Mutual of America Capital Management LLC Sells 1,667 Shares of U.S. Bancorp (NYSE:USB)

Mutual of America Capital Management LLC cut its stake in U.S. Bancorp (NYSE:USB) by 0.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,539 shares of the financial services provider’s stock after selling 1,667 shares during the period. Mutual of America Capital Management LLC’s holdings in U.S. Bancorp were worth $10,439,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of U.S. Bancorp by 5.0% during the 3rd 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 in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of U.S. Bancorp by 8.3% during the 4th 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 in the last quarter. Norges Bank acquired a new position in U.S. Bancorp in the 4th quarter worth about $827,370,000. Morgan Stanley increased its holdings in U.S. Bancorp by 4.3% in the 3rd quarter. Morgan Stanley now owns 18,129,558 shares of the financial services provider’s stock worth $599,363,000 after purchasing an additional 751,865 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in U.S. Bancorp by 3.0% in the 1st quarter. Van ECK Associates Corp now owns 9,207,376 shares of the financial services provider’s stock worth $411,570,000 after purchasing an additional 265,734 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Trading Up 0.9 %

Shares of NYSE USB traded up $0.35 during midday trading on Tuesday, reaching $39.81. The company had a trading volume of 2,207,134 shares, compared to its average volume of 8,284,353. U.S. Bancorp has a one year low of $30.47 and a one year high of $45.85. 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 firm’s fifty day moving average price is $40.15 and its 200-day moving average price is $41.50. The stock has a market cap of $62.12 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 3.76 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS 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%. U.S. Bancorp’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.16 EPS. On average, equities research analysts anticipate that U.S. Bancorp will post 3.83 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders 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 yield of 4.92%. The ex-dividend date of this dividend is Friday, June 28th. U.S. Bancorp’s payout ratio is 64.90%.

Analyst Ratings Changes

USB has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 price target on the stock. in a research report on Thursday, June 27th. Compass Point upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their price target for the company from $46.00 to $49.00 in a research report on Friday, March 22nd. HSBC upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and upped their price target for the company from $47.00 to $53.00 in a research report on Thursday, March 28th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $45.00 price target (down previously from $52.00) on shares of U.S. Bancorp in a report on Thursday, April 18th. Finally, Oppenheimer cut their price target on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.