Ferguson Wellman Capital Management Inc. Sells 1,077 Shares of U.S. Bancorp (NYSE:USB)

Ferguson Wellman Capital Management Inc. cut its holdings in U.S. Bancorp (NYSE:USB) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,611 shares of the financial services provider’s stock after selling 1,077 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in U.S. Bancorp were worth $3,856,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Savant Capital LLC raised its stake in shares of U.S. Bancorp by 4.6% during the 4th quarter. Savant Capital LLC now owns 61,049 shares of the financial services provider’s stock worth $2,920,000 after purchasing an additional 2,670 shares during the period. Focused Wealth Management Inc increased its position in U.S. Bancorp by 7.1% in the fourth quarter. Focused Wealth Management Inc now owns 5,324 shares of the financial services provider’s stock worth $255,000 after buying an additional 352 shares during the last quarter. Compass Financial Services Inc bought a new stake in shares of U.S. Bancorp in the fourth quarter valued at $45,000. Kestra Private Wealth Services LLC lifted its position in shares of U.S. Bancorp by 11.1% during the 4th quarter. Kestra Private Wealth Services LLC now owns 31,190 shares of the financial services provider’s stock valued at $1,492,000 after buying an additional 3,123 shares during the last quarter. Finally, Miller Howard Investments Inc. NY bought a new position in shares of U.S. Bancorp during the 4th quarter worth $37,137,000. 77.60% of the stock is owned by institutional investors.

Insider Buying and Selling at U.S. Bancorp

In other news, CEO Andrew Cecere sold 102,044 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the completion of the transaction, the chief executive officer now directly owns 1,230,316 shares of the company’s stock, valued at approximately $58,132,431. This represents a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Terrance R. Dolan sold 66,317 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was 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 directly owns 209,482 shares in the company, valued at $9,837,274.72. The trade was a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 219,812 shares of company stock worth $10,385,665 over the last three months. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Price Performance

USB opened at $47.22 on Monday. The stock has a market capitalization of $73.66 billion, a P/E ratio of 12.46, a PEG ratio of 1.77 and a beta of 1.04. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98. The stock has a 50-day moving average price of $49.09 and a 200-day moving average price of $47.45.

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

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.24%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio is presently 52.77%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on USB. Raymond James upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a research note on Thursday, December 19th. Robert W. Baird set a $54.00 price target on U.S. Bancorp in a report on Thursday, October 17th. Stephens boosted their price objective on U.S. Bancorp from $49.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. DA Davidson upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their target price for the stock from $58.00 to $60.00 in a research note on Thursday, January 2nd. Finally, Barclays upped their price target on U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $54.21.

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.