U.S. Bancorp (NYSE:USB) Shares Sold by Foster & Motley Inc.

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Foster & Motley Inc. decreased its stake in shares of U.S. Bancorp (NYSE:USB) by 2.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,575 shares of the financial services provider’s stock after selling 1,724 shares during the period. Foster & Motley Inc.’s holdings in U.S. Bancorp were worth $3,256,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in USB. WESPAC Advisors SoCal LLC acquired a new position in U.S. Bancorp in the fourth quarter valued at $27,000. Executive Wealth Management LLC acquired a new position in shares of U.S. Bancorp during the fourth quarter worth about $27,000. Trustcore Financial Services LLC acquired a new position in shares of U.S. Bancorp during the first quarter worth about $28,000. Gantzert Investment Co. LLC ADV acquired a new position in shares of U.S. Bancorp during the fourth quarter worth about $32,000. Finally, ERTS Wealth Advisors LLC acquired a new position in shares of U.S. Bancorp during the fourth quarter worth about $36,000. 74.62% of the stock is owned by institutional investors.

A number of brokerages have commented on USB. Zacks Investment Research cut U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. Oppenheimer lifted their target price on U.S. Bancorp from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. U.S. Bancorp presently has an average rating of “Hold” and an average price target of $58.33.

In other news, Vice Chairman Leslie V. Godridge sold 12,564 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $51.53, for a total transaction of $647,422.92. Following the completion of the transaction, the insider now directly owns 39,330 shares of the company’s stock, valued at $2,026,674.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Gillern Jeffry H. Von sold 4,669 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $53.14, for a total value of $248,110.66. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,233 shares of company stock valued at $1,907,734. 0.24% of the stock is owned by corporate insiders.

Shares of NYSE USB traded up $0.68 during midday trading on Tuesday, reaching $52.19. 4,934,385 shares of the company’s stock were exchanged, compared to its average volume of 6,124,307. U.S. Bancorp has a 52-week low of $43.14 and a 52-week high of $55.56. The firm has a market cap of $83.77 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 1.75 and a beta of 1.08. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.84.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, April 17th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.00. U.S. Bancorp had a return on equity of 15.53% and a net margin of 27.02%. The business had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same period in the previous year, the company earned $0.96 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, research analysts predict that U.S. Bancorp will post 4.29 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.84%. U.S. Bancorp’s dividend payout ratio is currently 36.10%.

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U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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