U.S. Bancorp (NYSE:USB) Shares Sold by Trust Co. of Virginia VA

Trust Co. of Virginia VA reduced its position in U.S. Bancorp (NYSE:USB) by 0.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,867 shares of the financial services provider’s stock after selling 717 shares during the period. Trust Co. of Virginia VA’s holdings in U.S. Bancorp were worth $10,141,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of U.S. Bancorp by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock valued at $4,513,127,000 after purchasing 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 valued at $1,459,363,000 after buying an additional 2,598,163 shares during the period. Aristotle Capital Management LLC raised its holdings in shares of U.S. Bancorp by 266.6% during the 3rd quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider’s stock valued at $775,842,000 after buying an additional 17,066,479 shares during the period. Norges Bank purchased a new stake in shares of U.S. Bancorp during the 4th quarter valued at about $827,370,000. Finally, Morgan Stanley raised its holdings in shares of U.S. Bancorp by 4.3% during the 3rd quarter. Morgan Stanley now owns 18,129,558 shares of the financial services provider’s stock valued at $599,363,000 after buying an additional 751,865 shares during the period. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Stock Performance

NYSE:USB traded up $0.50 during midday trading on Friday, reaching $39.70. 12,212,239 shares of the company traded hands, compared to its average volume of 8,161,955. U.S. Bancorp has a twelve month low of $30.47 and a twelve month high of $45.85. The firm has a market capitalization of $61.95 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 3.82 and a beta of 1.04. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. The company has a fifty day moving average price of $40.35 and a 200 day moving average price of $41.69.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The business had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the previous year, the firm posted $1.16 EPS. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, analysts expect that U.S. Bancorp will post 3.84 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given 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 currently 64.90%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. DA Davidson dropped their target price on U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. Royal Bank of Canada reiterated an “outperform” rating and set a $47.00 target price on shares of U.S. Bancorp in a report on Thursday, May 16th. HSBC upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and raised their target price for the company from $47.00 to $53.00 in a report on Thursday, March 28th. UBS Group dropped their price objective on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $45.00 price objective (down from $52.00) on shares of U.S. Bancorp in a report on Thursday, April 18th. Sixteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $46.02.

About U.S. Bancorp

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.