U.S. Bancorp (NYSE:USB) Shares Sold by Diversify Advisory Services LLC

Diversify Advisory Services LLC trimmed its position in U.S. Bancorp (NYSE:USB - Free Report) by 70.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,070 shares of the financial services provider's stock after selling 11,971 shares during the period. Diversify Advisory Services LLC's holdings in U.S. Bancorp were worth $205,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of USB. Brighton Jones LLC boosted its position in U.S. Bancorp by 323.0% during the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider's stock worth $2,309,000 after acquiring an additional 36,863 shares during the period. Millstone Evans Group LLC bought a new stake in shares of U.S. Bancorp in the fourth quarter worth about $31,000. Virtu Financial LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $288,000. Blueprint Investment Partners LLC bought a new position in shares of U.S. Bancorp in the 4th quarter valued at $329,000. Finally, LPL Financial LLC lifted its stake in shares of U.S. Bancorp by 11.6% in the 4th quarter. LPL Financial LLC now owns 2,431,993 shares of the financial services provider's stock valued at $116,322,000 after purchasing an additional 252,268 shares during the period. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on USB. The Goldman Sachs Group increased their price objective on shares of U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 10th. Wells Fargo & Company decreased their target price on U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Royal Bank Of Canada lowered their target price on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Cowen assumed coverage on U.S. Bancorp in a research report on Wednesday, May 14th. They set a "buy" rating for the company. Finally, Keefe, Bruyette & Woods dropped their target price on U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating on the stock in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $52.50.

U.S. Bancorp Stock Performance

U.S. Bancorp stock opened at $45.78 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $71.32 billion, a price-to-earnings ratio of 10.78, a P/E/G ratio of 1.75 and a beta of 0.99. The stock has a 50-day simple moving average of $44.82 and a 200 day simple moving average of $44.25. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.04. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%. The firm had revenue of $7.06 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. The business's quarterly revenue was up 2.0% compared to the same quarter last year. On average, research analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend was Monday, June 30th. U.S. Bancorp's payout ratio is 47.85%.

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.

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