1832 Asset Management L.P. cut its position in shares of U.S. Bancorp (NYSE:USB) by 0.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 474,964 shares of the financial services provider’s stock after selling 2,499 shares during the period. 1832 Asset Management L.P.’s holdings in U.S. Bancorp were worth $17,055,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Engrave Wealth Partners LLC bought a new stake in shares of U.S. Bancorp during the fourth quarter valued at approximately $26,000. Advocacy Wealth Management Services LLC grew its position in U.S. Bancorp by 58.1% in the first quarter. Advocacy Wealth Management Services LLC now owns 849 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 312 shares during the period. Magellan Asset Management Ltd bought a new stake in U.S. Bancorp in the first quarter valued at $27,000. Solstein Capital LLC bought a new stake in U.S. Bancorp in the fourth quarter valued at $30,000. Finally, Sowa Financial Group Inc. bought a new stake in U.S. Bancorp in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 73.64% of the company’s stock.

NYSE:USB traded down $1.67 during mid-day trading on Friday, hitting $36.38. The company had a trading volume of 2,734,162 shares, compared to its average volume of 11,243,195. U.S. Bancorp has a fifty-two week low of $28.36 and a fifty-two week high of $61.11. The business’s fifty day moving average is $36.17 and its two-hundred day moving average is $44.71. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.85 and a current ratio of 0.86. The firm has a market cap of $55.54 billion, a P/E ratio of 9.58, a P/E/G ratio of 2.74 and a beta of 1.15.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, April 15th. The financial services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.14. U.S. Bancorp had a return on equity of 14.15% and a net margin of 23.37%. The firm had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same quarter in the prior year, the firm posted $1.00 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. Equities analysts forecast that U.S. Bancorp will post 2.25 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend is Monday, June 29th. U.S. Bancorp’s payout ratio is 38.71%.

A number of analysts have weighed in on the company. Zacks Investment Research upgraded U.S. Bancorp from a “strong sell” rating to a “hold” rating and set a $31.00 price target on the stock in a research report on Tuesday, June 2nd. Royal Bank of Canada reissued a “buy” rating and issued a $48.00 price objective on shares of U.S. Bancorp in a research note on Wednesday, April 8th. Stephens reduced their price objective on U.S. Bancorp from $47.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. Wells Fargo & Co boosted their price objective on U.S. Bancorp from $40.00 to $46.00 and gave the stock an “overweight” rating in a research note on Thursday, June 4th. Finally, Barclays reissued a “buy” rating and issued a $53.00 price objective on shares of U.S. Bancorp in a research note on Thursday, April 9th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company’s stock. U.S. Bancorp has an average rating of “Hold” and a consensus price target of $47.16.

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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