Woodmont Investment Counsel LLC Sells 823 Shares of U.S. Bancorp (NYSE:USB)

Woodmont Investment Counsel LLC trimmed its position in shares of U.S. Bancorp (NYSE:USB) by 2.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 30,009 shares of the financial services provider’s stock after selling 823 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in U.S. Bancorp were worth $1,267,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Covea Finance purchased a new stake in U.S. Bancorp in the 1st quarter worth approximately $3,546,000. DMKC Advisory Services LLC raised its holdings in shares of U.S. Bancorp by 1.1% during the first quarter. DMKC Advisory Services LLC now owns 88,108 shares of the financial services provider’s stock valued at $3,720,000 after acquiring an additional 943 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. lifted its stake in U.S. Bancorp by 1.8% in the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 352,259 shares of the financial services provider’s stock worth $14,872,000 after acquiring an additional 6,158 shares during the period. Proathlete Wealth Management LLC purchased a new stake in U.S. Bancorp in the first quarter worth $87,000. Finally, Good Steward Wealth Advisors LLC bought a new stake in U.S. Bancorp in the first quarter valued at $708,000. 77.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on USB. Barclays decreased their price objective on shares of U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $43.50 target price (down previously from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. Bank of America dropped their price target on U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. The Goldman Sachs Group raised their price objective on U.S. Bancorp from $41.00 to $46.00 and gave the company a “neutral” rating in a research report on Tuesday, June 10th. Finally, DA Davidson dropped their target price on U.S. Bancorp from $54.00 to $49.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, U.S. Bancorp currently has an average rating of “Moderate Buy” and a consensus price target of $50.72.

Insider Buying and Selling at U.S. Bancorp

In related news, Director Aleem Gillani bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 21st. The stock was bought at an average cost of $37.32 per share, with a total value of $186,600.00. Following the completion of the purchase, the director now owns 15,000 shares of the company’s stock, valued at approximately $559,800. The trade was a 50.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Price Performance

Shares of NYSE:USB opened at $43.34 on Friday. The firm’s 50 day moving average price is $42.25 and its 200-day moving average price is $44.78. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $67.53 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.62 and a beta of 0.99. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.06. The firm 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 15.70% and a return on equity of 13.02%. During the same quarter in the previous year, the firm posted $0.78 EPS. Equities research analysts expect 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, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.00 annualized dividend and a yield of 4.61%. U.S. Bancorp’s payout ratio is 49.50%.

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.