U.S. Bancorp (NYSE:USB) Position Cut by Level Four Advisory Services LLC

Level Four Advisory Services LLC lowered its position in shares of U.S. Bancorp (NYSE:USB) by 4.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,281 shares of the financial services provider’s stock after selling 259 shares during the period. Level Four Advisory Services LLC’s holdings in U.S. Bancorp were worth $300,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. boosted its position in shares of U.S. Bancorp by 26.8% during the third quarter. Rockefeller Capital Management L.P. now owns 325,838 shares of the financial services provider’s stock worth $14,900,000 after buying an additional 68,852 shares during the period. Captrust Financial Advisors boosted its position in U.S. Bancorp by 0.9% during the 3rd quarter. Captrust Financial Advisors now owns 231,910 shares of the financial services provider’s stock worth $10,605,000 after acquiring an additional 2,089 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of U.S. Bancorp by 544.1% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 13,894 shares of the financial services provider’s stock worth $635,000 after purchasing an additional 11,737 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of U.S. Bancorp by 1,261.6% during the third quarter. Benjamin Edwards Inc. now owns 142,264 shares of the financial services provider’s stock valued at $6,506,000 after purchasing an additional 131,816 shares during the period. Finally, Concentric Capital Strategies LP bought a new stake in shares of U.S. Bancorp during the third quarter valued at about $3,320,000. 77.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Raymond James upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a research report on Thursday, December 19th. Oppenheimer boosted 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. Barclays increased their price target on U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Morgan Stanley dropped their price objective on U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, DA Davidson raised U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their target price for the company from $58.00 to $60.00 in a research note on Thursday, January 2nd. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $53.21.

U.S. Bancorp Stock Down 0.0 %

Shares of U.S. Bancorp stock opened at $42.24 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. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98. The stock has a 50-day moving average price of $45.62 and a 200 day moving average price of $47.58. The company has a market cap of $65.81 billion, a P/E ratio of 11.15, a P/E/G ratio of 1.73 and a beta of 1.02.

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

U.S. Bancorp Dividend Announcement

The firm also recently announced 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. This represents a $2.00 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend is Monday, March 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 52.77%.

Insiders Place Their Bets

In related news, insider Jodi L. Richard sold 30,000 shares of U.S. Bancorp stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $47.59, for a total value of $1,427,700.00. Following the completion of the sale, the insider now owns 99,790 shares of the company’s stock, valued at approximately $4,749,006.10. The trade was a 23.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Terrance R. Dolan sold 66,317 shares of the 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 in the company, valued at $9,837,274.72. The trade was a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 219,812 shares of company stock valued at $10,385,665 over the last ninety days. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp Company 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.