Securian Asset Management Inc. Sells 32,887 Shares of U.S. Bancorp $USB

Securian Asset Management Inc. lowered its position in U.S. Bancorp (NYSE:USB) by 43.8% during the 4th quarter, HoldingsChannel reports. The firm owned 42,268 shares of the financial services provider’s stock after selling 32,887 shares during the period. Securian Asset Management Inc.’s holdings in U.S. Bancorp were worth $2,255,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. ABN AMRO Bank N.V. increased its holdings in shares of U.S. Bancorp by 97.4% in the fourth quarter. ABN AMRO Bank N.V. now owns 12,320 shares of the financial services provider’s stock worth $666,000 after purchasing an additional 6,080 shares during the period. Pure Financial Advisors LLC increased its holdings in shares of U.S. Bancorp by 10.9% in the fourth quarter. Pure Financial Advisors LLC now owns 9,416 shares of the financial services provider’s stock worth $502,000 after purchasing an additional 924 shares during the period. Income Insurance Ltd bought a new position in shares of U.S. Bancorp in the fourth quarter worth $246,000. Nwam LLC increased its holdings in shares of U.S. Bancorp by 0.5% in the fourth quarter. Nwam LLC now owns 121,489 shares of the financial services provider’s stock worth $6,783,000 after purchasing an additional 620 shares during the period. Finally, D Orazio & Associates Inc. increased its holdings in shares of U.S. Bancorp by 34.7% in the fourth quarter. D Orazio & Associates Inc. now owns 8,460 shares of the financial services provider’s stock worth $451,000 after purchasing an additional 2,178 shares during the period. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Down 1.9%

USB opened at $54.47 on Tuesday. The stock has a market cap of $84.55 billion, a PE ratio of 11.42, a P/E/G ratio of 1.00 and a beta of 1.00. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a 52 week low of $42.21 and a 52 week high of $61.19. The business’s fifty day simple moving average is $53.99 and its 200 day simple moving average is $53.27.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.04. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The business had revenue of $7.32 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. As a group, research analysts expect that U.S. Bancorp will post 5.09 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.8%. The ex-dividend date was Tuesday, March 31st. U.S. Bancorp’s dividend payout ratio is presently 43.61%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on USB. Royal Bank Of Canada increased their target price on U.S. Bancorp from $59.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. TD Cowen increased their target price on U.S. Bancorp from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Morgan Stanley set a $64.00 target price on U.S. Bancorp in a research note on Friday, April 17th. Evercore increased their target price on U.S. Bancorp from $60.00 to $65.00 and gave the company an “in-line” rating in a research note on Thursday, February 5th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $60.00 target price on shares of U.S. Bancorp in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.20.

Insider Activity

In other U.S. Bancorp news, EVP Venkatachari Dilip sold 34,522 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the completion of the sale, the executive vice president directly owned 51,292 shares in the company, valued at $2,847,731.84. This represents a 40.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jodi L. Richard sold 40,000 shares of the company’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the sale, the insider owned 207,251 shares of the company’s stock, valued at approximately $11,813,307. The trade was a 16.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.21% of the company’s stock.

U.S. Bancorp Company Profile

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.