Howe & Rusling Inc. Sells 12,107 Shares of U.S. Bancorp (NYSE:USB)

Howe & Rusling Inc. trimmed its position in shares of U.S. Bancorp (NYSE:USB) by 7.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 141,965 shares of the financial services provider’s stock after selling 12,107 shares during the period. Howe & Rusling Inc.’s holdings in U.S. Bancorp were worth $6,144,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Exchange Traded Concepts LLC raised its holdings in U.S. Bancorp by 7,110.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,461 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 3,413 shares during the last quarter. Accurate Wealth Management LLC grew its position in shares of U.S. Bancorp by 18.7% during the 3rd quarter. Accurate Wealth Management LLC now owns 10,879 shares of the financial services provider’s stock valued at $379,000 after acquiring an additional 1,714 shares during the period. Chevy Chase Trust Holdings LLC grew its position in shares of U.S. Bancorp by 9.5% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 887,073 shares of the financial services provider’s stock valued at $29,327,000 after acquiring an additional 76,929 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of U.S. Bancorp by 2.6% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 197,233 shares of the financial services provider’s stock valued at $6,521,000 after acquiring an additional 4,996 shares during the period. Finally, Xponance Inc. grew its position in shares of U.S. Bancorp by 6.6% during the 3rd quarter. Xponance Inc. now owns 191,653 shares of the financial services provider’s stock valued at $6,336,000 after acquiring an additional 11,824 shares during the period. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Stock Up 1.5 %

USB traded up $0.62 during trading hours on Wednesday, hitting $41.25. 4,251,546 shares of the company’s stock were exchanged, compared to its average volume of 8,603,454. U.S. Bancorp has a 12-month low of $27.27 and a 12-month high of $45.85. The firm has a 50 day moving average of $42.33 and a 200 day moving average of $40.34. The firm has a market cap of $64.27 billion, a P/E ratio of 13.66, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. The company had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The business’s revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the business earned $1.16 EPS. Analysts predict that U.S. Bancorp will post 3.85 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.75%. U.S. Bancorp’s payout ratio is currently 64.90%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on USB shares. Royal Bank of Canada upped their target price on shares of U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $45.00 target price (down previously from $52.00) on shares of U.S. Bancorp in a report on Thursday, April 18th. JPMorgan Chase & Co. dropped their price objective on shares of U.S. Bancorp from $45.00 to $43.50 and set an “overweight” rating for the company in a report on Wednesday. Compass Point raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price objective for the company from $46.00 to $49.00 in a report on Friday, March 22nd. Finally, HSBC raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and increased their price objective for the company from $47.00 to $53.00 in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $46.02.

Insider Transactions at U.S. Bancorp

In related news, EVP James L. Chosy sold 21,582 shares of the company’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 sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.23% of the company’s stock.

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.