River Road Asset Management LLC Sells 521,336 Shares of U.S. Bancorp (NYSE:USB)

River Road Asset Management LLC trimmed its holdings in shares of U.S. Bancorp (NYSE:USB) by 49.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 527,765 shares of the financial services provider’s stock after selling 521,336 shares during the quarter. River Road Asset Management LLC’s holdings in U.S. Bancorp were worth $22,842,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. CGC Financial Services LLC bought a new position in shares of U.S. Bancorp in the fourth quarter worth about $25,000. BKM Wealth Management LLC purchased a new stake in U.S. Bancorp in the 4th quarter worth approximately $26,000. Planned Solutions Inc. bought a new stake in U.S. Bancorp during the 4th quarter worth approximately $27,000. Legacy Financial Group LLC purchased a new position in U.S. Bancorp during the third quarter valued at approximately $30,000. Finally, First Command Advisory Services Inc. bought a new position in shares of U.S. Bancorp in the third quarter worth approximately $35,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at U.S. Bancorp

In related news, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction dated 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 directly owns 164,880 shares in the company, valued at approximately $6,837,573.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the transaction, the executive vice president now owns 164,880 shares in the company, valued at $6,837,573.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Terrance R. Dolan sold 26,583 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total value of $1,152,904.71. Following the transaction, the insider now directly owns 144,236 shares in the company, valued at approximately $6,255,515.32. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on USB. HSBC upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and raised their price objective for the company from $47.00 to $53.00 in a research report on Thursday, March 28th. Royal Bank of Canada upped their price objective on U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. Keefe, Bruyette & Woods downgraded U.S. Bancorp from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $52.00 to $45.00 in a research note on Thursday. Barclays increased their price objective on shares of U.S. Bancorp from $48.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Finally, StockNews.com downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, U.S. Bancorp currently has a consensus rating of “Hold” and an average price target of $47.09.

U.S. Bancorp Trading Down 1.0 %

Shares of NYSE USB opened at $39.11 on Thursday. U.S. Bancorp has a 1-year low of $27.27 and a 1-year high of $45.85. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.81 and a quick ratio of 0.81. The business’s 50 day moving average is $42.33 and its two-hundred day moving average is $39.72. The stock has a market capitalization of $60.94 billion, a P/E ratio of 12.05, a PEG ratio of 2.12 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. The firm had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS. As a group, research analysts expect that U.S. Bancorp will post 3.87 EPS for the current 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 paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio is currently 59.76%.

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.