U.S. Bancorp (NYSE:USB) Holdings Decreased by Park Place Capital Corp

Park Place Capital Corp reduced its holdings in U.S. Bancorp (NYSE:USB) by 10.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,443 shares of the financial services provider’s stock after selling 1,361 shares during the period. Park Place Capital Corp’s holdings in U.S. Bancorp were worth $547,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of USB. Madison Park Capital Advisors LLC acquired a new stake in shares of U.S. Bancorp in the 4th quarter valued at $234,000. Albion Financial Group UT raised its holdings in U.S. Bancorp by 92.8% during the fourth quarter. Albion Financial Group UT now owns 696 shares of the financial services provider’s stock valued at $33,000 after buying an additional 335 shares in the last quarter. Global Trust Asset Management LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter worth about $33,000. MBM Wealth Consultants LLC boosted its stake in shares of U.S. Bancorp by 5.3% during the 4th quarter. MBM Wealth Consultants LLC now owns 8,134 shares of the financial services provider’s stock worth $389,000 after acquiring an additional 407 shares in the last quarter. Finally, XML Financial LLC lifted its holdings in U.S. Bancorp by 2.5% in the 4th quarter. XML Financial LLC now owns 67,997 shares of the financial services provider’s stock worth $3,252,000 after purchasing an additional 1,671 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

U.S. Bancorp stock opened at $48.51 on Wednesday. The stock has a 50-day simple moving average of $50.10 and a 200 day simple moving average of $47.02. The stock has a market capitalization of $75.67 billion, a price-to-earnings ratio of 12.80, a P/E/G ratio of 1.80 and a beta of 1.05. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98.

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

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given 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 4.12%. U.S. Bancorp’s payout ratio is currently 52.77%.

Wall Street Analyst Weigh In

USB has been the topic of several analyst reports. Stephens increased their price target on U.S. Bancorp from $49.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Evercore ISI raised their price target on 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. Deutsche Bank Aktiengesellschaft cut U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price objective for the company. in a research report on Thursday, October 24th. Compass Point raised their target price on U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, DA Davidson raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $58.00 to $60.00 in a research report on Thursday, January 2nd. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.