PFG Investments LLC Sells 459 Shares of U.S. Bancorp (NYSE:USB)

PFG Investments LLC cut its position in shares of U.S. Bancorp (NYSE:USB) by 3.9% during the 4th quarter, HoldingsChannel reports. The firm owned 11,450 shares of the financial services provider’s stock after selling 459 shares during the period. PFG Investments LLC’s holdings in U.S. Bancorp were worth $496,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Vision Capital Management Inc. boosted its position in shares of U.S. Bancorp by 1.6% during the fourth quarter. Vision Capital Management Inc. now owns 63,541 shares of the financial services provider’s stock valued at $2,750,000 after purchasing an additional 972 shares in the last quarter. New Millennium Group LLC bought a new stake in U.S. Bancorp in the fourth quarter worth $525,000. Powers Advisory Group LLC lifted its holdings in shares of U.S. Bancorp by 7.1% during the fourth quarter. Powers Advisory Group LLC now owns 16,571 shares of the financial services provider’s stock valued at $717,000 after purchasing an additional 1,105 shares in the last quarter. Blackston Financial Advisory Group LLC bought a new position in shares of U.S. Bancorp during the fourth quarter valued at $818,000. Finally, First PREMIER Bank bought a new position in shares of U.S. Bancorp during the fourth quarter valued at $3,878,000. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Trading Up 2.2 %

USB opened at $44.00 on Thursday. The firm has a market cap of $68.56 billion, a P/E ratio of 13.41, a P/E/G ratio of 2.24 and a beta of 1.04. U.S. Bancorp has a 12 month low of $27.27 and a 12 month high of $45.85. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.05. The stock has a 50-day moving average of $41.92 and a 200 day moving average of $38.80.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.85 billion. During the same quarter in the previous year, the business earned $1.20 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, research analysts forecast that U.S. Bancorp will post 3.89 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be given a dividend of $0.49 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 4.45%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 59.76%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on USB. Royal Bank of Canada upped their price objective on U.S. Bancorp from $43.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday, January 18th. Barclays upped their price objective on U.S. Bancorp from $48.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Wells Fargo & Company raised their price objective on U.S. Bancorp from $43.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, December 14th. Odeon Capital Group upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $48.93 price objective for the company in a research note on Thursday, December 14th. Finally, The Goldman Sachs Group upped their target price on shares of U.S. Bancorp from $37.00 to $42.00 and gave the stock a “neutral” rating in a report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $45.23.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Timothy A. Welsh sold 12,100 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $40.33, for a total transaction of $487,993.00. Following the completion of the transaction, the insider now owns 106,958 shares in the company, valued at $4,313,616.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the sale, 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 the SEC website. Also, insider Timothy A. Welsh sold 12,100 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $40.33, for a total value of $487,993.00. Following the completion of the sale, the insider now owns 106,958 shares of the company’s stock, valued at approximately $4,313,616.14. The disclosure for this sale can be found here. Insiders sold 60,265 shares of company stock worth $2,535,903 over the last 90 days. Company insiders own 0.23% of the company’s stock.

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.