SlateStone Wealth LLC Grows Stock Holdings in U.S. Bancorp (NYSE:USB)

SlateStone Wealth LLC increased its stake in shares of U.S. Bancorp (NYSE:USB) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,901 shares of the financial services provider’s stock after buying an additional 829 shares during the period. SlateStone Wealth LLC’s holdings in U.S. Bancorp were worth $2,116,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Mufg Bank LTD. lifted its holdings in shares of U.S. Bancorp by 54.1% in the third quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock valued at $2,260,450,000 after purchasing an additional 24,000,000 shares in the last quarter. Aristotle Capital Management LLC raised its position in shares of U.S. Bancorp by 266.6% in the third quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider’s stock valued at $775,842,000 after buying an additional 17,066,479 shares during the last quarter. Vanguard Group Inc. raised its position in shares of U.S. Bancorp by 5.0% in the third quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock valued at $4,513,127,000 after buying an additional 6,479,642 shares during the last quarter. Barclays PLC raised its position in shares of U.S. Bancorp by 120.4% in the third quarter. Barclays PLC now owns 8,810,834 shares of the financial services provider’s stock valued at $291,285,000 after buying an additional 4,813,976 shares during the last quarter. Finally, Ceredex Value Advisors LLC acquired a new position in shares of U.S. Bancorp in the third quarter valued at approximately $79,642,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. DA Davidson cut their price objective on shares of 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. UBS Group cut their price objective on shares of U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. StockNews.com lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Royal Bank of Canada upped their price target on shares of U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. Finally, Barclays dropped their price target on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, U.S. Bancorp currently has an average rating of “Hold” and an average target price of $46.14.

U.S. Bancorp Stock Up 0.2 %

NYSE USB traded up $0.09 during trading hours on Wednesday, reaching $41.06. 454,205 shares of the company traded hands, compared to its average volume of 8,708,934. U.S. Bancorp has a 12 month low of $27.27 and a 12 month high of $45.85. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $63.98 billion, a PE ratio of 13.56, a PEG ratio of 2.13 and a beta of 1.05. The company has a 50 day moving average of $42.34 and a two-hundred day moving average of $40.03.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The firm had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the prior year, the firm posted $1.16 EPS. The firm’s revenue was down 6.4% compared to the same quarter last year. As a group, equities analysts expect that U.S. Bancorp will post 3.86 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.77%. U.S. Bancorp’s payout ratio is currently 64.90%.

Insider Transactions at U.S. Bancorp

In other news, EVP James L. Chosy sold 21,582 shares of the firm’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 transaction, the executive vice president now directly owns 164,880 shares in the company, valued at approximately $6,837,573.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP James L. Chosy sold 21,582 shares of the 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 sale, the executive vice president now owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Terrance R. Dolan sold 26,583 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the sale, the insider now directly owns 144,236 shares in the company, valued at approximately $6,255,515.32. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

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.