Bogart Wealth LLC Trims Stock Holdings in U.S. Bancorp (NYSE:USB)

Bogart Wealth LLC lowered its position in shares of U.S. Bancorp (NYSE:USB) by 9.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,113 shares of the financial services provider’s stock after selling 533 shares during the period. Bogart Wealth LLC’s holdings in U.S. Bancorp were worth $221,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. CGC Financial Services LLC bought a new stake in U.S. Bancorp during the fourth quarter valued at approximately $25,000. BKM Wealth Management LLC bought a new stake in U.S. Bancorp during the fourth quarter valued at approximately $26,000. Planned Solutions Inc. bought a new stake in U.S. Bancorp during the fourth quarter valued at approximately $27,000. Naples Money Management LLC bought a new stake in U.S. Bancorp during the fourth quarter valued at approximately $30,000. Finally, First Command Advisory Services Inc. bought a new stake in U.S. Bancorp during the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on USB shares. Compass Point upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their target price for the company from $46.00 to $49.00 in a research report on Friday, March 22nd. Morgan Stanley boosted their price objective on shares of U.S. Bancorp from $44.00 to $45.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. Jefferies Financial Group boosted their price objective 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. HSBC upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $47.00 to $53.00 in a report on Thursday, March 28th. Finally, Wells Fargo & Company lowered their price objective on shares of U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $46.02.

U.S. Bancorp Trading Up 0.3 %

NYSE USB traded up $0.11 during trading on Wednesday, hitting $41.69. The company had a trading volume of 8,566,435 shares, compared to its average volume of 8,547,586. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. U.S. Bancorp has a one year low of $28.53 and a one year high of $45.85. The company has a market cap of $65.06 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05. The company’s fifty day moving average is $42.35 and its 200-day moving average is $40.64.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, topping the consensus estimate 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 in the prior year, the business earned $1.16 EPS. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, sell-side analysts predict that U.S. Bancorp will post 3.84 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $0.49 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 4.70%. U.S. Bancorp’s payout ratio is 64.90%.

Insider Buying and Selling

In related news, EVP James L. Chosy sold 21,582 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the transaction, the executive vice president now directly owns 164,880 shares in the company, valued at approximately $6,837,573.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.23% of the stock is owned by company insiders.

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.