U.S. Bancorp (NYSE:USB) Holdings Decreased by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. decreased its holdings in shares of U.S. Bancorp (NYSE:USB) by 29.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,646 shares of the financial services provider’s stock after selling 5,694 shares during the quarter. Geneos Wealth Management Inc.’s holdings in U.S. Bancorp were worth $591,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of USB. BCK Partners Inc. purchased a new position in shares of U.S. Bancorp during the first quarter valued at $2,514,000. Acadian Asset Management LLC grew its stake in U.S. Bancorp by 3.0% in the first quarter. Acadian Asset Management LLC now owns 9,397 shares of the financial services provider’s stock valued at $499,000 after purchasing an additional 276 shares in the last quarter. Vontobel Holding Ltd. grew its stake in U.S. Bancorp by 20.8% in the first quarter. Vontobel Holding Ltd. now owns 21,314 shares of the financial services provider’s stock valued at $1,176,000 after purchasing an additional 3,663 shares in the last quarter. Prudential PLC purchased a new position in U.S. Bancorp in the first quarter valued at about $1,731,000. Finally, Candriam Luxembourg S.C.A. grew its stake in U.S. Bancorp by 5.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 86,048 shares of the financial services provider’s stock valued at $4,573,000 after purchasing an additional 4,827 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on USB. Morgan Stanley boosted their target price on U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Keefe, Bruyette & Woods boosted their target price on U.S. Bancorp from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Barclays upped their price target on U.S. Bancorp from $48.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. The Goldman Sachs Group upped their price target on U.S. Bancorp from $37.00 to $42.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 19th. Finally, StockNews.com downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $47.41.

Insider Transactions at U.S. Bancorp

In other news, insider Timothy A. Welsh sold 12,100 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $40.33, for a total value of $487,993.00. Following the completion of the transaction, the insider now directly owns 106,958 shares of the company’s stock, valued at approximately $4,313,616.14. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Terrance R. Dolan sold 26,583 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total value of $1,152,904.71. Following the completion of the transaction, the insider now directly owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Timothy A. Welsh sold 12,100 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $40.33, for a total value of $487,993.00. Following the completion of the transaction, the insider now directly owns 106,958 shares of the company’s stock, valued at $4,313,616.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 60,265 shares of company stock valued at $2,535,903. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp Trading Down 0.8 %

U.S. Bancorp stock opened at $41.58 on Friday. The business has a 50 day moving average price of $42.29 and a two-hundred day moving average price of $39.51. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.05. The stock has a market cap of $64.79 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05. U.S. Bancorp has a 12 month low of $27.27 and a 12 month high of $45.85.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.71 by $0.28. The firm had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $6.85 billion. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.20 EPS. As a group, equities analysts forecast that U.S. Bancorp will post 3.87 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.71%. U.S. Bancorp’s dividend payout ratio (DPR) is 59.76%.

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.