U.S. Bancorp (NYSE:USB) Shares Bought by Larson Financial Group LLC

Larson Financial Group LLC lifted its position in shares of U.S. Bancorp (NYSE:USB) by 736.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 18,834 shares of the financial services provider’s stock after acquiring an additional 16,582 shares during the period. Larson Financial Group LLC’s holdings in U.S. Bancorp were worth $842,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. CGC Financial Services LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $25,000. BKM Wealth Management LLC bought a new stake in U.S. Bancorp during the 4th quarter valued at $26,000. Planned Solutions Inc. bought a new stake in U.S. Bancorp during the 4th quarter valued at $27,000. Financial Synergies Wealth Advisors Inc. bought a new stake in U.S. Bancorp during the 1st quarter valued at $30,000. Finally, Naples Money Management LLC acquired a new position in U.S. Bancorp during the 4th quarter worth $30,000. Institutional investors own 77.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on USB shares. JPMorgan Chase & Co. cut shares of U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 price objective on the stock. in a research note on Thursday, June 27th. UBS Group dropped their price target on shares of U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $47.00 price objective on shares of U.S. Bancorp in a report on Thursday, May 16th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $45.00 price objective (down previously from $52.00) on shares of U.S. Bancorp in a research note on Thursday, April 18th. Finally, StockNews.com lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $45.84.

U.S. Bancorp Stock Up 2.3 %

Shares of USB traded up $0.93 during mid-day trading on Wednesday, reaching $40.80. The company’s stock had a trading volume of 8,613,105 shares, compared to its average volume of 8,331,105. The company has a market cap of $63.67 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 3.81 and a beta of 1.04. The business has a fifty day moving average of $40.13 and a 200 day moving average of $41.48. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07. 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 announced its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping 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 business’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.16 EPS. As a group, analysts forecast that U.S. Bancorp will post 3.83 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given 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 4.80%. U.S. Bancorp’s payout ratio is 64.90%.

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.