Wrapmanager Inc. Has $963,000 Holdings in U.S. Bancorp (NYSE:USB)

Wrapmanager Inc. lessened its holdings in shares of U.S. Bancorp (NYSE:USB) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,243 shares of the financial services provider’s stock after selling 972 shares during the period. Wrapmanager Inc.’s holdings in U.S. Bancorp were worth $963,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. CGC Financial Services LLC acquired a new stake in shares of U.S. Bancorp during the 4th quarter worth approximately $25,000. BKM Wealth Management LLC bought a new position in U.S. Bancorp in the 4th quarter valued at approximately $26,000. Planned Solutions Inc. bought a new position in shares of U.S. Bancorp during the fourth quarter valued at $27,000. Naples Money Management LLC bought a new position in shares of U.S. Bancorp during the fourth quarter valued at $30,000. Finally, Friedenthal Financial bought a new position in shares of U.S. Bancorp during the fourth quarter valued at $46,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Oppenheimer dropped their price target on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a research note on Thursday, April 18th. Compass Point raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their price target for the company from $46.00 to $49.00 in a research note on Friday, March 22nd. Barclays lowered their target price on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $45.00 target price (down previously from $52.00) on shares of U.S. Bancorp in a research note on Thursday, April 18th. Finally, Wells Fargo & Company lowered their target price on shares of U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $46.02.

Insider Activity at U.S. Bancorp

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 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 owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Stock Up 0.7 %

U.S. Bancorp stock traded up $0.31 during midday trading on Friday, hitting $41.85. 4,839,900 shares of the stock were exchanged, compared to its average volume of 8,487,229. U.S. Bancorp has a 52-week low of $28.53 and a 52-week high of $45.85. The stock has a market capitalization of $65.31 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05. The business’s 50-day moving average price is $42.35 and its 200-day moving average price is $40.65. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07.

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 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%. U.S. Bancorp’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.16 earnings per share. On average, research analysts expect that U.S. Bancorp will post 3.84 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.68%. U.S. Bancorp’s dividend payout ratio is currently 64.90%.

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.