U.S. Bancorp (NYSE:USB) Shares Sold by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC decreased its position in U.S. Bancorp (NYSE:USB) by 4.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 523,116 shares of the financial services provider’s stock after selling 22,153 shares during the period. Daymark Wealth Partners LLC’s holdings in U.S. Bancorp were worth $22,086,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of U.S. Bancorp by 323.0% during the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock valued at $2,309,000 after acquiring an additional 36,863 shares during the period. Stratos Wealth Partners LTD. grew its holdings in shares of U.S. Bancorp by 4.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 22,593 shares of the financial services provider’s stock worth $1,081,000 after buying an additional 984 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in U.S. Bancorp in the 4th quarter worth approximately $971,000. Golden State Wealth Management LLC purchased a new stake in shares of U.S. Bancorp in the fourth quarter valued at $112,000. Finally, Vest Financial LLC increased its stake in U.S. Bancorp by 16.4% in the fourth quarter. Vest Financial LLC now owns 7,361 shares of the financial services provider’s stock valued at $352,000 after purchasing an additional 1,039 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

NYSE USB opened at $44.76 on Monday. The firm’s fifty day moving average price is $41.15 and its two-hundred day moving average price is $45.32. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98. The stock has a market cap of $69.74 billion, a PE ratio of 11.81, a PEG ratio of 1.73 and a beta of 0.99. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.06. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter in the previous year, the company earned $0.78 EPS. On average, equities analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.47%. The ex-dividend date was Monday, March 31st. U.S. Bancorp’s dividend payout ratio is 49.50%.

Insider Activity

In related news, Director Aleem Gillani purchased 5,000 shares of the firm’s stock in a transaction dated Monday, April 21st. The shares were purchased at an average price of $37.32 per share, with a total value of $186,600.00. Following the acquisition, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $559,800. This represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on USB. Evercore ISI upped their price objective on shares of U.S. Bancorp from $44.00 to $49.00 and gave the company an “in-line” rating in a research note on Wednesday, June 4th. Barclays decreased their price target on shares of U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Wall Street Zen lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Saturday. TD Cowen initiated coverage on U.S. Bancorp in a report on Thursday, May 15th. They set a “buy” rating and a $60.00 target price on the stock. Finally, The Goldman Sachs Group cut their price target on U.S. Bancorp from $51.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, U.S. Bancorp has an average rating of “Moderate Buy” and a consensus target price of $50.67.

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.