Trilogy Capital Inc. Reduces Position in U.S. Bancorp (NYSE:USB)

Trilogy Capital Inc. decreased its position in U.S. Bancorp (NYSE:USB) by 89.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,598 shares of the financial services provider’s stock after selling 67,701 shares during the period. Trilogy Capital Inc.’s holdings in U.S. Bancorp were worth $340,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of USB. Norges Bank purchased a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $827,370,000. Vanguard Group Inc. lifted its holdings in U.S. Bancorp by 5.0% during the third quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock worth $4,513,127,000 after buying an additional 6,479,642 shares during the period. Boston Partners purchased a new stake in U.S. Bancorp during the fourth quarter worth $154,517,000. Charles Schwab Investment Management Inc. lifted its holdings in U.S. Bancorp by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 33,719,110 shares of the financial services provider’s stock worth $1,459,363,000 after buying an additional 2,598,163 shares during the period. Finally, Confluence Investment Management LLC purchased a new stake in U.S. Bancorp during the first quarter worth $92,192,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of NYSE USB traded up $0.50 during trading on Friday, reaching $39.70. 12,212,239 shares of the company traded hands, compared to its average volume of 8,161,955. The firm’s fifty day simple moving average is $40.35 and its 200 day simple moving average is $41.70. The stock has a market cap of $61.95 billion, a P/E ratio of 13.15, a PEG ratio of 3.82 and a beta of 1.04. U.S. Bancorp has a 12-month low of $30.47 and a 12-month high of $45.85. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The business had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The company’s revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the business posted $1.16 EPS. As a group, research analysts anticipate that U.S. Bancorp will post 3.84 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date of this dividend is Friday, June 28th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

Wall Street Analyst Weigh In

USB has been the subject of a number of analyst reports. UBS Group lowered their target price on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $47.00 price target on shares of U.S. Bancorp in a research report on Thursday, May 16th. DA Davidson reduced their price target on U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $45.00 price target (down from $52.00) on shares of U.S. Bancorp in a research report on Thursday, April 18th. Finally, StockNews.com raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 14th. Sixteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $46.02.

U.S. Bancorp Company 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.