Country Trust Bank Sells 3,004 Shares of U.S. Bancorp (USB)

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Country Trust Bank lessened its holdings in shares of U.S. Bancorp (NYSE:USB) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 612,472 shares of the financial services provider’s stock after selling 3,004 shares during the quarter. U.S. Bancorp accounts for approximately 1.4% of Country Trust Bank’s portfolio, making the stock its 23rd largest position. Country Trust Bank’s holdings in U.S. Bancorp were worth $27,990,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in USB. Pineno Levin & Ford Asset Management Inc. grew its stake in shares of U.S. Bancorp by 3.6% in the 4th quarter. Pineno Levin & Ford Asset Management Inc. now owns 5,750 shares of the financial services provider’s stock worth $263,000 after acquiring an additional 200 shares in the last quarter. First Personal Financial Services boosted its holdings in shares of U.S. Bancorp by 3.3% in the 4th quarter. First Personal Financial Services now owns 6,491 shares of the financial services provider’s stock worth $297,000 after buying an additional 207 shares during the last quarter. Capital Investment Advisors LLC boosted its holdings in shares of U.S. Bancorp by 3.6% in the 4th quarter. Capital Investment Advisors LLC now owns 5,988 shares of the financial services provider’s stock worth $274,000 after buying an additional 209 shares during the last quarter. Bell Rock Capital LLC boosted its holdings in shares of U.S. Bancorp by 16.9% in the 4th quarter. Bell Rock Capital LLC now owns 1,450 shares of the financial services provider’s stock worth $66,000 after buying an additional 210 shares during the last quarter. Finally, Telos Capital Management Inc. boosted its holdings in shares of U.S. Bancorp by 1.9% in the 4th quarter. Telos Capital Management Inc. now owns 12,066 shares of the financial services provider’s stock worth $551,000 after buying an additional 225 shares during the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.

In other U.S. Bancorp news, Vice Chairman Leslie V. Godridge sold 14,737 shares of the company’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $51.50, for a total transaction of $758,955.50. Following the sale, the insider now directly owns 61,737 shares of the company’s stock, valued at $3,179,455.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.43% of the stock is owned by corporate insiders.

A number of brokerages recently weighed in on USB. Zacks Investment Research downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 11th. Robert W. Baird downgraded shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price target on the stock. in a report on Monday, January 28th. Deutsche Bank downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Monday, November 26th. Finally, Citigroup downgraded shares of U.S. Bancorp from a “buy” rating to a “neutral” rating in a report on Friday, November 2nd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $58.00.

NYSE USB opened at $50.91 on Thursday. The stock has a market cap of $81.74 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 1.55 and a beta of 1.08. U.S. Bancorp has a 52 week low of $43.14 and a 52 week high of $56.10. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.91.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, January 16th. The financial services provider reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.01. The business had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.73 billion. U.S. Bancorp had a net margin of 27.53% and a return on equity of 15.64%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 earnings per share. On average, analysts anticipate that U.S. Bancorp will post 4.35 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.91%. The ex-dividend date was Friday, December 28th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 36.10%.

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U.S. Bancorp Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

Further Reading: Determine Your Level of Risk Tolerance

Want to see what other hedge funds are holding USB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Bancorp (NYSE:USB).

Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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