S.E.E.D. Planning Group LLC Has $8.36 Million Holdings in U.S. Bancorp (NYSE:USB)

S.E.E.D. Planning Group LLC raised its position in shares of U.S. Bancorp (NYSE:USB) by 9.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,025 shares of the financial services provider’s stock after purchasing an additional 15,960 shares during the period. U.S. Bancorp accounts for about 3.1% of S.E.E.D. Planning Group LLC’s investment portfolio, making the stock its 13th largest position. S.E.E.D. Planning Group LLC’s holdings in U.S. Bancorp were worth $8,360,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. CGC Financial Services LLC bought a new stake in shares of U.S. Bancorp during the 4th quarter worth about $25,000. BKM Wealth Management LLC acquired a new stake in U.S. Bancorp in the 4th quarter worth approximately $26,000. Planned Solutions Inc. bought a new stake in U.S. Bancorp during the fourth quarter worth approximately $27,000. Naples Money Management LLC acquired a new position in U.S. Bancorp during the fourth quarter valued at approximately $30,000. Finally, Financial Synergies Wealth Advisors Inc. bought a new position in shares of U.S. Bancorp in the first quarter valued at approximately $30,000. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

U.S. Bancorp stock traded up $0.50 during mid-day trading on Friday, hitting $39.70. 12,212,239 shares of the company were exchanged, compared to its average volume of 8,161,955. U.S. Bancorp has a 1-year low of $30.47 and a 1-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 business has a fifty day moving average of $40.35 and a 200 day moving average of $41.69. The company has a market capitalization of $61.95 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 3.82 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) 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 net margin of 12.13% and a return on equity of 13.93%. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period last year, the firm posted $1.16 EPS. As a group, sell-side analysts expect that U.S. Bancorp will post 3.84 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. Investors of record on Friday, June 28th will be issued a dividend of $0.49 per share. The ex-dividend date is Friday, June 28th. This represents a $1.96 dividend on an annualized basis and a yield of 4.94%. U.S. Bancorp’s dividend payout ratio is 64.90%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. UBS Group lowered their target price on shares of U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Barclays dropped their price objective on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Compass Point upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their target price for the company from $46.00 to $49.00 in a research note on Friday, March 22nd. Oppenheimer dropped their price target on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a research report on Thursday, April 18th. Finally, Evercore ISI increased their price objective on U.S. Bancorp from $45.00 to $48.00 and gave the company an “in-line” rating in a research report on Tuesday. Sixteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.