U.S. Bancorp (NYSE:USB) Shares Sold by Charles Schwab Trust Co

Charles Schwab Trust Co lessened its stake in shares of U.S. Bancorp (NYSE:USBGet Rating) by 23.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,658 shares of the financial services provider’s stock after selling 3,000 shares during the quarter. Charles Schwab Trust Co’s holdings in U.S. Bancorp were worth $513,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Breiter Capital Management Inc. grew its holdings in U.S. Bancorp by 3.8% during the 4th quarter. Breiter Capital Management Inc. now owns 4,617 shares of the financial services provider’s stock valued at $259,000 after buying an additional 170 shares during the last quarter. Venture Visionary Partners LLC grew its holdings in U.S. Bancorp by 2.1% during the 4th quarter. Venture Visionary Partners LLC now owns 8,302 shares of the financial services provider’s stock valued at $466,000 after buying an additional 171 shares during the last quarter. International Assets Investment Management LLC grew its holdings in U.S. Bancorp by 2.6% during the 4th quarter. International Assets Investment Management LLC now owns 6,671 shares of the financial services provider’s stock valued at $270,000 after buying an additional 172 shares during the last quarter. First Affirmative Financial Network grew its holdings in U.S. Bancorp by 2.3% during the 4th quarter. First Affirmative Financial Network now owns 7,567 shares of the financial services provider’s stock valued at $425,000 after buying an additional 172 shares during the last quarter. Finally, McAdam LLC lifted its stake in shares of U.S. Bancorp by 2.2% during the 4th quarter. McAdam LLC now owns 8,166 shares of the financial services provider’s stock worth $459,000 after purchasing an additional 175 shares during the period. Hedge funds and other institutional investors own 74.92% of the company’s stock.

A number of research analysts have weighed in on USB shares. Wolfe Research reduced their price target on U.S. Bancorp from $62.00 to $54.00 and set an “outperform” rating on the stock in a research note on Thursday, May 26th. Oppenheimer increased their price target on U.S. Bancorp from $67.00 to $72.00 in a research note on Tuesday, May 3rd. UBS Group lowered U.S. Bancorp from a “buy” rating to a “neutral” rating and cut their target price for the stock from $64.00 to $56.00 in a research report on Friday, April 8th. Bank of America increased their target price on U.S. Bancorp from $54.00 to $56.00 and gave the stock a “neutral” rating in a research report on Monday, April 18th. Finally, Citigroup lowered U.S. Bancorp from a “buy” rating to a “neutral” rating and set a $56.00 target price on the stock. in a research report on Monday, April 11th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $62.77.

Shares of U.S. Bancorp stock traded down $0.86 during trading hours on Thursday, hitting $45.64. 101,536 shares of the company’s stock traded hands, compared to its average volume of 7,687,455. The stock has a 50 day simple moving average of $49.94 and a 200-day simple moving average of $54.43. The company has a quick ratio of 0.74, a current ratio of 0.75 and a debt-to-equity ratio of 0.73. The company has a market cap of $67.81 billion, a PE ratio of 10.02, a PEG ratio of 1.61 and a beta of 0.98. U.S. Bancorp has a twelve month low of $44.79 and a twelve month high of $63.57.

U.S. Bancorp (NYSE:USBGet Rating) last announced its earnings results on Thursday, April 14th. The financial services provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.06. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.55 billion. U.S. Bancorp had a return on equity of 15.24% and a net margin of 30.41%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $1.45 earnings per share. As a group, equities research analysts predict that U.S. Bancorp will post 4.42 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $1.84 dividend on an annualized basis and a yield of 4.03%. U.S. Bancorp’s dividend payout ratio (DPR) is 39.66%.

U.S. Bancorp Profile (Get Rating)

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 in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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