Metis Global Partners LLC Sells 4,946 Shares of U.S. Bancorp (NYSE:USB)

Metis Global Partners LLC reduced its holdings in shares of U.S. Bancorp (NYSE:USB) by 7.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 64,926 shares of the financial services provider’s stock after selling 4,946 shares during the quarter. Metis Global Partners LLC’s holdings in U.S. Bancorp were worth $2,810,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. CGC Financial Services LLC bought a new stake in shares of U.S. Bancorp in the fourth quarter valued at about $25,000. BKM Wealth Management LLC acquired a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $26,000. Planned Solutions Inc. bought a new position in shares of U.S. Bancorp during the fourth quarter worth approximately $27,000. Naples Money Management LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $30,000. Finally, First Command Advisory Services Inc. acquired a new position in U.S. Bancorp during the 3rd quarter worth approximately $35,000. 77.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on USB. UBS Group lowered their price target on shares of U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Morgan Stanley upped their target price on U.S. Bancorp from $44.00 to $45.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. HSBC raised U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their price target for the company from $47.00 to $53.00 in a research note on Thursday, March 28th. Compass Point raised U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their price objective for the company from $46.00 to $49.00 in a research note on Friday, March 22nd. Finally, Barclays cut their target price on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $46.02.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $41.83 on Tuesday. The stock’s 50 day moving average price is $42.34 and its two-hundred day moving average price is $40.56. The stock has a market capitalization of $65.27 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 2.16 and a beta of 1.05. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. U.S. Bancorp has a 52-week low of $28.53 and a 52-week high of $45.85.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The firm had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the previous year, the firm posted $1.16 earnings per share. The business’s revenue was down 6.4% compared to the same quarter last year. On average, equities analysts predict that U.S. Bancorp will post 3.84 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is currently 64.90%.

Insiders Place Their Bets

In other news, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 164,880 shares in the company, valued at $6,837,573.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.23% of the company’s stock.

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.