Diversify Advisory Services LLC Sells 3,806 Shares of U.S. Bancorp (NYSE:USB)

Diversify Advisory Services LLC lessened its stake in shares of U.S. Bancorp (NYSE:USB) by 18.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 17,041 shares of the financial services provider’s stock after selling 3,806 shares during the period. Diversify Advisory Services LLC’s holdings in U.S. Bancorp were worth $807,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of USB. Renaissance Technologies LLC purchased a new position in shares of U.S. Bancorp during the second quarter valued at $9,198,000. Canada Pension Plan Investment Board increased its position in U.S. Bancorp by 22.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 329,245 shares of the financial services provider’s stock valued at $13,071,000 after purchasing an additional 59,284 shares during the period. Pacer Advisors Inc. raised its holdings in shares of U.S. Bancorp by 4.6% in the 2nd quarter. Pacer Advisors Inc. now owns 111,691 shares of the financial services provider’s stock valued at $4,434,000 after purchasing an additional 4,910 shares in the last quarter. Ensign Peak Advisors Inc lifted its position in shares of U.S. Bancorp by 8.5% in the 2nd quarter. Ensign Peak Advisors Inc now owns 424,102 shares of the financial services provider’s stock worth $16,837,000 after purchasing an additional 33,120 shares during the period. Finally, ProShare Advisors LLC boosted its stake in shares of U.S. Bancorp by 5.1% during the second quarter. ProShare Advisors LLC now owns 316,903 shares of the financial services provider’s stock valued at $12,581,000 after purchasing an additional 15,263 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Trading Up 2.0 %

NYSE USB opened at $49.33 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 company has a market capitalization of $76.96 billion, a PE ratio of 13.02, a P/E/G ratio of 1.80 and a beta of 1.05. The company has a fifty day moving average of $50.13 and a 200 day moving average of $46.94.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. The business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 EPS. Research analysts forecast that U.S. Bancorp will post 4.35 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.05%. U.S. Bancorp’s payout ratio is 52.77%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Compass Point upped their price objective on U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. DA Davidson raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price target for the company from $58.00 to $60.00 in a research report on Thursday, January 2nd. Evercore ISI lifted their price objective on shares of U.S. Bancorp from $51.00 to $54.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Raymond James raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 target price for the company in a research report on Thursday, December 19th. Finally, Robert W. Baird set a $54.00 price target on shares of U.S. Bancorp in a report on Thursday, October 17th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $54.21.

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.