U.S. Bancorp $USB Shares Sold by Atria Investments Inc

Atria Investments Inc trimmed its holdings in shares of U.S. Bancorp (NYSE:USB) by 24.7% in the third quarter, Holdings Channel reports. The firm owned 193,352 shares of the financial services provider’s stock after selling 63,363 shares during the period. Atria Investments Inc’s holdings in U.S. Bancorp were worth $9,345,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Guerra Advisors Inc acquired a new stake in shares of U.S. Bancorp during the third quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in U.S. Bancorp in the 3rd quarter valued at approximately $26,000. IMG Wealth Management Inc. acquired a new stake in U.S. Bancorp in the 2nd quarter valued at approximately $25,000. Hillsdale Investment Management Inc. acquired a new position in U.S. Bancorp during the second quarter worth $27,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in shares of U.S. Bancorp during the third quarter worth $31,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Bank of America boosted their price objective on U.S. Bancorp from $54.00 to $55.00 and gave the company a “buy” rating in a report on Friday, October 17th. Evercore lifted their target price on U.S. Bancorp from $60.00 to $65.00 and gave the company an “in-line” rating in a research report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $52.50 price objective for the company in a research note on Thursday, October 23rd. JPMorgan Chase & Co. upped their target price on shares of U.S. Bancorp from $55.50 to $62.00 and gave the stock an “underweight” rating in a research note on Monday. Finally, TD Cowen increased their target price on shares of U.S. Bancorp from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $59.79.

Insider Activity

In other news, insider Mark G. Runkel sold 32,195 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the completion of the transaction, the insider directly owned 97,728 shares of the company’s stock, valued at approximately $5,927,203.20. This represents a 24.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Down 1.9%

Shares of U.S. Bancorp stock opened at $57.82 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $61.19. The company has a market capitalization of $89.87 billion, a P/E ratio of 12.51, a P/E/G ratio of 1.06 and a beta of 1.06. The company has a 50 day moving average of $55.30 and a 200 day moving average of $50.23.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. The company had revenue of $7.92 billion for the quarter, compared to the consensus estimate of $7.31 billion. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 EPS. As a group, research analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Wednesday, December 31st. U.S. Bancorp’s payout ratio is 45.02%.

About U.S. Bancorp

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.