Vision Capital Management Inc. Reduces Stock Holdings in U.S. Bancorp (NYSE:USB)

Vision Capital Management Inc. lowered its position in U.S. Bancorp (NYSE:USB) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,408 shares of the financial services provider’s stock after selling 5,700 shares during the quarter. Vision Capital Management Inc.’s holdings in U.S. Bancorp were worth $2,794,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of USB. AMF Tjanstepension AB boosted 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 buying an additional 76,914 shares during the period. Czech National Bank boosted its stake in U.S. Bancorp by 6.9% during the third quarter. Czech National Bank now owns 317,882 shares of the financial services provider’s stock worth $14,537,000 after buying an additional 20,522 shares during the period. Miracle Mile Advisors LLC boosted its stake in U.S. Bancorp by 11.8% during the third quarter. Miracle Mile Advisors LLC now owns 7,898 shares of the financial services provider’s stock worth $361,000 after buying an additional 834 shares during the period. Aprio Wealth Management LLC purchased a new position in U.S. Bancorp during the third quarter worth about $303,000. Finally, Callan Family Office LLC lifted its position in shares of U.S. Bancorp by 15.4% during the third quarter. Callan Family Office LLC now owns 6,195 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 829 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Wall Street Analysts Forecast Growth

USB has been the topic of several research reports. Citigroup raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price target for the stock from $49.00 to $65.00 in a research report on Monday, November 25th. Evercore ISI increased their price target on shares of U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Robert W. Baird set a $54.00 target price on shares of U.S. Bancorp in a research report on Thursday, October 17th. Stephens raised their target price on shares of U.S. Bancorp from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Finally, Wells Fargo & Company raised their target price on shares of U.S. Bancorp from $60.00 to $62.00 and gave the stock 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $54.21.

U.S. Bancorp Trading Down 0.3 %

NYSE:USB opened at $47.33 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 1-year low of $37.81 and a 1-year high of $53.98. The firm has a market capitalization of $73.83 billion, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 1.77 and a beta of 1.04. The stock has a fifty day simple moving average of $49.45 and a 200 day simple moving average of $47.42.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. During the same quarter last year, the company posted $0.99 EPS. U.S. Bancorp’s revenue for the quarter was up 3.7% on a year-over-year basis. Sell-side analysts forecast that U.S. Bancorp will post 4.37 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp’s payout ratio is 52.77%.

Insiders Place Their Bets

In other U.S. Bancorp news, CEO Andrew Cecere sold 102,044 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total value of $4,821,579.00. Following the transaction, the chief executive officer now owns 1,230,316 shares of the company’s stock, valued at approximately $58,132,431. The trade was a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Terrance R. Dolan sold 66,317 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 209,482 shares in the company, valued at approximately $9,837,274.72. This represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

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.