Goodman Advisory Group LLC Decreases Stock Position in U.S. Bancorp $USB

Goodman Advisory Group LLC trimmed its position in U.S. Bancorp (NYSE:USB) by 8.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,873 shares of the financial services provider’s stock after selling 16,162 shares during the period. U.S. Bancorp comprises about 2.3% of Goodman Advisory Group LLC’s investment portfolio, making the stock its 17th largest position. Goodman Advisory Group LLC’s holdings in U.S. Bancorp were worth $9,491,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new position in U.S. Bancorp in the 3rd quarter valued at about $25,000. Clayton Financial Group LLC purchased a new position in U.S. Bancorp in the 4th quarter valued at about $25,000. JPL Wealth Management LLC purchased a new position in U.S. Bancorp in the 3rd quarter valued at about $28,000. Binnacle Investments Inc lifted its holdings in U.S. Bancorp by 77.8% in the 3rd quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 273 shares in the last quarter. Finally, Westfuller Advisors LLC lifted its holdings in U.S. Bancorp by 54.7% in the 4th quarter. Westfuller Advisors LLC now owns 608 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 215 shares in the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Stock Up 1.5%

USB opened at $56.86 on Thursday. The firm has a 50 day moving average price of $55.01 and a 200 day moving average price of $54.43. The company has a market cap 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. U.S. Bancorp has a 1 year low of $42.55 and a 1 year high of $61.19. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.81 and a current 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, topping analysts’ consensus estimates of $1.14 by $0.04. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The firm had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The company’s revenue was up 4.7% on a year-over-year basis. Sell-side analysts expect that U.S. Bancorp will post 5.09 earnings per share for the current year.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, EVP Venkatachari Dilip sold 34,522 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $2,847,731.84. This trade represents a 40.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jodi L. Richard sold 40,000 shares of the stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the completion of the sale, the insider directly owned 207,251 shares of the company’s stock, valued at $11,813,307. This trade represents a 16.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on USB. Wall Street Zen lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. DA Davidson restated a “buy” rating and issued a $65.00 target price on shares of U.S. Bancorp in a report on Friday, April 17th. Jefferies Financial Group restated a “hold” rating and issued a $60.00 target price on shares of U.S. Bancorp in a report on Thursday, April 16th. Barclays upped their target price on shares of U.S. Bancorp from $65.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Finally, JPMorgan Chase & Co. cut their price objective on shares of U.S. Bancorp from $58.00 to $57.50 and set an “underweight” rating on the stock in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued 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 presently has a consensus rating of “Moderate Buy” and an average price target of $61.20.

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.