Tweedy Browne Co LLC Sells 3,687 Shares of U.S. Bancorp (NYSE:USB)

Tweedy Browne Co LLC trimmed its holdings in U.S. Bancorp (NYSE:USB) by 1.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 268,656 shares of the financial services provider’s stock after selling 3,687 shares during the quarter. U.S. Bancorp comprises about 0.6% of Tweedy Browne Co LLC’s investment portfolio, making the stock its 24th biggest holding. Tweedy Browne Co LLC’s holdings in U.S. Bancorp were worth $12,009,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of USB. Focus Financial Network Inc. ADV purchased a new stake in U.S. Bancorp during the 4th quarter valued at about $5,440,000. Spinnaker Trust purchased a new stake in U.S. Bancorp during the 4th quarter valued at about $220,000. Morningstar Investment Management LLC grew its position in U.S. Bancorp by 760.8% during the 4th quarter. Morningstar Investment Management LLC now owns 83,833 shares of the financial services provider’s stock valued at $3,628,000 after purchasing an additional 74,094 shares during the last quarter. Tealwood Asset Management Inc. boosted its holdings in shares of U.S. Bancorp by 33.4% during the 4th quarter. Tealwood Asset Management Inc. now owns 62,539 shares of the financial services provider’s stock valued at $2,707,000 after acquiring an additional 15,665 shares during the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of U.S. Bancorp during the 4th quarter valued at about $4,073,000. 77.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

USB has been the topic of a number of recent analyst reports. HSBC raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and raised their price target for the company from $47.00 to $53.00 in a report on Thursday, March 28th. Wells Fargo & Company dropped their price objective on shares of U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Morgan Stanley reissued an “equal weight” rating and issued a $45.00 price objective on shares of U.S. Bancorp in a report on Friday, June 21st. StockNews.com downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, July 3rd. Finally, Evercore ISI raised their price objective on shares of U.S. Bancorp from $45.00 to $48.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, U.S. Bancorp currently has an average rating of “Hold” and an average target price of $45.84.

U.S. Bancorp Stock Up 1.1 %

Shares of USB stock traded up $0.45 on Friday, hitting $42.38. The stock had a trading volume of 4,238,141 shares, compared to its average volume of 8,314,573. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07. The business has a 50 day moving average price of $40.15 and a 200 day moving average price of $41.48. The company has a market cap of $66.13 billion, a PE ratio of 14.00, a P/E/G ratio of 3.96 and a beta of 1.04. U.S. Bancorp has a one year low of $30.47 and a one year high of $45.85.

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 the consensus estimate of $0.89 by $0.01. The firm had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 earnings per share. Research analysts anticipate that U.S. Bancorp will post 3.83 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.96 dividend on an annualized basis and a yield of 4.62%. U.S. Bancorp’s dividend payout ratio is presently 64.90%.

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.