Level Four Advisory Services LLC decreased its position in shares of U.S. Bancorp (NYSE:USB) by 20.8% during the first quarter, Holdings Channel reports. The fund owned 4,172 shares of the financial services provider’s stock after selling 1,095 shares during the period. Level Four Advisory Services LLC’s holdings in U.S. Bancorp were worth $213,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Hudock Capital Group LLC boosted its position in shares of U.S. Bancorp by 0.4% in the first quarter. Hudock Capital Group LLC now owns 3,787 shares of the financial services provider’s stock worth $195,000 after buying an additional 16 shares during the last quarter. Beese Fulmer Investment Management Inc. boosted its position in shares of U.S. Bancorp by 0.4% in the first quarter. Beese Fulmer Investment Management Inc. now owns 5,610 shares of the financial services provider’s stock worth $289,000 after buying an additional 25 shares during the last quarter. D. Scott Neal Inc. boosted its position in shares of U.S. Bancorp by 0.5% in the first quarter. D. Scott Neal Inc. now owns 7,488 shares of the financial services provider’s stock worth $386,000 after buying an additional 36 shares during the last quarter. Smith Moore & CO. boosted its position in shares of U.S. Bancorp by 0.4% in the first quarter. Smith Moore & CO. now owns 13,586 shares of the financial services provider’s stock worth $700,000 after buying an additional 51 shares during the last quarter. Finally, Sandy Spring Bank boosted its position in shares of U.S. Bancorp by 0.7% in the first quarter. Sandy Spring Bank now owns 7,674 shares of the financial services provider’s stock worth $395,000 after buying an additional 51 shares during the last quarter. 75.84% of the stock is owned by institutional investors.

U.S. Bancorp (USB) traded down 0.65% on Friday, hitting $52.04. The company had a trading volume of 1,410,681 shares. U.S. Bancorp has a 12-month low of $42.17 and a 12-month high of $56.61. The firm has a 50-day moving average price of $52.30 and a 200-day moving average price of $52.54. The firm has a market capitalization of $87.05 billion, a PE ratio of 15.72 and a beta of 0.86.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.01. U.S. Bancorp had a return on equity of 13.85% and a net margin of 25.60%. The business had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same period in the prior year, the company earned $0.82 EPS. U.S. Bancorp’s revenue for the quarter was up .7% on a year-over-year basis. On average, equities research analysts anticipate that U.S. Bancorp will post $3.44 earnings per share for the current fiscal year.

U.S. Bancorp announced that its Board of Directors has authorized a stock repurchase program on Wednesday, June 28th that allows the company to buyback $2.60 billion in shares. This buyback authorization allows the financial services provider to purchase up to 3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a dividend of $0.28 per share. The ex-dividend date was Wednesday, June 28th. This represents a $1.12 annualized dividend and a dividend yield of 2.14%. U.S. Bancorp’s dividend payout ratio is currently 33.63%.

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A number of research analysts have issued reports on the company. Wells Fargo & Company assumed coverage on U.S. Bancorp in a report on Wednesday. They set a “market perform” rating and a $56.00 price objective for the company. Jefferies Group LLC reissued a “buy” rating and set a $59.00 price objective on shares of U.S. Bancorp in a report on Friday, June 9th. BidaskClub cut U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Rafferty Capital Markets cut U.S. Bancorp from a “buy” rating to a “hold” rating and set a $53.00 price objective for the company. in a report on Thursday, April 20th. Finally, Argus raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Thursday, July 20th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $52.85.

In related news, Vice Chairman P.W. Parker sold 29,449 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $51.94, for a total transaction of $1,529,581.06. Following the completion of the sale, the insider now directly owns 307,698 shares in the company, valued at approximately $15,981,834.12. The sale was disclosed in a filing with the SEC, which is available through this link. 0.39% of the stock is owned by corporate insiders.

About U.S. Bancorp

U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.

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

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