Archer Investment Corp Sells 300 Shares of U.S. Bancorp (NYSE:USB)

Archer Investment Corp lowered its position in shares of U.S. Bancorp (NYSE:USB) by 30.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 679 shares of the financial services provider’s stock after selling 300 shares during the quarter. Archer Investment Corp’s holdings in U.S. Bancorp were worth $29,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CGC Financial Services LLC purchased a new position in U.S. Bancorp during the fourth quarter valued at $25,000. BKM Wealth Management LLC purchased a new position in U.S. Bancorp during the fourth quarter valued at $26,000. Planned Solutions Inc. purchased a new position in U.S. Bancorp during the fourth quarter valued at $27,000. Legacy Financial Group LLC purchased a new position in U.S. Bancorp during the third quarter valued at $30,000. Finally, Compass Wealth Management LLC purchased a new position in U.S. Bancorp during the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

USB has been the subject of several recent research reports. Jefferies Financial Group raised their price objective on U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Evercore ISI lifted their price target on 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. TheStreet raised U.S. Bancorp from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. Keefe, Bruyette & Woods lowered U.S. Bancorp from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $52.00 to $45.00 in a research report on Thursday. Finally, HSBC raised U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their price target for the stock from $47.00 to $53.00 in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, U.S. Bancorp presently has a consensus rating of “Hold” and a consensus price target of $47.09.

U.S. Bancorp Price Performance

Shares of NYSE:USB opened at $39.52 on Thursday. The business has a 50-day simple moving average of $42.33 and a two-hundred day simple moving average of $39.72. The firm has a market cap of $61.58 billion, a price-to-earnings ratio of 12.05, a price-to-earnings-growth ratio of 2.12 and a beta of 1.05. U.S. Bancorp has a fifty-two week low of $27.27 and a fifty-two week high of $45.85. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.81 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The business had revenue of $6.72 billion during 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 business’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 EPS. On average, analysts expect that U.S. Bancorp will post 3.87 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid 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 4.96%. U.S. Bancorp’s dividend payout ratio is currently 59.76%.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp 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 sale, 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 SEC, which is available at the SEC website. In other U.S. Bancorp 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 sale, 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 SEC, which is available at the SEC website. Also, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the sale, the executive vice president now owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

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.