Pallas Capital Advisors LLC Lowers Position in U.S. Bancorp (NYSE:USB)

Pallas Capital Advisors LLC reduced its stake in U.S. Bancorp (NYSE:USBFree Report) by 20.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,428 shares of the financial services provider’s stock after selling 1,930 shares during the quarter. Pallas Capital Advisors LLC’s holdings in U.S. Bancorp were worth $321,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Scotia Capital Inc. increased its position in shares of U.S. Bancorp by 2.9% during the 3rd quarter. Scotia Capital Inc. now owns 35,012 shares of the financial services provider’s stock valued at $1,158,000 after purchasing an additional 990 shares during the last quarter. National Bank of Canada FI increased its position in shares of U.S. Bancorp by 292.1% during the 3rd quarter. National Bank of Canada FI now owns 1,386,413 shares of the financial services provider’s stock valued at $44,555,000 after purchasing an additional 1,032,866 shares during the last quarter. Tealwood Asset Management Inc. increased its position in shares of U.S. Bancorp by 33.4% during the 4th quarter. Tealwood Asset Management Inc. now owns 62,539 shares of the financial services provider’s stock valued at $2,707,000 after purchasing an additional 15,665 shares during the last quarter. Van ECK Associates Corp increased its position in shares of U.S. Bancorp by 19.4% during the 3rd quarter. Van ECK Associates Corp now owns 8,677,378 shares of the financial services provider’s stock valued at $286,874,000 after purchasing an additional 1,410,324 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of U.S. Bancorp by 104.3% during the 4th quarter. SG Americas Securities LLC now owns 105,090 shares of the financial services provider’s stock valued at $4,548,000 after purchasing an additional 53,653 shares during the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Stock Down 1.6 %

Shares of USB opened at $43.25 on Wednesday. The firm has a market cap of $67.39 billion, a P/E ratio of 13.19, a P/E/G ratio of 2.31 and a beta of 1.05. The stock has a 50 day simple moving average of $42.17 and a two-hundred day simple moving average of $39.04. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.81 and a quick ratio of 0.81. U.S. Bancorp has a 1 year low of $27.27 and a 1 year high of $45.85.

U.S. Bancorp (NYSE:USBGet Free Report) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.28. The business had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.85 billion. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. U.S. Bancorp’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.20 earnings per share. On average, analysts forecast that U.S. Bancorp will post 3.88 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend is Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio is currently 59.76%.

Analyst Upgrades and Downgrades

USB has been the subject of several research analyst reports. Oppenheimer decreased their target price on U.S. Bancorp from $61.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday, March 19th. Stephens lowered U.S. Bancorp from an “overweight” rating to an “equal weight” rating in a report on Wednesday, December 20th. Wells Fargo & Company lifted their price objective on U.S. Bancorp from $43.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, December 14th. Evercore ISI lifted their price objective on U.S. Bancorp from $46.00 to $48.00 and gave the stock an “in-line” rating in a report on Thursday, March 28th. Finally, The Goldman Sachs Group lifted their price objective on U.S. Bancorp from $37.00 to $42.00 and gave the stock a “neutral” rating in a report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.41.

Read Our Latest Research Report on U.S. Bancorp

Insiders Place Their Bets

In other U.S. Bancorp news, insider Timothy A. Welsh sold 12,100 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $40.33, for a total value of $487,993.00. Following the completion of the sale, the insider now owns 106,958 shares in the company, valued at $4,313,616.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total value of $1,152,904.71. Following the completion of the sale, the insider now owns 144,236 shares in the company, valued at $6,255,515.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Timothy A. Welsh sold 12,100 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $40.33, for a total value of $487,993.00. Following the completion of the sale, the insider now owns 106,958 shares of the company’s stock, valued at approximately $4,313,616.14. The disclosure for this sale can be found here. Insiders sold a total of 60,265 shares of company stock valued at $2,535,903 over the last quarter. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Profile

(Free Report)

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.

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

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