Weaver Capital Management LLC Sells 2,607 Shares of U.S. Bancorp (NYSE:USB)

Weaver Capital Management LLC reduced its position in U.S. Bancorp (NYSE:USB) by 7.5% during the fourth quarter, HoldingsChannel reports. The fund owned 32,219 shares of the financial services provider’s stock after selling 2,607 shares during the quarter. Weaver Capital Management LLC’s holdings in U.S. Bancorp were worth $1,541,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in USB. AMF Tjanstepension AB increased its position in shares of U.S. Bancorp by 16.9% during the third quarter. AMF Tjanstepension AB now owns 532,105 shares of the financial services provider’s stock valued at $24,401,000 after buying an additional 76,914 shares during the period. Czech National Bank increased its position in shares of U.S. Bancorp by 6.9% in the third quarter. Czech National Bank now owns 317,882 shares of the financial services provider’s stock worth $14,537,000 after purchasing an additional 20,522 shares during the last quarter. GAMMA Investing LLC increased its position in shares of U.S. Bancorp by 22.3% in the third quarter. GAMMA Investing LLC now owns 32,206 shares of the financial services provider’s stock worth $1,473,000 after purchasing an additional 5,883 shares during the last quarter. Miracle Mile Advisors LLC increased its position in shares of U.S. Bancorp by 11.8% in the third quarter. Miracle Mile Advisors LLC now owns 7,898 shares of the financial services provider’s stock worth $361,000 after purchasing an additional 834 shares during the last quarter. Finally, Kure Advisory LLC bought a new position in shares of U.S. Bancorp in the third quarter worth approximately $222,000. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Price Performance

Shares of NYSE:USB opened at $47.48 on Wednesday. U.S. Bancorp has a 1-year low of $37.81 and a 1-year high of $53.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The business has a fifty day moving average price of $49.58 and a 200-day moving average price of $47.40. The company has a market capitalization of $74.07 billion, a PE ratio of 12.53, a PEG ratio of 1.77 and a beta of 1.04.

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

U.S. Bancorp Announces Dividend

The firm also recently disclosed 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 4.21%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 52.77%.

Analyst Upgrades and Downgrades

USB has been the topic of several research analyst reports. Wells Fargo & Company upped their price objective on shares of U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Citigroup raised U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their target price for the stock from $49.00 to $65.00 in a research note on Monday, November 25th. Deutsche Bank Aktiengesellschaft lowered U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 target price for the company. in a research note on Thursday, October 24th. Barclays upped their target price on U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Finally, Royal Bank of Canada set a $53.00 target price on U.S. Bancorp in a research note on Thursday, October 17th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $54.21.

U.S. Bancorp Company 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.