Koss Olinger Consulting LLC Reduces Holdings in U.S. Bancorp (NYSE:USB)

Koss Olinger Consulting LLC reduced its holdings in shares of U.S. Bancorp (NYSE:USB) by 21.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,662 shares of the financial services provider’s stock after selling 11,624 shares during the quarter. Koss Olinger Consulting LLC’s holdings in U.S. Bancorp were worth $2,088,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Vinva Investment Management Ltd grew its holdings in shares of U.S. Bancorp by 20.9% during the fourth quarter. Vinva Investment Management Ltd now owns 56,533 shares of the financial services provider’s stock worth $2,728,000 after buying an additional 9,773 shares in the last quarter. Bestgate Wealth Advisors LLC purchased a new stake in shares of U.S. Bancorp during the fourth quarter worth about $372,000. VSM Wealth Advisory LLC purchased a new stake in shares of U.S. Bancorp during the fourth quarter worth about $125,000. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in U.S. Bancorp in the fourth quarter valued at approximately $282,000. Finally, Xponance Inc. grew its holdings in U.S. Bancorp by 0.5% in the fourth quarter. Xponance Inc. now owns 219,141 shares of the financial services provider’s stock valued at $10,482,000 after purchasing an additional 1,062 shares during the period. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Stock Performance

USB stock opened at $42.23 on Wednesday. The company has a market capitalization of $65.80 billion, a P/E ratio of 11.14, a PEG ratio of 1.73 and a beta of 1.02. The company has a 50-day simple moving average of $46.63 and a 200 day simple moving average of $47.73. U.S. Bancorp has a fifty-two week low of $37.81 and a fifty-two week high of $53.98. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.99 earnings per share. Sell-side analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.74%. The ex-dividend date of this dividend is Monday, March 31st. U.S. Bancorp’s payout ratio is currently 52.77%.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Terrance R. Dolan sold 66,317 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $46.96, for a total value of $3,114,246.32. Following the completion of the sale, the insider now directly owns 209,482 shares of the company’s stock, valued at approximately $9,837,274.72. This represents a 24.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Cecere sold 102,044 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the completion of the sale, the chief executive officer now directly owns 1,230,316 shares of the company’s stock, valued at $58,132,431. The trade was a 7.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 219,812 shares of company stock valued at $10,385,665. 0.23% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on USB shares. Raymond James raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a research report on Thursday, December 19th. DA Davidson raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their price target for the company from $58.00 to $60.00 in a research report on Thursday, January 2nd. Citigroup raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their price target for the company from $49.00 to $65.00 in a research report on Monday, November 25th. Oppenheimer lifted their price target on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Finally, Morgan Stanley reduced their price target on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.98.

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.