Daymark Wealth Partners LLC Cuts Stock Position in U.S. Bancorp (NYSE:USB)

Daymark Wealth Partners LLC cut its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 4.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 523,116 shares of the financial services provider's stock after selling 22,153 shares during the quarter. Daymark Wealth Partners LLC's holdings in U.S. Bancorp were worth $22,086,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of U.S. Bancorp by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider's stock worth $6,640,569,000 after buying an additional 1,079,056 shares in the last quarter. FMR LLC lifted its holdings in shares of U.S. Bancorp by 5.0% in the 4th quarter. FMR LLC now owns 67,125,746 shares of the financial services provider's stock valued at $3,210,624,000 after acquiring an additional 3,211,815 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in U.S. Bancorp by 5.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 49,789,725 shares of the financial services provider's stock worth $2,381,443,000 after acquiring an additional 2,460,845 shares in the last quarter. Geode Capital Management LLC increased its stake in U.S. Bancorp by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 33,937,360 shares of the financial services provider's stock worth $1,618,948,000 after acquiring an additional 850,763 shares during the last quarter. Finally, Amundi increased its stake in U.S. Bancorp by 7.4% during the fourth quarter. Amundi now owns 19,485,615 shares of the financial services provider's stock worth $945,268,000 after acquiring an additional 1,341,407 shares during the last quarter. Institutional investors own 77.60% of the company's stock.

U.S. Bancorp Stock Down 0.1%

Shares of USB stock traded down $0.03 during mid-day trading on Thursday, hitting $44.17. The stock had a trading volume of 9,552,592 shares, compared to its average volume of 9,045,132. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The firm's 50-day moving average is $41.46 and its two-hundred day moving average is $45.26. The firm has a market capitalization of $68.82 billion, a P/E ratio of 11.65, a price-to-earnings-growth ratio of 1.73 and a beta of 0.99.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.06. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The company had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same period in the prior year, the firm earned $0.78 earnings per share. On average, analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on USB. Evercore ISI lifted their target price on U.S. Bancorp from $44.00 to $49.00 and gave the stock an "in-line" rating in a report on Wednesday, June 4th. Oppenheimer lifted their price objective on shares of U.S. Bancorp from $57.00 to $59.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Citigroup cut their price objective on shares of U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Cowen assumed coverage on shares of U.S. Bancorp in a research note on Wednesday, May 14th. They issued a "buy" rating on the stock. Finally, Raymond James reaffirmed an "outperform" rating and set a $51.00 price target (down from $57.00) on shares of U.S. Bancorp in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $50.72.

Insider Activity

In other U.S. Bancorp news, Director Aleem Gillani acquired 5,000 shares of the business's stock in a transaction that occurred on Monday, April 21st. The shares were bought at an average cost of $37.32 per share, with a total value of $186,600.00. Following the completion of the acquisition, the director now directly owns 15,000 shares in the company, valued at $559,800. This represents a 50.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.23% of the company's stock.

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.