Altrius Capital Management Inc Has $4.51 Million Stake in U.S. Bancorp (NYSE:USB)

Altrius Capital Management Inc lowered its stake in shares of U.S. Bancorp (NYSE:USB) by 1.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 104,165 shares of the financial services provider’s stock after selling 1,141 shares during the period. Altrius Capital Management Inc’s holdings in U.S. Bancorp were worth $4,508,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in USB. CGC Financial Services LLC bought a new stake in U.S. Bancorp during the fourth quarter worth about $25,000. BKM Wealth Management LLC bought a new position in U.S. Bancorp in the fourth quarter valued at approximately $26,000. Planned Solutions Inc. bought a new position in U.S. Bancorp in the fourth quarter valued at approximately $27,000. Legacy Financial Group LLC bought a new position in U.S. Bancorp in the third quarter valued at approximately $30,000. Finally, Naples Money Management LLC acquired a new stake in U.S. Bancorp in the fourth quarter worth $30,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Wall Street Analysts Forecast Growth

USB has been the topic of a number of research analyst reports. Barclays dropped their price objective on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. DA Davidson decreased their price target on shares of U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. Compass Point upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their price target for the company from $46.00 to $49.00 in a research note on Friday, March 22nd. Keefe, Bruyette & Woods restated a “market perform” rating and set a $45.00 target price (down previously from $52.00) on shares of U.S. Bancorp in a research report on Thursday, April 18th. Finally, Jefferies Financial Group upped their price target on shares of U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $46.14.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of the business’s 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 $6,255,515.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of the firm’s stock in a transaction 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 sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James L. Chosy sold 21,582 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

U.S. Bancorp Stock Performance

Shares of NYSE:USB traded up $0.17 during trading on Monday, hitting $41.29. The company’s stock had a trading volume of 4,647,208 shares, compared to its average volume of 8,657,470. The company has a 50-day moving average of $42.34 and a 200-day moving average of $40.21. The firm has a market cap of $64.34 billion, a price-to-earnings ratio of 13.68, a P/E/G ratio of 2.13 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. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The business had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period last year, the firm posted $1.16 EPS. The company’s revenue was down 6.4% on a year-over-year basis. On average, sell-side analysts expect that U.S. Bancorp will post 3.86 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $0.49 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 4.75%. U.S. Bancorp’s payout ratio is currently 64.90%.

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.