Vicus Capital decreased its position in U.S. Bancorp (NYSE:USB) by 16.8% during the 1st quarter, HoldingsChannel reports. The fund owned 5,657 shares of the financial services provider’s stock after selling 1,141 shares during the quarter. Vicus Capital’s holdings in U.S. Bancorp were worth $273,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently modified their holdings of the company. Executive Wealth Management LLC purchased a new stake in shares of U.S. Bancorp in the fourth quarter valued at about $27,000. WESPAC Advisors SoCal LLC purchased a new stake in shares of U.S. Bancorp in the fourth quarter valued at about $27,000. Gantzert Investment Co. LLC ADV purchased a new stake in shares of U.S. Bancorp in the fourth quarter valued at about $32,000. ERTS Wealth Advisors LLC purchased a new stake in shares of U.S. Bancorp in the fourth quarter valued at about $36,000. Finally, New Potomac Partners LLC acquired a new stake in shares of U.S. Bancorp in the first quarter valued at about $37,000. 75.98% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE USB opened at $51.05 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.87. U.S. Bancorp has a 52 week low of $43.14 and a 52 week high of $55.56. The stock has a market capitalization of $80.89 billion, a P/E ratio of 12.45, a P/E/G ratio of 1.69 and a beta of 1.10.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.90%. The ex-dividend date was Thursday, March 28th. U.S. Bancorp’s dividend payout ratio (DPR) is 36.10%.
Several analysts recently commented on USB shares. Zacks Investment Research cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. Oppenheimer raised their price objective on shares of U.S. Bancorp from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, Robert W. Baird cut shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price objective for the company. in a research note on Monday, January 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. U.S. Bancorp has an average rating of “Hold” and an average target price of $58.33.
In other U.S. Bancorp news, Vice Chairman James B. Kelligrew sold 20,000 shares of U.S. Bancorp stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $50.61, for a total transaction of $1,012,200.00. Following the completion of the transaction, the insider now owns 49,495 shares in the company, valued at $2,504,941.95. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Gillern Jeffry H. Von sold 4,669 shares of U.S. Bancorp stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $53.14, for a total transaction of $248,110.66. The disclosure for this sale can be found here. Insiders sold 37,233 shares of company stock valued at $1,907,734 in the last quarter. Company insiders own 0.24% of the company’s stock.
U.S. Bancorp Company Profile
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.
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