Kintegral Advisory LLC Lowers Stock Position in U.S. Bancorp (NYSE:USB)

Kintegral Advisory LLC cut its stake in shares of U.S. Bancorp (NYSE:USB) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,596 shares of the financial services provider’s stock after selling 634 shares during the period. Kintegral Advisory LLC’s holdings in U.S. Bancorp were worth $657,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in USB. AMF Tjanstepension AB lifted its stake in U.S. Bancorp by 16.9% during the third quarter. AMF Tjanstepension AB now owns 532,105 shares of the financial services provider’s stock worth $24,401,000 after purchasing an additional 76,914 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in shares of U.S. Bancorp by 14.0% in the 3rd quarter. Foundations Investment Advisors LLC now owns 12,386 shares of the financial services provider’s stock valued at $566,000 after buying an additional 1,519 shares during the period. Private Advisor Group LLC lifted its stake in U.S. Bancorp by 3.4% during the 3rd quarter. Private Advisor Group LLC now owns 114,543 shares of the financial services provider’s stock worth $5,238,000 after acquiring an additional 3,737 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in U.S. Bancorp by 19.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 50,833 shares of the financial services provider’s stock valued at $2,325,000 after acquiring an additional 8,263 shares during the period. Finally, Mount Yale Investment Advisors LLC grew its position in U.S. Bancorp by 17.7% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 10,601 shares of the financial services provider’s stock valued at $485,000 after acquiring an additional 1,592 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP James L. Chosy sold 21,451 shares of U.S. Bancorp stock in a transaction on Wednesday, February 5th. The shares were 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 directly owns 198,127 shares in the company, valued at $9,440,751.55. This trade represents a 9.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the transaction, the insider now owns 209,482 shares of the company’s stock, valued at approximately $9,837,274.72. The trade was a 24.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 219,812 shares of company stock valued at $10,385,665. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

USB has been the topic of several research reports. Barclays increased their price target on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Citigroup upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their target price for the stock from $49.00 to $65.00 in a report on Monday, November 25th. Raymond James upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price target for the company in a research note on Thursday, December 19th. Compass Point increased their price objective on U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley lowered their target price on U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Ten investment 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.21.

U.S. Bancorp Stock Down 1.9 %

U.S. Bancorp stock opened at $45.88 on Friday. The company has a market capitalization of $71.57 billion, a P/E ratio of 12.10, a PEG ratio of 1.73 and a beta of 1.04. 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 has a fifty-two week low of $37.81 and a fifty-two week high of $53.98. The stock has a 50-day simple moving average of $48.19 and a 200-day simple moving average of $47.68.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data 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 company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. U.S. Bancorp’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 earnings per share. Equities research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders 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 annualized dividend and a dividend yield of 4.36%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 52.77%.

About U.S. Bancorp

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.