U.S. Bancorp (NYSE:USB) Stock Position Decreased by WD Rutherford LLC

WD Rutherford LLC cut its stake in shares of U.S. Bancorp (NYSE:USB) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,500 shares of the financial services provider’s stock after selling 2,390 shares during the period. U.S. Bancorp makes up about 1.9% of WD Rutherford LLC’s holdings, making the stock its 23rd biggest position. WD Rutherford LLC’s holdings in U.S. Bancorp were worth $3,238,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. CGC Financial Services LLC acquired a new position in shares of U.S. Bancorp in the fourth quarter worth about $25,000. BKM Wealth Management LLC acquired a new position in shares of U.S. Bancorp in the fourth quarter worth about $26,000. Planned Solutions Inc. acquired a new position in shares of U.S. Bancorp in the fourth quarter worth about $27,000. Naples Money Management LLC acquired a new position in shares of U.S. Bancorp in the fourth quarter worth about $30,000. Finally, Legacy Financial Group LLC acquired a new position in shares of U.S. Bancorp in the third quarter worth about $30,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Stock Performance

U.S. Bancorp stock opened at $41.12 on Friday. The stock has a 50-day simple moving average of $42.34 and a 200 day simple moving average of $40.11. 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 has a 12-month low of $27.27 and a 12-month high of $45.85. The stock has a market capitalization of $64.07 billion, a price-to-earnings ratio of 13.62, a P/E/G ratio of 2.12 and a beta of 1.05.

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 for the quarter, topping the consensus estimate of $0.89 by $0.01. The firm had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.16 EPS. On average, research analysts anticipate that U.S. Bancorp will post 3.86 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $0.49 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.77%. U.S. Bancorp’s dividend payout ratio is currently 64.90%.

Insider Transactions at U.S. Bancorp

In other news, insider Terrance R. Dolan sold 26,583 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the transaction, the insider now directly owns 144,236 shares in the company, valued at approximately $6,255,515.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction dated 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 directly owns 164,880 shares in the company, valued at approximately $6,837,573.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Terrance R. Dolan sold 26,583 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

USB has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price 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. Oppenheimer reduced their price target on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a research report on Thursday, April 18th. Compass Point raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their price objective for the company from $46.00 to $49.00 in a research report on Friday, March 22nd. Jefferies Financial Group raised their price objective on shares of U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Finally, DA Davidson cut 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 report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $46.14.

About U.S. Bancorp

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.