Silicon Valley Capital Partners Reduces Position in U.S. Bancorp (NYSE:USB)

Silicon Valley Capital Partners lessened its stake in shares of U.S. Bancorp (NYSE:USB) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 217,477 shares of the financial services provider’s stock after selling 1,528 shares during the quarter. U.S. Bancorp comprises approximately 1.2% of Silicon Valley Capital Partners’ holdings, making the stock its 25th largest holding. Silicon Valley Capital Partners’ holdings in U.S. Bancorp were worth $10,402,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Savant Capital LLC boosted its stake in shares of U.S. Bancorp by 4.6% during the fourth quarter. Savant Capital LLC now owns 61,049 shares of the financial services provider’s stock valued at $2,920,000 after purchasing an additional 2,670 shares during the period. Focused Wealth Management Inc lifted its stake in U.S. Bancorp by 7.1% in the fourth quarter. Focused Wealth Management Inc now owns 5,324 shares of the financial services provider’s stock worth $255,000 after acquiring an additional 352 shares during the period. Compass Financial Services Inc purchased a new stake in U.S. Bancorp in the fourth quarter worth $45,000. Kestra Private Wealth Services LLC lifted its stake in U.S. Bancorp by 11.1% in the fourth quarter. Kestra Private Wealth Services LLC now owns 31,190 shares of the financial services provider’s stock worth $1,492,000 after acquiring an additional 3,123 shares during the period. Finally, Miller Howard Investments Inc. NY purchased a new stake in U.S. Bancorp in the fourth quarter worth $37,137,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

Shares of USB opened at $47.22 on Monday. The company has a market capitalization of $73.66 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 1.77 and a beta of 1.04. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The firm has a 50 day moving average of $49.09 and a 200 day moving average of $47.45. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 earnings per share. As a group, equities research analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio is currently 52.77%.

Analysts Set New Price Targets

A number of analysts recently commented on USB shares. Robert W. Baird set a $54.00 price target on U.S. Bancorp in a research note on Thursday, October 17th. Wells Fargo & Company raised their price target on U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Raymond James raised U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price target for the company in a research note on Thursday, December 19th. Compass Point increased their price objective on U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Barclays increased their price objective on U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $54.21.

Insider Buying and Selling

In other U.S. Bancorp news, CEO Andrew Cecere sold 102,044 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the completion of the sale, the chief executive officer now directly owns 1,230,316 shares of the company’s stock, valued at approximately $58,132,431. This represents a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of U.S. Bancorp stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the transaction, the insider now owns 209,482 shares in the company, valued at $9,837,274.72. This represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 219,812 shares of company stock worth $10,385,665. 0.23% of the stock is owned by insiders.

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.