US Bancorp DE Sells 170,176 Shares of U.S. Bancorp (NYSE:USB)

US Bancorp DE lowered its holdings in U.S. Bancorp (NYSE:USB) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,529,663 shares of the financial services provider’s stock after selling 170,176 shares during the quarter. US Bancorp DE’s holdings in U.S. Bancorp were worth $369,164,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Vestor Capital LLC raised its holdings in U.S. Bancorp by 1.5% during the fourth quarter. Vestor Capital LLC now owns 17,179 shares of the financial services provider’s stock worth $744,000 after purchasing an additional 253 shares in the last quarter. Mosaic Family Wealth Partners LLC increased its holdings in shares of U.S. Bancorp by 1.4% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider’s stock valued at $832,000 after acquiring an additional 265 shares during the period. Wealth Alliance increased its holdings in shares of U.S. Bancorp by 0.5% in the 4th quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock valued at $2,131,000 after acquiring an additional 266 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of U.S. Bancorp by 8.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,757 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 285 shares during the period. Finally, Mechanics Financial Corp increased its holdings in shares of U.S. Bancorp by 4.9% in the 4th quarter. Mechanics Financial Corp now owns 6,386 shares of the financial services provider’s stock valued at $276,000 after acquiring an additional 300 shares during the period. Institutional investors own 77.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on USB shares. DA Davidson cut their target price on shares of U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. HSBC raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their target price for the company from $47.00 to $53.00 in a report on Thursday, March 28th. Compass Point upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $46.00 to $49.00 in a research report on Friday, March 22nd. Oppenheimer lowered their price objective on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a research report on Thursday, April 18th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of U.S. Bancorp from $45.00 to $43.50 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Fifteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, U.S. Bancorp presently has a consensus rating of “Hold” and a consensus target price of $46.02.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock traded down $0.98 on Thursday, hitting $39.79. The company’s stock had a trading volume of 3,334,769 shares, compared to its average volume of 8,365,543. The firm has a fifty day moving average price of $42.07 and a 200-day moving average price of $41.30. U.S. Bancorp has a 52-week low of $29.33 and a 52-week high of $45.85. The company has a market capitalization of $62.09 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 3.97 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The firm had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the previous year, the company posted $1.16 EPS. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, equities research analysts expect that U.S. Bancorp will post 3.84 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend was Wednesday, March 27th. U.S. Bancorp’s payout ratio is 64.90%.

U.S. Bancorp Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.