Brady Family Wealth LLC Sells 1,118 Shares of U.S. Bancorp (NYSE:USB)

Brady Family Wealth LLC lessened its position in shares of U.S. Bancorp (NYSE:USB) by 2.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,406 shares of the financial services provider’s stock after selling 1,118 shares during the period. Brady Family Wealth LLC’s holdings in U.S. Bancorp were worth $1,789,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of USB. Natixis Advisors LLC lifted its stake in shares of U.S. Bancorp by 16.6% in the 3rd quarter. Natixis Advisors LLC now owns 401,232 shares of the financial services provider’s stock valued at $18,348,000 after purchasing an additional 56,990 shares during the period. International Assets Investment Management LLC bought a new stake in U.S. Bancorp in the fourth quarter worth approximately $1,018,000. M&T Bank Corp lifted its position in shares of U.S. Bancorp by 2.8% during the 3rd quarter. M&T Bank Corp now owns 846,344 shares of the financial services provider’s stock valued at $38,704,000 after acquiring an additional 22,803 shares during the period. Hilltop Holdings Inc. raised its holdings in shares of U.S. Bancorp by 184.3% during the third quarter. Hilltop Holdings Inc. now owns 70,283 shares of the financial services provider’s stock valued at $3,214,000 after purchasing an additional 45,560 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in U.S. Bancorp by 544.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 13,894 shares of the financial services provider’s stock worth $635,000 after buying an additional 11,737 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In other news, insider Jodi L. Richard sold 25,000 shares of the company’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $49.03, for a total transaction of $1,225,750.00. Following the transaction, the insider now owns 129,790 shares of the company’s stock, valued at $6,363,603.70. This represents a 16.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on USB shares. Evercore ISI boosted their price objective on U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Compass Point boosted their price target on shares of U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Morgan Stanley upgraded shares of U.S. Bancorp from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $54.00 to $57.00 in a report on Monday, September 30th. Oppenheimer reduced their price objective on shares of U.S. Bancorp from $66.00 to $62.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, Royal Bank of Canada set a $53.00 target price on shares of U.S. Bancorp in a report on Thursday, October 17th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $54.07.

U.S. Bancorp Trading Up 3.8 %

Shares of U.S. Bancorp stock opened at $50.92 on Thursday. The firm has a market cap of $79.44 billion, a PE ratio of 15.57, a P/E/G ratio of 2.47 and a beta of 1.05. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a fifty day moving average price of $50.25 and a 200-day moving average price of $46.68.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a net margin of 12.92% and a return on equity of 12.91%. The business had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. During the same quarter in the previous year, the firm posted $0.99 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities research analysts anticipate that U.S. Bancorp will post 3.91 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.50 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 3.93%. U.S. Bancorp’s payout ratio is 61.16%.

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.