Vontobel Holding Ltd. Sells 9,383 Shares of U.S. Bancorp (NYSE:USB)

Vontobel Holding Ltd. decreased its holdings in shares of U.S. Bancorp (NYSE:USB) by 16.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,952 shares of the financial services provider’s stock after selling 9,383 shares during the quarter. Vontobel Holding Ltd.’s holdings in U.S. Bancorp were worth $2,075,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System acquired a new position in U.S. Bancorp in the 4th quarter valued at approximately $4,073,000. Lauer Wealth LLC raised its holdings in shares of U.S. Bancorp by 8.1% in the 4th quarter. Lauer Wealth LLC now owns 10,016 shares of the financial services provider’s stock worth $418,000 after buying an additional 751 shares in the last quarter. Bray Capital Advisors raised its holdings in shares of U.S. Bancorp by 4.0% in the 4th quarter. Bray Capital Advisors now owns 31,904 shares of the financial services provider’s stock worth $1,381,000 after buying an additional 1,218 shares in the last quarter. Horst & Graben Wealth Management LLC acquired a new position in shares of U.S. Bancorp in the 4th quarter worth approximately $237,000. Finally, Simplicity Solutions LLC raised its holdings in shares of U.S. Bancorp by 21.4% in the 4th quarter. Simplicity Solutions LLC now owns 44,360 shares of the financial services provider’s stock worth $1,920,000 after buying an additional 7,814 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on USB. Barclays dropped their target price on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday. DA Davidson dropped their target price on U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Thursday. Royal Bank of Canada increased their target price on U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. StockNews.com cut U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Finally, TheStreet raised U.S. Bancorp from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, U.S. Bancorp presently has a consensus rating of “Hold” and an average price target of $46.91.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the stock in a transaction on 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 directly owns 164,880 shares in the company, valued at $6,837,573.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Terrance R. Dolan sold 26,583 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the sale, the insider now directly owns 144,236 shares in the company, valued at $6,255,515.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP James L. Chosy sold 21,582 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the sale, the executive vice president now owns 164,880 shares in the company, valued at $6,837,573.60. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Price Performance

Shares of USB opened at $39.44 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.05. The stock has a market cap of $61.45 billion, a P/E ratio of 12.02, a price-to-earnings-growth ratio of 2.12 and a beta of 1.05. The stock’s 50-day moving average price is $42.31 and its two-hundred day moving average price is $39.72. U.S. Bancorp has a 1 year low of $27.27 and a 1 year high of $45.85.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The business had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter last year, the firm earned $1.16 EPS. U.S. Bancorp’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, equities analysts predict that U.S. Bancorp will post 3.87 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.49 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.97%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 59.76%.

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.