Geneos Wealth Management Inc. lowered its position in U.S. Bancorp (NYSE:USB – Free Report) by 30.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,737 shares of the financial services provider’s stock after selling 4,249 shares during the period. Geneos Wealth Management Inc.’s holdings in U.S. Bancorp were worth $351,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of USB. Moneta Group Investment Advisors LLC boosted its holdings in U.S. Bancorp by 130,768.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 60,273,882 shares of the financial services provider’s stock valued at $2,628,544,000 after purchasing an additional 60,227,825 shares during the last quarter. Mufg Bank LTD. purchased a new stake in U.S. Bancorp in the 4th quarter worth approximately $1,935,157,000. Price T Rowe Associates Inc. MD grew its stake in shares of U.S. Bancorp by 912.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,756,814 shares of the financial services provider’s stock worth $1,428,525,000 after purchasing an additional 29,521,176 shares during the period. Norges Bank purchased a new stake in U.S. Bancorp during the fourth quarter worth $644,436,000. Finally, CIBC Private Wealth Group LLC increased its holdings in U.S. Bancorp by 101.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 11,361,450 shares of the financial services provider’s stock valued at $492,609,000 after buying an additional 5,716,555 shares in the last quarter. 74.61% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at U.S. Bancorp
In related news, insider James B. Kelligrew bought 16,260 shares of the stock in a transaction on Monday, May 8th. The shares were bought at an average cost of $30.59 per share, for a total transaction of $497,393.40. Following the purchase, the insider now owns 151,927 shares of the company’s stock, valued at approximately $4,647,446.93. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other U.S. Bancorp news, Director Alan B. Colberg acquired 10,000 shares of the stock in a transaction on Friday, April 21st. The shares were bought at an average price of $34.14 per share, with a total value of $341,400.00. Following the acquisition, the director now owns 10,050 shares of the company’s stock, valued at $343,107. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James B. Kelligrew acquired 16,260 shares of the stock in a transaction on Monday, May 8th. The stock was acquired at an average cost of $30.59 per share, for a total transaction of $497,393.40. Following the acquisition, the insider now directly owns 151,927 shares in the company, valued at approximately $4,647,446.93. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 76,698 shares of company stock worth $2,446,082. 0.24% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
U.S. Bancorp Price Performance
Shares of USB opened at $35.81 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.80 and a quick ratio of 0.80. U.S. Bancorp has a 1-year low of $27.27 and a 1-year high of $49.95. The stock has a market cap of $54.89 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 1.58 and a beta of 0.96. The firm has a fifty day moving average price of $31.92 and a 200 day moving average price of $38.40.
U.S. Bancorp (NYSE:USB – Get Free Report) last announced its earnings results on Wednesday, April 19th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.09). The firm had revenue of $7.18 billion during the quarter, compared to analyst estimates of $7.14 billion. U.S. Bancorp had a net margin of 19.21% and a return on equity of 16.70%. The firm’s revenue for the quarter was up 28.2% compared to the same quarter last year. During the same period last year, the company earned $0.99 earnings per share. As a group, sell-side analysts anticipate that U.S. Bancorp will post 4.43 EPS for the current year.
U.S. Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 5.36%. The ex-dividend date of this dividend is Thursday, June 29th. U.S. Bancorp’s payout ratio is currently 51.06%.
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 in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.
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