Goodman Advisory Group LLC Sells 76,722 Shares of U.S. Bancorp (NYSE:USB)

Goodman Advisory Group LLC lessened its position in U.S. Bancorp (NYSE:USB) by 42.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 103,837 shares of the financial services provider’s stock after selling 76,722 shares during the period. U.S. Bancorp makes up about 1.5% of Goodman Advisory Group LLC’s investment portfolio, making the stock its 22nd biggest holding. Goodman Advisory Group LLC’s holdings in U.S. Bancorp were worth $4,494,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Vestcor Inc increased its stake in U.S. Bancorp by 0.7% in the fourth quarter. Vestcor Inc now owns 33,480 shares of the financial services provider’s stock valued at $1,460,000 after purchasing an additional 230 shares in the last quarter. Mosaic Family Wealth Partners LLC boosted its holdings in shares of U.S. Bancorp by 1.4% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider’s stock valued at $832,000 after buying an additional 265 shares during the period. Wealth Alliance boosted its holdings in shares of U.S. Bancorp by 0.5% in the fourth quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock valued at $2,131,000 after buying an additional 266 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of U.S. Bancorp by 3.0% in the first quarter. Acadian Asset Management LLC now owns 9,397 shares of the financial services provider’s stock valued at $499,000 after buying an additional 276 shares during the period. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of U.S. Bancorp by 3.4% in the first quarter. Gamco Investors INC. ET AL now owns 8,520 shares of the financial services provider’s stock valued at $453,000 after buying an additional 280 shares during the period. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Trading Down 1.1 %

U.S. Bancorp stock traded down $0.44 during mid-day trading on Wednesday, hitting $41.00. 9,549,837 shares of the stock were exchanged, compared to its average volume of 6,314,126. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.05. U.S. Bancorp has a 12 month low of $27.27 and a 12 month high of $45.85. The firm’s fifty day simple moving average is $42.34 and its two-hundred day simple moving average is $39.72. The stock has a market capitalization of $63.88 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 2.14 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last released its quarterly 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 firm had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.85 billion. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.20 EPS. Analysts forecast that U.S. Bancorp will post 3.87 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 4.78%. U.S. Bancorp’s dividend payout ratio is currently 59.76%.

Analysts Set New Price Targets

USB has been the subject of several recent research reports. Jefferies Financial Group increased their target price on shares of U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a report on Monday, April 8th. HSBC upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and increased their price target for the company from $47.00 to $53.00 in a research note on Thursday, March 28th. UBS Group increased their price target on shares of U.S. Bancorp from $35.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. TheStreet upgraded shares of U.S. Bancorp from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. Finally, The Goldman Sachs Group increased their price target on shares of U.S. Bancorp from $37.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, December 19th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, U.S. Bancorp presently has a consensus rating of “Hold” and an average target price of $47.41.

Insider Activity

In other news, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction on Tuesday, January 30th. The shares were 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 approximately $6,255,515.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of the business’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 completion of the sale, the insider now owns 144,236 shares in the company, valued at approximately $6,255,515.32. The sale was disclosed in a document filed 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 on Thursday, January 18th. The shares were sold at an average price of $40.33, for a total transaction of $487,993.00. Following 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 60,265 shares of company stock worth $2,535,903 in the last quarter. 0.23% of the stock is owned by corporate insiders.

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.