First Horizon Advisors Inc. Cuts Stock Position in U.S. Bancorp (NYSE:USB)

First Horizon Advisors Inc. decreased its position in U.S. Bancorp (NYSE:USB) by 20.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,096 shares of the financial services provider’s stock after selling 10,578 shares during the quarter. First Horizon Advisors Inc.’s holdings in U.S. Bancorp were worth $1,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mosaic Family Wealth Partners LLC grew its holdings in shares of U.S. Bancorp by 1.4% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider’s stock valued at $832,000 after purchasing an additional 265 shares during the last quarter. Wealth Alliance boosted its holdings in U.S. Bancorp by 0.5% during the 4th quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock valued at $2,131,000 after acquiring an additional 266 shares during the period. Perkins Capital Management Inc. grew its position in U.S. Bancorp by 2.0% during the 3rd quarter. Perkins Capital Management Inc. now owns 14,984 shares of the financial services provider’s stock worth $495,000 after acquiring an additional 300 shares during the last quarter. Mechanics Financial Corp increased its stake in U.S. Bancorp by 4.9% in the 4th quarter. Mechanics Financial Corp now owns 6,386 shares of the financial services provider’s stock worth $276,000 after purchasing an additional 300 shares during the period. Finally, Cigna Investments Inc. New lifted its position in U.S. Bancorp by 1.9% in the fourth quarter. Cigna Investments Inc. New now owns 16,632 shares of the financial services provider’s stock valued at $720,000 after purchasing an additional 308 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insiders Place Their Bets

In other news, 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 completion of the sale, the executive vice president now owns 164,880 shares in the company, valued at approximately $6,837,573.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently commented on USB shares. StockNews.com downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. Wells Fargo & Company lowered their price objective on shares of U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. JPMorgan Chase & Co. cut their target price on U.S. Bancorp from $45.00 to $43.50 and set an “overweight” rating on the stock in a research note on Wednesday. DA Davidson lowered their price target on U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Finally, Royal Bank of Canada boosted their target price on U.S. Bancorp from $43.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $46.02.

U.S. Bancorp Trading Up 1.1 %

Shares of NYSE USB opened at $41.41 on Friday. The company has a market cap of $64.62 billion, a PE ratio of 13.71, a P/E/G ratio of 2.14 and a beta of 1.05. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. U.S. Bancorp has a 52-week low of $27.27 and a 52-week high of $45.85. The firm’s 50 day moving average price is $42.32 and its 200-day moving average price is $40.35.

U.S. Bancorp (NYSE:USB) last announced 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 firm had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. U.S. Bancorp’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.16 earnings per share. On average, equities research analysts expect that U.S. Bancorp will post 3.84 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

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.