U.S. Bancorp (NYSE:USB) Shares Sold by Trinity Financial Advisors LLC

Trinity Financial Advisors LLC lessened its stake in U.S. Bancorp (NYSE:USB) by 10.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,881 shares of the financial services provider’s stock after selling 923 shares during the period. Trinity Financial Advisors LLC’s holdings in U.S. Bancorp were worth $341,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. CGC Financial Services LLC purchased a new position in shares of U.S. Bancorp in the 4th quarter valued at $25,000. BKM Wealth Management LLC purchased a new stake in shares of U.S. Bancorp in the fourth quarter valued at about $26,000. Planned Solutions Inc. purchased a new stake in shares of U.S. Bancorp during the fourth quarter worth about $27,000. Naples Money Management LLC acquired a new position in shares of U.S. Bancorp during the 4th quarter valued at about $30,000. Finally, Legacy Financial Group LLC acquired a new stake in U.S. Bancorp during the third quarter worth about $30,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In related news, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the transaction, the executive vice president now owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Performance

U.S. Bancorp stock traded up $0.62 during mid-day trading on Wednesday, reaching $41.25. The company had a trading volume of 4,053,084 shares, compared to its average volume of 8,600,741. The firm has a market cap of $64.27 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 2.15 and a beta of 1.05. U.S. Bancorp has a 52 week low of $27.27 and a 52 week high of $45.85. The company has a 50 day moving average of $42.33 and a 200-day moving average of $40.34. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share 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 company had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter last year, the business posted $1.16 earnings per share. 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 3.85 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Evercore ISI boosted their target price on shares of U.S. Bancorp from $46.00 to $48.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. Jefferies Financial Group lifted their target price on U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Barclays cut 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 research report on Thursday, April 18th. UBS Group cut their price objective on shares of U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Finally, DA Davidson lowered their price objective 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. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.02.

U.S. Bancorp 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.