U.S. Bancorp $USB Shares Sold by Goodman Advisory Group LLC

Goodman Advisory Group LLC decreased its position in U.S. Bancorp (NYSE:USB) by 8.3% in the 4th quarter, Holdings Channel reports. The fund owned 177,873 shares of the financial services provider’s stock after selling 16,162 shares during the period. U.S. Bancorp accounts for 2.3% of Goodman Advisory Group LLC’s holdings, making the stock its 17th biggest holding. Goodman Advisory Group LLC’s holdings in U.S. Bancorp were worth $9,491,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of U.S. Bancorp by 323.0% during the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock valued at $2,309,000 after buying an additional 36,863 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of U.S. Bancorp by 2.1% during the 1st quarter. Empowered Funds LLC now owns 34,411 shares of the financial services provider’s stock valued at $1,453,000 after buying an additional 714 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of U.S. Bancorp by 18.9% during the 1st quarter. Intech Investment Management LLC now owns 39,276 shares of the financial services provider’s stock valued at $1,658,000 after buying an additional 6,252 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of U.S. Bancorp during the 2nd quarter valued at approximately $425,000. Finally, Nebula Research & Development LLC purchased a new position in shares of U.S. Bancorp during the 2nd quarter valued at approximately $701,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of USB opened at $56.86 on Thursday. The business’s fifty day moving average price is $55.01 and its 200 day moving average price is $54.43. U.S. Bancorp has a 12-month low of $42.55 and a 12-month high of $61.19. The stock has a market capitalization of $88.20 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 1.01 and a beta of 0.97. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81.

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

Analysts Set New Price Targets

USB has been the subject of several research analyst reports. Jefferies Financial Group reiterated a “hold” rating and set a $60.00 target price on shares of U.S. Bancorp in a research note on Thursday, April 16th. Oppenheimer increased their target price on U.S. Bancorp from $73.00 to $74.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Morgan Stanley set a $64.00 target price on U.S. Bancorp in a research note on Friday, April 17th. Wall Street Zen cut U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Finally, DA Davidson reiterated a “buy” rating and set a $65.00 target price on shares of U.S. Bancorp in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $61.20.

Insiders Place Their Bets

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

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.