ProVise Management Group LLC lowered its holdings in U.S. Bancorp (NYSE:USB) by 1.5% in the first quarter, HoldingsChannel.com reports. The fund owned 21,663 shares of the financial services provider’s stock after selling 325 shares during the quarter. ProVise Management Group LLC’s holdings in U.S. Bancorp were worth $1,044,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in U.S. Bancorp by 5.7% in the fourth quarter. Advisors Asset Management Inc. now owns 96,212 shares of the financial services provider’s stock worth $4,397,000 after acquiring an additional 5,168 shares during the period. Pegasus Partners Ltd. raised its position in U.S. Bancorp by 13.3% in the fourth quarter. Pegasus Partners Ltd. now owns 46,620 shares of the financial services provider’s stock worth $2,131,000 after acquiring an additional 5,468 shares during the period. Brightworth raised its position in U.S. Bancorp by 0.8% in the fourth quarter. Brightworth now owns 112,900 shares of the financial services provider’s stock worth $5,160,000 after acquiring an additional 927 shares during the period. Financial Counselors Inc. raised its position in U.S. Bancorp by 6.4% in the fourth quarter. Financial Counselors Inc. now owns 143,982 shares of the financial services provider’s stock worth $6,580,000 after acquiring an additional 8,619 shares during the period. Finally, Providence Capital Advisors LLC raised its position in U.S. Bancorp by 2.9% in the fourth quarter. Providence Capital Advisors LLC now owns 41,479 shares of the financial services provider’s stock worth $1,896,000 after acquiring an additional 1,153 shares during the period. 74.66% of the stock is owned by institutional investors.

Several research firms have weighed in on USB. Zacks Investment Research downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, April 9th. Oppenheimer increased their price target on shares of U.S. Bancorp from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. U.S. Bancorp currently has a consensus rating of “Hold” and an average price target of $58.33.

In other news, Vice Chairman Gillern Jeffry H. Von sold 4,669 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $53.14, for a total transaction of $248,110.66. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Vice Chairman James B. Kelligrew sold 20,000 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 49,495 shares in the company, valued at $2,504,941.95. The disclosure for this sale can be found here. Insiders have sold a total of 37,233 shares of company stock worth $1,907,734 over the last 90 days. Insiders own 0.24% of the company’s stock.

USB traded down $0.55 during trading on Wednesday, hitting $52.63. The company’s stock had a trading volume of 1,302,067 shares, compared to its average volume of 6,179,586. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. U.S. Bancorp has a one year low of $43.14 and a one year high of $55.56. The company has a market capitalization of $83.85 billion, a PE ratio of 12.84, a PEG ratio of 1.75 and a beta of 1.08.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.00 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.00. The business had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.62 billion. U.S. Bancorp had a net margin of 27.02% and a return on equity of 15.53%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.96 earnings per share. Equities analysts forecast that U.S. Bancorp will post 4.29 earnings per share for the current fiscal year.

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

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