Sowell Financial Services LLC Sells 10,503 Shares of U.S. Bancorp (NYSE:USB)

Sowell Financial Services LLC cut its stake in U.S. Bancorp (NYSE:USB) by 28.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 26,575 shares of the financial services provider’s stock after selling 10,503 shares during the period. Sowell Financial Services LLC’s holdings in U.S. Bancorp were worth $1,271,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. CWA Asset Management Group LLC bought a new position in U.S. Bancorp during the third quarter worth $249,000. Atria Investments Inc grew its holdings in U.S. Bancorp by 14.4% during the 3rd quarter. Atria Investments Inc now owns 284,832 shares of the financial services provider’s stock worth $13,025,000 after acquiring an additional 35,946 shares during the period. Covestor Ltd raised its position in shares of U.S. Bancorp by 15.2% in the 3rd quarter. Covestor Ltd now owns 1,741 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 230 shares in the last quarter. Sigma Planning Corp lifted its stake in shares of U.S. Bancorp by 10.5% in the 3rd quarter. Sigma Planning Corp now owns 8,355 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 792 shares during the period. Finally, Mayflower Financial Advisors LLC bought a new stake in shares of U.S. Bancorp during the 3rd quarter valued at about $223,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

Shares of NYSE:USB opened at $42.35 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The stock’s fifty day simple moving average is $47.42 and its two-hundred day simple moving average is $47.91. U.S. Bancorp has a 1-year low of $37.81 and a 1-year high of $53.98. The stock has a market cap of $66.06 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.99 earnings per share. As a group, analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

Insider Transactions at U.S. Bancorp

In other news, CEO Andrew Cecere sold 102,044 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the completion of the transaction, the chief executive officer now directly owns 1,230,316 shares of the company’s stock, valued at $58,132,431. This represents a 7.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the sale, the insider now owns 209,482 shares of the company’s stock, valued at approximately $9,837,274.72. The trade was a 24.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 219,812 shares of company stock worth $10,385,665 in the last 90 days. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

USB has been the subject of a number of research analyst reports. Oppenheimer lifted their target price on U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. DA Davidson upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $58.00 to $60.00 in a research note on Thursday, January 2nd. Citigroup raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their target price for the stock from $49.00 to $65.00 in a research note on Monday, November 25th. Morgan Stanley reduced their price target on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, Wells Fargo & Company upped their price objective on shares of U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $54.21.

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.