Tocqueville Asset Management L.P. trimmed its holdings in shares of U.S. Bancorp (NYSE:USB) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 431,223 shares of the financial services provider’s stock after selling 9,614 shares during the period. Tocqueville Asset Management L.P.’s holdings in U.S. Bancorp were worth $25,567,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in USB. Kanawha Capital Management LLC lifted its stake in U.S. Bancorp by 0.8% during the 2nd quarter. Kanawha Capital Management LLC now owns 141,478 shares of the financial services provider’s stock valued at $7,413,000 after acquiring an additional 1,095 shares during the period. ETRADE Capital Management LLC lifted its stake in U.S. Bancorp by 81.2% during the 2nd quarter. ETRADE Capital Management LLC now owns 13,749 shares of the financial services provider’s stock valued at $720,000 after acquiring an additional 6,163 shares during the period. Little House Capital LLC lifted its stake in U.S. Bancorp by 33,932.8% during the 2nd quarter. Little House Capital LLC now owns 169,143 shares of the financial services provider’s stock valued at $8,863,000 after acquiring an additional 168,646 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in U.S. Bancorp by 5.0% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 5,870 shares of the financial services provider’s stock valued at $308,000 after acquiring an additional 280 shares during the period. Finally, Asset Management One Co. Ltd. lifted its stake in U.S. Bancorp by 6.9% during the 2nd quarter. Asset Management One Co. Ltd. now owns 770,989 shares of the financial services provider’s stock valued at $40,402,000 after acquiring an additional 50,004 shares during the period. Institutional investors and hedge funds own 75.23% of the company’s stock.

Several brokerages have commented on USB. Morgan Stanley restated a “sell” rating and set a $62.00 price objective (up from $61.00) on shares of U.S. Bancorp in a research note on Monday, November 18th. Oppenheimer cut shares of U.S. Bancorp from an “outperform” rating to a “market perform” rating in a research note on Friday, December 20th. Bank of America cut shares of U.S. Bancorp from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $55.00 to $53.00 in a research note on Monday, September 30th. Wells Fargo & Co cut shares of U.S. Bancorp from an “equal weight” rating to an “underweight” rating and set a $61.00 price objective for the company. in a research note on Monday, January 6th. Finally, Goldman Sachs Group cut shares of U.S. Bancorp from a “neutral” rating to a “sell” rating and set a $55.00 price objective for the company. in a research note on Monday, January 6th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $58.56.

Shares of NYSE:USB traded down $0.12 during trading on Tuesday, hitting $56.59. 6,866,526 shares of the stock traded hands, compared to its average volume of 5,592,569. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.86. The company has a market cap of $88.51 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 2.14 and a beta of 1.11. The company has a fifty day moving average price of $59.33 and a two-hundred day moving average price of $56.01. U.S. Bancorp has a 52-week low of $47.28 and a 52-week high of $61.11.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.04. The firm had revenue of $5.92 billion during the quarter, compared to analyst estimates of $5.81 billion. U.S. Bancorp had a net margin of 26.54% and a return on equity of 15.39%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.06 EPS. On average, equities research analysts predict that U.S. Bancorp will post 4.34 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Monday, December 30th. U.S. Bancorp’s dividend payout ratio (DPR) is 40.98%.

In related news, CEO Andrew Cecere sold 165,564 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $58.81, for a total value of $9,736,818.84. Following the completion of the sale, the chief executive officer now owns 900,118 shares of the company’s stock, valued at approximately $52,935,939.58. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gillern Jeffry H. Von sold 5,357 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $56.67, for a total transaction of $303,581.19. Following the completion of the sale, the insider now directly owns 89,301 shares of the company’s stock, valued at approximately $5,060,687.67. The disclosure for this sale can be found here. In the last three months, insiders sold 229,161 shares of company stock valued at $13,483,396. 0.24% of the stock is owned by insiders.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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