Ullmann Wealth Partners Group LLC Has $584,000 Position in U.S. Bancorp (NYSE:USB)

Ullmann Wealth Partners Group LLC cut its position in U.S. Bancorp (NYSE:USB) by 7.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,213 shares of the financial services provider’s stock after selling 1,000 shares during the quarter. Ullmann Wealth Partners Group LLC’s holdings in U.S. Bancorp were worth $584,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Winch Advisory Services LLC grew its stake in shares of U.S. Bancorp by 1,088.9% in the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 490 shares in the last quarter. Global Wealth Strategies & Associates grew its position in shares of U.S. Bancorp by 70.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 250 shares in the last quarter. Frazier Financial Advisors LLC increased its holdings in shares of U.S. Bancorp by 222.7% during the third quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 441 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $38,000. Finally, First Financial Corp IN bought a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $41,000. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Down 5.6 %

Shares of NYSE:USB opened at $48.07 on Friday. The firm has a market cap of $74.98 billion, a P/E ratio of 14.70, a P/E/G ratio of 2.47 and a beta of 1.05. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98. The business has a fifty day simple moving average of $50.25 and a 200 day simple moving average of $46.71. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.04.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. During the same period last year, the company earned $0.99 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. Analysts predict that U.S. Bancorp will post 3.91 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.16%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 61.16%.

Analyst Upgrades and Downgrades

USB has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 target price for the company. in a research report on Thursday, October 24th. Raymond James raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 target price on the stock in a report on Thursday, December 19th. Morgan Stanley raised shares of U.S. Bancorp from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $54.00 to $57.00 in a report on Monday, September 30th. Oppenheimer cut their target price on U.S. Bancorp from $66.00 to $62.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Finally, Royal Bank of Canada set a $53.00 price target on U.S. Bancorp in a research note on Thursday, October 17th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $54.07.

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.