Empower Advisory Group LLC Lowers Holdings in U.S. Bancorp (NYSE:USB)

Empower Advisory Group LLC cut its position in U.S. Bancorp (NYSE:USB) by 9.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,117 shares of the financial services provider’s stock after selling 508 shares during the quarter. Empower Advisory Group LLC’s holdings in U.S. Bancorp were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. NTV Asset Management LLC lifted its stake in U.S. Bancorp by 17.9% in the 4th quarter. NTV Asset Management LLC now owns 6,690 shares of the financial services provider’s stock worth $320,000 after purchasing an additional 1,017 shares in the last quarter. Nicholas Hoffman & Company LLC. raised its position in shares of U.S. Bancorp by 7.1% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 27,716 shares of the financial services provider’s stock valued at $1,326,000 after buying an additional 1,838 shares in the last quarter. Capital Performance Advisors LLP raised its position in shares of U.S. Bancorp by 2.6% during the 4th quarter. Capital Performance Advisors LLP now owns 8,188 shares of the financial services provider’s stock valued at $392,000 after buying an additional 210 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of U.S. Bancorp during the 4th quarter valued at $80,000. Finally, Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of U.S. Bancorp during the 4th quarter valued at $207,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at U.S. Bancorp

In other news, insider Jodi L. Richard sold 30,000 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $47.59, for a total value of $1,427,700.00. Following the completion of the sale, the insider now directly owns 99,790 shares of the company’s stock, valued at approximately $4,749,006.10. This trade represents a 23.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 transaction of $3,114,246.32. Following the completion of the sale, the insider now directly owns 209,482 shares of the company’s stock, valued at approximately $9,837,274.72. This represents a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 219,812 shares of company stock valued at $10,385,665. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on USB shares. Citigroup upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their price objective for the company from $49.00 to $65.00 in a research report on Monday, November 25th. Barclays raised their price objective on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Oppenheimer raised their price objective on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. DA Davidson upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their price objective for the company from $58.00 to $60.00 in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company raised their price objective on shares of U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, U.S. Bancorp has a consensus rating of “Moderate Buy” and an average target price of $54.21.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock opened at $47.10 on Thursday. The firm has a market cap of $73.48 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 1.77 and a beta of 1.04. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The company’s fifty day simple moving average is $48.38 and its two-hundred day simple moving average is $47.61.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $7 billion. During the same period last year, the company posted $0.99 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.25%. U.S. Bancorp’s dividend payout ratio is 52.77%.

U.S. Bancorp Company 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.