U.S. Bancorp (NYSE:USB) Shares Sold by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC lowered its holdings in U.S. Bancorp (NYSE:USB) by 10.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,677 shares of the financial services provider’s stock after selling 799 shares during the quarter. Crestwood Advisors Group LLC’s holdings in U.S. Bancorp were worth $289,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Bray Capital Advisors raised its holdings in shares of U.S. Bancorp by 4.0% in the 4th quarter. Bray Capital Advisors now owns 31,904 shares of the financial services provider’s stock valued at $1,381,000 after buying an additional 1,218 shares during the period. Horst & Graben Wealth Management LLC acquired a new position in U.S. Bancorp in the 4th quarter valued at about $237,000. Simplicity Solutions LLC lifted its position in shares of U.S. Bancorp by 21.4% during the fourth quarter. Simplicity Solutions LLC now owns 44,360 shares of the financial services provider’s stock worth $1,920,000 after purchasing an additional 7,814 shares in the last quarter. Vaughan David Investments LLC IL raised its position in U.S. Bancorp by 11.0% in the 4th quarter. Vaughan David Investments LLC IL now owns 784,645 shares of the financial services provider’s stock valued at $33,959,000 after purchasing an additional 78,031 shares in the last quarter. Finally, Friedenthal Financial purchased a new position in shares of U.S. Bancorp in the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Buying and Selling

In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the transaction, the insider now owns 144,236 shares in the company, valued at $6,255,515.32. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Terrance R. Dolan sold 26,583 shares of the company’s stock in a transaction 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 directly owns 144,236 shares in the company, valued at $6,255,515.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Timothy A. Welsh sold 12,100 shares of U.S. Bancorp stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $40.33, for a total value of $487,993.00. Following 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 have sold 60,265 shares of company stock worth $2,535,903 in the last three months. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Performance

NYSE USB opened at $41.58 on Monday. The stock has a market capitalization of $64.79 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 2.15 and a beta of 1.05. The business’s 50 day moving average is $42.29 and its two-hundred day moving average is $39.61. 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.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.71 by $0.28. The company had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.85 billion. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The business’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 EPS. Research analysts expect that U.S. Bancorp will post 3.87 EPS for the current year.

U.S. Bancorp Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently weighed in on USB. Oppenheimer reduced their target price on shares of U.S. Bancorp from $61.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, March 19th. Evercore ISI increased their target price on U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. HSBC raised U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their price target for the stock from $47.00 to $53.00 in a report on Thursday, March 28th. Jefferies Financial Group increased their price objective on U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a report on Monday, April 8th. 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 note on Thursday, January 18th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $47.41.

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.