PFG Investments LLC Sells 2,408 Shares of U.S. Bancorp (NYSE:USB)

PFG Investments LLC lowered its stake in shares of U.S. Bancorp (NYSE:USB) by 21.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,042 shares of the financial services provider’s stock after selling 2,408 shares during the period. PFG Investments LLC’s holdings in U.S. Bancorp were worth $404,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Vestor Capital LLC increased its stake in shares of U.S. Bancorp by 1.5% during the 4th quarter. Vestor Capital LLC now owns 17,179 shares of the financial services provider’s stock worth $744,000 after purchasing an additional 253 shares during the last quarter. Mosaic Family Wealth Partners LLC increased its stake in shares of U.S. Bancorp by 1.4% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider’s stock worth $832,000 after purchasing an additional 265 shares during the last quarter. Wealth Alliance increased its stake in shares of U.S. Bancorp by 0.5% during the 4th quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock worth $2,131,000 after purchasing an additional 266 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of U.S. Bancorp by 8.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,757 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 285 shares during the last quarter. Finally, United Community Bank increased its stake in shares of U.S. Bancorp by 0.7% during the 4th quarter. United Community Bank now owns 40,371 shares of the financial services provider’s stock worth $1,747,000 after purchasing an additional 289 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insider Activity

In other news, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the transaction, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Trading Down 1.6 %

U.S. Bancorp stock traded down $0.66 during mid-day trading on Tuesday, hitting $40.63. The company’s stock had a trading volume of 8,861,593 shares, compared to its average volume of 8,659,941. The stock has a market cap of $63.31 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05. The business has a 50 day moving average price of $42.33 and a 200-day moving average price of $40.34. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. U.S. Bancorp has a 12 month low of $27.27 and a 12 month high of $45.85.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.89 by $0.01. The firm had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.16 earnings per share. As a group, analysts forecast that U.S. Bancorp will post 3.86 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.82%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is 64.90%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on USB shares. HSBC upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their price objective for the company from $47.00 to $53.00 in a research note on Thursday, March 28th. Royal Bank of Canada lifted their price objective on shares of U.S. Bancorp from $43.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. Barclays reduced their price target on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. StockNews.com downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Finally, Oppenheimer dropped their price objective 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. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $46.14.

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.