Crossmark Global Holdings Inc. Decreases Position in U.S. Bancorp (NYSE:USB)

Crossmark Global Holdings Inc. reduced its stake in shares of U.S. Bancorp (NYSE:USB) by 16.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 100,900 shares of the financial services provider’s stock after selling 20,525 shares during the period. Crossmark Global Holdings Inc.’s holdings in U.S. Bancorp were worth $4,826,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of USB. Mitchell & Pahl Private Wealth LLC raised its stake in shares of U.S. Bancorp by 3.8% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 45,630 shares of the financial services provider’s stock valued at $2,182,000 after purchasing an additional 1,673 shares during the period. Ballentine Partners LLC grew its holdings in U.S. Bancorp by 8.3% during the 4th quarter. Ballentine Partners LLC now owns 21,642 shares of the financial services provider’s stock valued at $1,035,000 after purchasing an additional 1,666 shares in the last quarter. Culbertson A N & Co. Inc. grew its holdings in U.S. Bancorp by 1.9% during the 4th quarter. Culbertson A N & Co. Inc. now owns 99,505 shares of the financial services provider’s stock valued at $4,759,000 after purchasing an additional 1,850 shares in the last quarter. Pure Financial Advisors LLC increased its stake in U.S. Bancorp by 8.0% during the 4th quarter. Pure Financial Advisors LLC now owns 6,988 shares of the financial services provider’s stock worth $334,000 after buying an additional 519 shares during the period. Finally, Priebe Wealth Holdings LLC lifted its holdings in U.S. Bancorp by 4.4% in the 4th quarter. Priebe Wealth Holdings LLC now owns 5,078 shares of the financial services provider’s stock worth $243,000 after buying an additional 215 shares in the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Price Performance

Shares of USB opened at $48.67 on Thursday. U.S. Bancorp has a 12 month low of $37.81 and a 12 month 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 stock has a fifty day moving average price of $50.10 and a 200 day moving average price of $47.02. The company has a market cap of $75.93 billion, a P/E ratio of 12.84, a PEG ratio of 1.80 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate 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 business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. During the same quarter in the prior year, the firm earned $0.99 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, research analysts forecast that U.S. Bancorp will post 4.37 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.50 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.11%. U.S. Bancorp’s payout ratio is currently 52.77%.

Analyst Ratings Changes

USB has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 target price on the stock. in a research report on Thursday, October 24th. Evercore ISI upped their target price 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. Citigroup raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their price target for the stock from $49.00 to $65.00 in a research report on Monday, November 25th. Robert W. Baird set a $54.00 price target on shares of U.S. Bancorp in a report on Thursday, October 17th. Finally, Barclays raised their price objective on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $54.21.

About U.S. Bancorp

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.