Universal Beteiligungs und Servicegesellschaft mbH Cuts Position in U.S. Bancorp (NYSE:USB)

Universal Beteiligungs und Servicegesellschaft mbH cut its position in U.S. Bancorp (NYSE:USB - Free Report) by 6.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,251,526 shares of the financial services provider's stock after selling 91,914 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of U.S. Bancorp worth $52,839,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of USB. Westend Capital Management LLC purchased a new position in shares of U.S. Bancorp during the first quarter worth $27,000. REAP Financial Group LLC raised its stake in shares of U.S. Bancorp by 86.1% during the 4th quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock valued at $31,000 after buying an additional 297 shares during the last quarter. Millstone Evans Group LLC acquired a new position in shares of U.S. Bancorp in the 4th quarter valued at about $31,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of U.S. Bancorp in the fourth quarter worth about $32,000. Finally, YANKCOM Partnership grew its holdings in U.S. Bancorp by 59.4% during the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock worth $29,000 after acquiring an additional 260 shares during the period. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Souheil Badran sold 23,727 shares of the company's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $46.34, for a total value of $1,099,509.18. Following the transaction, the executive vice president owned 70,346 shares of the company's stock, valued at $3,259,833.64. This represents a 25.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Trading Up 0.5%

Shares of NYSE USB traded up $0.25 during trading on Friday, hitting $46.31. 4,987,953 shares of the company were exchanged, compared to its average volume of 10,927,366. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The company has a fifty day moving average price of $44.96 and a 200-day moving average price of $44.24. The firm has a market capitalization of $72.14 billion, a PE ratio of 11.08, a P/E/G ratio of 1.46 and a beta of 0.99.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.04. The business had revenue of $7.06 billion during the quarter, compared to analysts' expectations of $7.07 billion. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The business's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 EPS. As a group, equities research analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.00 annualized dividend and a yield of 4.32%. U.S. Bancorp's dividend payout ratio (DPR) is 47.85%.

Analysts Set New Price Targets

Several equities research analysts have commented on USB shares. Oppenheimer upped their price objective on U.S. Bancorp from $65.00 to $66.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. TD Cowen began coverage on shares of U.S. Bancorp in a research note on Thursday, May 15th. They set a "buy" rating and a $60.00 target price on the stock. Wells Fargo & Company cut their price target on U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Evercore ISI increased their price target on U.S. Bancorp from $44.00 to $49.00 and gave the stock an "in-line" rating in a research report on Wednesday, June 4th. Finally, Piper Sandler cut their price objective on U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $52.50.

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.