U.S. Bancorp (NYSE:USB) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its stake in U.S. Bancorp (NYSE:USB) by 31.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,010,953 shares of the financial services provider’s stock after selling 472,552 shares during the quarter. Russell Investments Group Ltd. owned about 0.06% of U.S. Bancorp worth $45,087,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in USB. Anchor Investment Management LLC acquired a new stake in U.S. Bancorp during the fourth quarter worth $138,000. Diversified Trust Co purchased a new position in shares of U.S. Bancorp during the fourth quarter worth $438,000. Wedmont Private Capital boosted its position in shares of U.S. Bancorp by 83.0% during the fourth quarter. Wedmont Private Capital now owns 15,507 shares of the financial services provider’s stock worth $682,000 after buying an additional 7,033 shares during the period. Beese Fulmer Investment Management Inc. purchased a new position in shares of U.S. Bancorp during the fourth quarter worth $205,000. Finally, Nordea Investment Management AB boosted its position in shares of U.S. Bancorp by 6.8% during the fourth quarter. Nordea Investment Management AB now owns 107,170 shares of the financial services provider’s stock worth $4,654,000 after buying an additional 6,785 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Stock Up 5.2 %

NYSE USB traded up $2.27 during trading on Wednesday, reaching $45.56. 9,004,997 shares of the company’s stock were exchanged, compared to its average volume of 8,398,770. The stock has a market cap of $71.09 billion, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 4.11 and a beta of 1.04. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. The company has a 50 day moving average price of $40.21 and a two-hundred day moving average price of $41.42. U.S. Bancorp has a 1 year low of $30.47 and a 1 year high of $45.85.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, July 17th. The financial services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.04. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The business had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.81 billion. During the same quarter in the previous year, the firm earned $1.12 earnings per share. The business’s revenue was down 4.3% compared to the same quarter last year. On average, equities research analysts anticipate that U.S. Bancorp will post 3.83 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend was Friday, June 28th. U.S. Bancorp’s dividend payout ratio (DPR) is currently 64.90%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on USB shares. Wells Fargo & Company lowered their price target on U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. StockNews.com lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 3rd. HSBC upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and raised their price target for the stock from $47.00 to $53.00 in a research report on Thursday, March 28th. Barclays lowered their price target on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Finally, DA Davidson decreased their target price on U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, U.S. Bancorp presently has a consensus rating of “Hold” and a consensus target price of $45.84.

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.