U.S. Bancorp (NYSE:USB) Shares Sold by Romano Brothers AND Company

Romano Brothers AND Company cut its position in shares of U.S. Bancorp (NYSE:USB) by 29.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,190 shares of the financial services provider’s stock after selling 3,887 shares during the quarter. Romano Brothers AND Company’s holdings in U.S. Bancorp were worth $398,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vestcor Inc increased its holdings in U.S. Bancorp by 0.7% in the fourth quarter. Vestcor Inc now owns 33,480 shares of the financial services provider’s stock worth $1,460,000 after buying an additional 230 shares during the last quarter. Mosaic Family Wealth Partners LLC boosted its holdings in U.S. Bancorp by 1.4% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider’s stock worth $832,000 after purchasing an additional 265 shares in the last quarter. Acadian Asset Management LLC increased its position in U.S. Bancorp by 3.0% during the first quarter. Acadian Asset Management LLC now owns 9,397 shares of the financial services provider’s stock worth $499,000 after buying an additional 276 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in U.S. Bancorp by 3.4% during the first quarter. Gamco Investors INC. ET AL now owns 8,520 shares of the financial services provider’s stock valued at $453,000 after buying an additional 280 shares in the last quarter. Finally, Perkins Capital Management Inc. lifted its holdings in U.S. Bancorp by 2.0% in the 3rd quarter. Perkins Capital Management Inc. now owns 14,984 shares of the financial services provider’s stock worth $495,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Stock Down 0.8 %

U.S. Bancorp stock opened at $41.58 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.05. U.S. Bancorp has a 1-year low of $27.27 and a 1-year high of $45.85. The company has a fifty day simple moving average of $42.29 and a 200 day simple moving average of $39.61. The company has a market cap of $64.79 billion, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.28. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The company had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $6.85 billion. During the same quarter last year, the company earned $1.20 EPS. U.S. Bancorp’s revenue for the quarter was up 6.2% compared to the same quarter last year. Research analysts anticipate that U.S. Bancorp will post 3.87 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have commented on USB shares. StockNews.com cut U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Barclays raised their price objective on shares of U.S. Bancorp from $48.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Oppenheimer decreased their price objective on U.S. Bancorp from $61.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 19th. TheStreet upgraded U.S. Bancorp from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. Finally, HSBC upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and upped their target price for the company from $47.00 to $53.00 in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $47.41.

Insider Buying and Selling

In other news, insider Timothy A. Welsh sold 12,100 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $40.33, for a total transaction of $487,993.00. Following the transaction, the insider now directly owns 106,958 shares in the company, valued at approximately $4,313,616.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other U.S. Bancorp news, insider Timothy A. Welsh sold 12,100 shares of the company’s 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 sale, the insider now owns 106,958 shares in the company, valued at $4,313,616.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp 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 transaction, the insider now owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,265 shares of company stock worth $2,535,903. 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.