U.S. Bancorp (NYSE:USB) Shares Sold by Claro Advisors LLC

Claro Advisors LLC trimmed its position in shares of U.S. Bancorp (NYSE:USB) by 5.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,536 shares of the financial services provider’s stock after selling 3,855 shares during the quarter. Claro Advisors LLC’s holdings in U.S. Bancorp were worth $2,885,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in USB. Vanguard Group Inc. increased its holdings in shares of U.S. Bancorp by 5.0% in the third quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock valued at $4,513,127,000 after purchasing an additional 6,479,642 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of U.S. Bancorp by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 33,719,110 shares of the financial services provider’s stock worth $1,459,363,000 after acquiring an additional 2,598,163 shares during the period. Norges Bank purchased a new position in shares of U.S. Bancorp during the 4th quarter worth $827,370,000. Morgan Stanley boosted its position in shares of U.S. Bancorp by 4.3% during the 3rd quarter. Morgan Stanley now owns 18,129,558 shares of the financial services provider’s stock valued at $599,363,000 after acquiring an additional 751,865 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in U.S. Bancorp by 3.0% during the fourth quarter. Van ECK Associates Corp now owns 8,941,642 shares of the financial services provider’s stock worth $386,994,000 after purchasing an additional 264,264 shares during the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on USB shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $45.00 target price (down from $52.00) on shares of U.S. Bancorp in a report on Thursday, April 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a $47.00 price objective on shares of U.S. Bancorp in a report on Thursday, May 16th. UBS Group cut their target price on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. StockNews.com raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 14th. Finally, Compass Point raised U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $46.00 to $49.00 in a research report on Friday, March 22nd. Sixteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $46.02.

U.S. Bancorp Trading Down 1.2 %

Shares of NYSE USB traded down $0.46 during trading on Monday, reaching $39.24. The stock had a trading volume of 8,068,372 shares, compared to its average volume of 8,405,683. U.S. Bancorp has a fifty-two week low of $30.47 and a fifty-two week high of $45.85. The company has a market cap of $61.23 billion, a P/E ratio of 12.98, a PEG ratio of 3.82 and a beta of 1.04. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. The business’s 50-day moving average price is $40.35 and its 200-day moving average price is $41.70.

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

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date of this dividend is Friday, June 28th. U.S. Bancorp’s dividend payout ratio is presently 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.