U.S. Bancorp (NYSE:USB) Holdings Reduced by Weaver Capital Management LLC

Weaver Capital Management LLC cut its stake in U.S. Bancorp (NYSE:USB) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,219 shares of the financial services provider’s stock after selling 2,607 shares during the period. Weaver Capital Management LLC’s holdings in U.S. Bancorp were worth $1,541,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. AMF Tjanstepension AB increased its stake in shares of U.S. Bancorp by 16.9% during the 3rd quarter. AMF Tjanstepension AB now owns 532,105 shares of the financial services provider’s stock worth $24,401,000 after purchasing an additional 76,914 shares during the last quarter. Czech National Bank grew its stake in U.S. Bancorp by 6.9% in the 3rd quarter. Czech National Bank now owns 317,882 shares of the financial services provider’s stock valued at $14,537,000 after buying an additional 20,522 shares during the last quarter. GAMMA Investing LLC grew its stake in U.S. Bancorp by 22.3% in the 3rd quarter. GAMMA Investing LLC now owns 32,206 shares of the financial services provider’s stock valued at $1,473,000 after buying an additional 5,883 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings in U.S. Bancorp by 11.8% in the 3rd quarter. Miracle Mile Advisors LLC now owns 7,898 shares of the financial services provider’s stock valued at $361,000 after purchasing an additional 834 shares during the period. Finally, Kure Advisory LLC bought a new stake in U.S. Bancorp in the 3rd quarter valued at $222,000. 77.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

USB has been the subject of a number of analyst reports. 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. Robert W. Baird set a $54.00 price objective on shares of U.S. Bancorp in a research report on Thursday, October 17th. Evercore ISI lifted their price target 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. Royal Bank of Canada set a $53.00 price objective on shares of U.S. Bancorp in a report on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price target on the stock. in a research note on Thursday, October 24th. Ten equities 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, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.21.

U.S. Bancorp Trading Up 1.3 %

NYSE USB opened at $47.48 on Wednesday. The stock has a market capitalization of $74.07 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 1.77 and a beta of 1.04. U.S. Bancorp has a one year low of $37.81 and a one 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’s fifty day moving average is $49.58 and its 200-day moving average is $47.40.

U.S. Bancorp (NYSE:USB) last released its earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $7.01 billion for 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 business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.99 EPS. Equities research analysts predict that U.S. Bancorp will post 4.37 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio is currently 52.77%.

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.