Greater Midwest Financial Group LLC Sells 270 Shares of U.S. Bancorp (NYSE:USB)

Greater Midwest Financial Group LLC decreased its holdings in shares of U.S. Bancorp (NYSE:USB) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,816 shares of the financial services provider’s stock after selling 270 shares during the quarter. Greater Midwest Financial Group LLC’s holdings in U.S. Bancorp were worth $374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in U.S. Bancorp by 323.0% during the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock valued at $2,309,000 after acquiring an additional 36,863 shares in the last quarter. Secure Asset Management LLC grew its position in shares of U.S. Bancorp by 3.1% during the 4th quarter. Secure Asset Management LLC now owns 9,510 shares of the financial services provider’s stock valued at $455,000 after purchasing an additional 289 shares in the last quarter. Red Door Wealth Management LLC bought a new position in shares of U.S. Bancorp in the fourth quarter worth $256,000. Donoghue Forlines LLC purchased a new stake in shares of U.S. Bancorp in the fourth quarter worth $1,460,000. Finally, Wesbanco Bank Inc. boosted its stake in U.S. Bancorp by 2.1% during the fourth quarter. Wesbanco Bank Inc. now owns 246,910 shares of the financial services provider’s stock valued at $11,810,000 after buying an additional 4,971 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on USB. Wells Fargo & Company raised their price target on U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Evercore ISI lifted their target price on shares of U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Oppenheimer increased their price target on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Raymond James raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a report on Thursday, December 19th. Finally, Stephens increased their target price on U.S. Bancorp from $49.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.21.

U.S. Bancorp Stock Performance

Shares of NYSE:USB opened at $48.44 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The company has a market cap of $75.56 billion, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 1.81 and a beta of 1.05. U.S. Bancorp has a 12 month low of $37.81 and a 12 month high of $53.98. The company has a 50-day moving average price of $50.05 and a 200-day moving average price of $47.03.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 earnings per share. As a group, equities analysts anticipate that U.S. Bancorp will post 4.37 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.13%. U.S. Bancorp’s dividend payout ratio is presently 52.77%.

About U.S. Bancorp

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.