Flputnam Investment Management Co. Sells 7,864 Shares of U.S. Bancorp (NYSE:USB)

Flputnam Investment Management Co. lessened its holdings in U.S. Bancorp (NYSE:USB) by 43.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,440 shares of the financial services provider’s stock after selling 7,864 shares during the quarter. Flputnam Investment Management Co.’s holdings in U.S. Bancorp were worth $452,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Vestcor Inc lifted its position in shares of U.S. Bancorp by 0.7% in the fourth quarter. Vestcor Inc now owns 33,480 shares of the financial services provider’s stock worth $1,460,000 after purchasing an additional 230 shares in the last quarter. Mosaic Family Wealth Partners LLC lifted its position in shares of U.S. Bancorp by 1.4% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider’s stock worth $832,000 after purchasing an additional 265 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of U.S. Bancorp by 3.0% in the first quarter. Acadian Asset Management LLC now owns 9,397 shares of the financial services provider’s stock worth $499,000 after purchasing an additional 276 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in shares of U.S. Bancorp by 3.4% in the first quarter. Gamco Investors INC. ET AL now owns 8,520 shares of the financial services provider’s stock worth $453,000 after purchasing an additional 280 shares in the last quarter. Finally, Perkins Capital Management Inc. lifted its position in shares of U.S. Bancorp by 2.0% in the third quarter. Perkins Capital Management Inc. now owns 14,984 shares of the financial services provider’s stock worth $495,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

Analysts Set New Price Targets

USB has been the topic of a number of research reports. Keefe, Bruyette & Woods boosted their price objective on shares of U.S. Bancorp from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Oppenheimer dropped their price target on shares of U.S. Bancorp from $61.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 19th. Compass Point raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their price target for the stock from $46.00 to $49.00 in a research report on Friday, March 22nd. TheStreet raised shares of U.S. Bancorp from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. Finally, UBS Group upped their price target on shares of U.S. Bancorp from $35.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $47.41.

U.S. Bancorp Trading Down 3.6 %

USB stock opened at $39.52 on Thursday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.81 and a current ratio of 0.81. The company’s 50-day simple moving average is $42.33 and its 200 day simple moving average is $39.72. U.S. Bancorp has a 52 week low of $27.27 and a 52 week high of $45.85. The company has a market capitalization of $61.58 billion, a PE ratio of 12.05, a price-to-earnings-growth ratio of 2.12 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.71 by $0.28. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The business had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.85 billion. During the same period in the prior year, the company posted $1.20 earnings per share. U.S. Bancorp’s revenue was up 6.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that U.S. Bancorp will post 3.87 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 4.96%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 59.76%.

Insider Activity 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 value of $895,005.54. Following the transaction, the executive vice president now directly owns 164,880 shares in the company, valued at $6,837,573.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Terrance R. Dolan sold 26,583 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were 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 owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James L. Chosy sold 21,582 shares of the company’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 sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.

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.