U.S. Bancorp (NYSE:USB) Shares Sold by Trinity Financial Advisors LLC

Trinity Financial Advisors LLC lowered its position in shares of U.S. Bancorp (NYSE:USB) by 10.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,881 shares of the financial services provider’s stock after selling 923 shares during the period. Trinity Financial Advisors LLC’s holdings in U.S. Bancorp were worth $341,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mufg Bank LTD. boosted its stake in U.S. Bancorp by 54.1% in the third quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock valued at $2,260,450,000 after acquiring an additional 24,000,000 shares in the last quarter. Aristotle Capital Management LLC raised its holdings in shares of U.S. Bancorp by 266.6% in the third quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider’s stock valued at $775,842,000 after buying an additional 17,066,479 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of U.S. Bancorp by 5.0% in the third quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock valued at $4,513,127,000 after buying an additional 6,479,642 shares during the last quarter. Barclays PLC raised its holdings in shares of U.S. Bancorp by 120.4% in the third quarter. Barclays PLC now owns 8,810,834 shares of the financial services provider’s stock valued at $291,285,000 after buying an additional 4,813,976 shares during the last quarter. Finally, Ceredex Value Advisors LLC purchased a new stake in shares of U.S. Bancorp in the third quarter valued at about $79,642,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insiders Place Their Bets

In other news, EVP James L. Chosy sold 21,582 shares of the firm’s stock in a transaction 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 approximately $6,837,573.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.23% of the stock is currently owned by insiders.

U.S. Bancorp Trading Up 1.5 %

NYSE USB traded up $0.62 during mid-day trading on Wednesday, reaching $41.25. 4,053,084 shares of the stock were exchanged, compared to its average volume of 8,600,741. U.S. Bancorp has a 1-year low of $27.27 and a 1-year high of $45.85. The business’s fifty day simple moving average is $42.33 and its 200 day simple moving average is $40.34. The stock has a market capitalization of $64.27 billion, a PE ratio of 13.66, a PEG ratio of 2.15 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.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The firm had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter last year, the business earned $1.16 earnings per share. U.S. Bancorp’s revenue was down 6.4% compared to the same quarter last year. On average, research analysts anticipate that U.S. Bancorp will post 3.85 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 Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio is currently 64.90%.

Analyst Ratings Changes

USB has been the subject of a number of research reports. Morgan Stanley upped their target price on shares of U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. Oppenheimer cut their price target on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a report on Thursday, April 18th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $45.00 price target (down from $52.00) on shares of U.S. Bancorp in a report on Thursday, April 18th. Compass Point raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price target for the stock from $46.00 to $49.00 in a report on Friday, March 22nd. Finally, Jefferies Financial Group increased their price target on shares of U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, U.S. Bancorp currently has an average rating of “Hold” and a consensus target price of $46.02.

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.