNews.com cut U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $45.00 price objective (down previously from $52.00) on shares of U.S. Bancorp in a report on Thursday. Morgan Stanley raised their price target on U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. DA Davidson lowered their price target on U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Wells Fargo & Company lowered their price target on U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $46.14.

Insider Activity

In other news, insider Terrance R. Dolan sold 26,583 shares of the firm’s 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 completion of the transaction, the insider now owns 144,236 shares in the company, valued at approximately $6,255,515.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction 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 owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.

U.S. Bancorp Price Performance

Shares of USB stock opened at $40.45 on Monday. The firm has a market cap of $63.03 billion, a P/E ratio of 13.39, a P/E/G ratio of 2.10 and a beta of 1.05. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. The business’s 50 day moving average price is $42.32 and its 200-day moving average price is $39.90. U.S. Bancorp has a fifty-two week low of $27.27 and a fifty-two week high of $45.85.

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

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s payout ratio is presently 64.90%.

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.