West Oak Capital LLC cut its stake in U.S. Bancorp (NYSE:USB – Free Report) by 41.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,755 shares of the financial services provider’s stock after selling 1,265 shares during the period. West Oak Capital LLC’s holdings in U.S. Bancorp were worth $84,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. Global Wealth Strategies & Associates grew its holdings in shares of U.S. Bancorp by 70.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock valued at $29,000 after buying an additional 250 shares during the last quarter. Redwood Wealth Management Group LLC purchased a new stake in U.S. Bancorp during the 2nd quarter valued at about $25,000. Frazier Financial Advisors LLC increased its holdings in shares of U.S. Bancorp by 222.7% in the third quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 441 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of U.S. Bancorp in the fourth quarter worth about $38,000. Finally, First Financial Corp IN acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.
Insider Transactions at U.S. Bancorp
In other news, insider Jodi L. Richard sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $49.03, for a total value of $1,225,750.00. Following the completion of the sale, the insider now directly owns 129,790 shares in the company, valued at $6,363,603.70. This represents a 16.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.23% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on U.S. Bancorp
U.S. Bancorp Stock Performance
USB opened at $48.38 on Tuesday. The company has a market cap of $75.47 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 3.01 and a beta of 1.05. The firm’s fifty day simple moving average is $50.22 and its two-hundred day simple moving average is $46.61. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.04. U.S. Bancorp has a 52-week low of $37.81 and a 52-week high of $53.98.
U.S. Bancorp (NYSE:USB – Get Free Report) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The firm had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.90 billion. During the same period in the previous year, the company posted $1.05 earnings per share. The business’s revenue was down 2.4% on a year-over-year basis. Equities analysts anticipate that U.S. Bancorp will post 3.93 earnings per share for the current fiscal year.
U.S. Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date is Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is 61.16%.
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.
Recommended Stories
- Five stocks we like better than U.S. Bancorp
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Cintas: Trade Uncertainty Creates a Buy-the-Dip Opportunity
- 3 Best Fintech Stocks for a Portfolio Boost
- 3 Stocks to Benefit From China’s Rare Earth Export Ban on U.S.
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Why Goldman Sachs Just Upgraded These 3 Stocks and What It Means
Want to see what other hedge funds are holding USB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Bancorp (NYSE:USB – Free Report).
Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.