U.S. Bancorp (NYSE:USB) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC reduced its stake in U.S. Bancorp (NYSE:USB) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,099 shares of the financial services provider’s stock after selling 3,205 shares during the period. Motley Fool Wealth Management LLC’s holdings in U.S. Bancorp were worth $1,546,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Winch Advisory Services LLC boosted its position in shares of U.S. Bancorp by 1,088.9% in the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock worth $26,000 after buying an additional 490 shares during the period. J.Safra Asset Management Corp purchased a new position in U.S. Bancorp in the 4th quarter worth approximately $26,000. FPC Investment Advisory Inc. acquired a new stake in U.S. Bancorp in the fourth quarter valued at approximately $28,000. Global Wealth Strategies & Associates raised its stake in shares of U.S. Bancorp by 70.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 250 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new position in shares of U.S. Bancorp during the fourth quarter worth $30,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

USB has been the subject of a number of recent analyst reports. Raymond James raised 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 report on Thursday, December 19th. Citigroup dropped their target price on U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday. Oppenheimer increased their price target on U.S. Bancorp from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Compass Point lifted their price objective on U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Bank of America reduced their target price on U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, U.S. Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $53.48.

U.S. Bancorp Trading Up 0.1 %

NYSE:USB opened at $43.74 on Thursday. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The business has a 50 day simple moving average of $45.96 and a 200 day simple moving average of $47.60. The firm has a market capitalization of $68.15 billion, a P/E ratio of 11.54, a P/E/G ratio of 1.73 and a beta of 1.02.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 earnings per share. Equities research analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.50 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.57%. U.S. Bancorp’s payout ratio is currently 52.77%.

Insider Activity

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