Motco Has $4.95 Million Position in U.S. Bancorp (NYSE:USB)

Motco reduced its position in shares of U.S. Bancorp (NYSE:USB) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,506 shares of the financial services provider’s stock after selling 1,356 shares during the period. Motco’s holdings in U.S. Bancorp were worth $4,951,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in USB. Private Trust Co. NA lifted its holdings in U.S. Bancorp by 3.4% during the 4th quarter. Private Trust Co. NA now owns 21,548 shares of the financial services provider’s stock valued at $1,031,000 after purchasing an additional 699 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of U.S. Bancorp by 20.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 22,176 shares of the financial services provider’s stock valued at $1,061,000 after purchasing an additional 3,689 shares in the last quarter. Verus Capital Partners LLC bought a new position in U.S. Bancorp in the fourth quarter valued at about $201,000. Peloton Wealth Strategists increased its holdings in U.S. Bancorp by 5.0% in the fourth quarter. Peloton Wealth Strategists now owns 28,225 shares of the financial services provider’s stock valued at $1,350,000 after purchasing an additional 1,350 shares during the period. Finally, Linscomb Wealth Inc. lifted its position in shares of U.S. Bancorp by 18.6% in the 4th quarter. Linscomb Wealth Inc. now owns 6,249 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 980 shares during the period. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Stock Performance

USB stock opened at $46.22 on Friday. The firm has a 50 day simple moving average of $47.93 and a 200 day simple moving average of $47.76. The stock has a market cap of $72.10 billion, a P/E ratio of 12.20, a P/E/G ratio of 1.73 and a beta of 1.04. U.S. Bancorp has a 52 week low of $37.81 and a 52 week high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last released its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 EPS. Research analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.33%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 52.77%.

Insider Buying and Selling

In other U.S. Bancorp news, insider Terrance R. Dolan sold 66,317 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $46.96, for a total value of $3,114,246.32. Following the completion of the sale, the insider now owns 209,482 shares in the company, valued at $9,837,274.72. This trade represents a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP James L. Chosy sold 21,451 shares of U.S. Bancorp stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $47.65, for a total value of $1,022,140.15. Following the transaction, the executive vice president now owns 198,127 shares of the company’s stock, valued at $9,440,751.55. The trade was a 9.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 219,812 shares of company stock valued at $10,385,665. 0.23% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Barclays raised their price target on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Raymond James upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 target price for the company in a research report on Thursday, December 19th. Compass Point upped their price target on shares of U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Wells Fargo & Company lifted their price target on U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Citigroup upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their price target for the company from $49.00 to $65.00 in a research note on Monday, November 25th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, U.S. Bancorp presently has an average rating of “Moderate Buy” and a consensus target price of $54.21.

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.