U.S. Bancorp (NYSE:USB) Shares Sold by Ellenbecker Investment Group

Ellenbecker Investment Group lessened its position in shares of U.S. Bancorp (NYSE:USB) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,077 shares of the financial services provider’s stock after selling 353 shares during the quarter. Ellenbecker Investment Group’s holdings in U.S. Bancorp were worth $339,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new stake in shares of U.S. Bancorp during the 4th quarter valued at about $38,000. First Financial Corp IN purchased a new position in U.S. Bancorp during the fourth quarter worth approximately $41,000. Pallas Capital Advisors LLC boosted its position in U.S. Bancorp by 22.2% during the fourth quarter. Pallas Capital Advisors LLC now owns 11,363 shares of the financial services provider’s stock worth $543,000 after purchasing an additional 2,062 shares in the last quarter. Miracle Mile Advisors LLC grew its holdings in U.S. Bancorp by 96.6% in the fourth quarter. Miracle Mile Advisors LLC now owns 15,531 shares of the financial services provider’s stock valued at $743,000 after purchasing an additional 7,633 shares during the period. Finally, Eastern Bank increased its position in shares of U.S. Bancorp by 0.5% in the fourth quarter. Eastern Bank now owns 200,851 shares of the financial services provider’s stock valued at $9,607,000 after buying an additional 906 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Wall Street Analyst Weigh In

USB has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft cut shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price target on the stock. in a research note on Thursday, October 24th. Oppenheimer dropped their target price on shares of U.S. Bancorp from $66.00 to $62.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Raymond James upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price target for the company in a research report on Thursday, December 19th. Evercore ISI lifted their price objective on U.S. Bancorp from $51.00 to $54.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley raised U.S. Bancorp from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $54.00 to $57.00 in a report on Monday, September 30th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $54.07.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $49.03, for a total value of $1,225,750.00. Following the transaction, the insider now owns 129,790 shares of the company’s stock, valued at $6,363,603.70. This represents a 16.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $48.38 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.04. The company has a 50-day moving average price of $50.22 and a 200 day moving average price of $46.61. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98. The stock has a market cap of $75.47 billion, a P/E ratio of 14.80, a PEG ratio of 3.01 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last announced 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 net margin of 12.92% and a return on equity of 12.91%. The business had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.90 billion. During the same quarter last year, the firm earned $1.05 EPS. The business’s revenue was down 2.4% compared to the same quarter last year. Sell-side analysts anticipate that U.S. Bancorp will post 3.93 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend is Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 61.16%.

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.