U.S. Bancorp (NYSE:USB) Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC lessened its stake in shares of U.S. Bancorp (NYSE:USBGet Rating) by 83.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,495 shares of the financial services provider’s stock after selling 27,528 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in U.S. Bancorp were worth $256,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Tower View Investment Management & Research LLC purchased a new stake in shares of U.S. Bancorp during the third quarter worth about $30,000. Sumitomo Mitsui Financial Group Inc. purchased a new stake in shares of U.S. Bancorp during the third quarter worth about $33,000. Atticus Wealth Management LLC purchased a new stake in shares of U.S. Bancorp during the fourth quarter worth about $36,000. D Orazio & Associates Inc. purchased a new stake in shares of U.S. Bancorp during the third quarter worth about $40,000. Finally, Ahrens Investment Partners LLC bought a new stake in U.S. Bancorp in the fourth quarter valued at about $41,000. Institutional investors own 73.89% of the company’s stock.

Shares of NYSE USB traded down $0.16 during midday trading on Tuesday, hitting $52.58. 161,876 shares of the company’s stock were exchanged, compared to its average volume of 8,132,589. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.75 and a quick ratio of 0.74. The stock’s 50 day moving average price is $55.24 and its 200-day moving average price is $57.80. The firm has a market cap of $78.08 billion, a P/E ratio of 11.37, a PEG ratio of 1.86 and a beta of 0.99. U.S. Bancorp has a twelve month low of $49.78 and a twelve month high of $63.57.

U.S. Bancorp (NYSE:USBGet Rating) last issued its quarterly earnings data on Thursday, April 14th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.05. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.55 billion. U.S. Bancorp had a return on equity of 15.24% and a net margin of 30.41%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.45 earnings per share. On average, analysts expect that U.S. Bancorp will post 4.37 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were given a dividend of $0.46 per share. The ex-dividend date was Wednesday, March 30th. This represents a $1.84 annualized dividend and a dividend yield of 3.50%. U.S. Bancorp’s dividend payout ratio is presently 39.66%.

USB has been the subject of several research analyst reports. Bank of America boosted their price objective on U.S. Bancorp from $54.00 to $56.00 and gave the company a “neutral” rating in a report on Monday. Odeon Capital Group raised U.S. Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, January 25th. Morgan Stanley lowered their price objective on U.S. Bancorp from $70.00 to $66.00 and set an “equal weight” rating for the company in a report on Monday, March 28th. Citigroup lowered U.S. Bancorp from a “buy” rating to a “neutral” rating and set a $56.00 price objective for the company. in a report on Monday, April 11th. Finally, StockNews.com initiated coverage on U.S. Bancorp in a report on Thursday, March 31st. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $63.21.

U.S. Bancorp Company Profile (Get Rating)

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 in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.

Further Reading

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

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