Sentry Investment Management LLC Has $128,000 Stock Holdings in U.S. Bancorp (NYSE:USB)

Sentry Investment Management LLC reduced its stake in U.S. Bancorp (NYSE:USB) by 67.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,967 shares of the financial services provider’s stock after selling 6,076 shares during the period. Sentry Investment Management LLC’s holdings in U.S. Bancorp were worth $128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of USB. Scotia Capital Inc. raised its holdings in U.S. Bancorp by 2.9% in the 3rd quarter. Scotia Capital Inc. now owns 35,012 shares of the financial services provider’s stock valued at $1,158,000 after acquiring an additional 990 shares during the period. Tealwood Asset Management Inc. lifted its holdings in U.S. Bancorp by 33.4% during the 4th quarter. Tealwood Asset Management Inc. now owns 62,539 shares of the financial services provider’s stock worth $2,707,000 after purchasing an additional 15,665 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in U.S. Bancorp in the 4th quarter valued at $4,073,000. Van ECK Associates Corp grew its holdings in U.S. Bancorp by 19.4% in the 3rd quarter. Van ECK Associates Corp now owns 8,677,378 shares of the financial services provider’s stock valued at $286,874,000 after buying an additional 1,410,324 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in U.S. Bancorp by 104.3% during the 4th quarter. SG Americas Securities LLC now owns 105,090 shares of the financial services provider’s stock worth $4,548,000 after buying an additional 53,653 shares during the period. 77.60% of the stock is owned by institutional investors.

Insider Activity at U.S. Bancorp

In other news, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp 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 completion of the transaction, the insider now directly owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction on 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 approximately $6,255,515.32. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

U.S. Bancorp Price Performance

Shares of USB opened at $39.52 on Thursday. The business has a 50-day moving average of $42.33 and a 200-day moving average of $39.72. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization 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 1 year low of $27.27 and a 1 year high of $45.85.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.85 billion. During the same quarter last year, the business earned $1.20 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. As a group, equities research analysts anticipate that U.S. Bancorp will post 3.87 earnings per share for the current year.

U.S. Bancorp Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods upped their price target on shares of U.S. Bancorp from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Evercore ISI increased their target price on shares of 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. Morgan Stanley lifted their price target on shares of U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. Barclays increased their price target on U.S. Bancorp from $48.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Stephens cut U.S. Bancorp from an “overweight” rating to an “equal weight” rating in a report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $47.41.

U.S. Bancorp Company 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.