U.S. Bancorp (NYSE:USB) Stock Position Decreased by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich cut its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 687,721 shares of the financial services provider's stock after selling 23,890 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in U.S. Bancorp were worth $29,765,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. CreativeOne Wealth LLC lifted its holdings in shares of U.S. Bancorp by 19.4% in the third quarter. CreativeOne Wealth LLC now owns 10,631 shares of the financial services provider's stock valued at $351,000 after purchasing an additional 1,730 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of U.S. Bancorp by 7,110.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 3,461 shares of the financial services provider's stock valued at $114,000 after buying an additional 3,413 shares during the period. Hennessy Advisors Inc. purchased a new stake in shares of U.S. Bancorp during the third quarter worth $496,000. SS&H Financial Advisors Inc. purchased a new stake in shares of U.S. Bancorp during the third quarter worth $379,000. Finally, Oak Thistle LLC purchased a new position in U.S. Bancorp in the third quarter valued at about $366,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Price Performance

Shares of USB stock traded up $0.13 during mid-day trading on Friday, reaching $41.12. The company's stock had a trading volume of 4,260,038 shares, compared to its average volume of 8,706,958. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. The firm's 50-day moving average is $42.35 and its two-hundred day moving average is $40.04. U.S. Bancorp has a 1-year low of $27.27 and a 1-year high of $45.85. The company has a market cap of $64.07 billion, a P/E ratio of 13.68, a PEG ratio of 2.16 and a beta of 1.05.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The firm had revenue of $6.72 billion during the quarter, compared to analysts' expectations of $6.71 billion. During the same quarter last year, the company earned $1.16 earnings per share. The company's revenue for the quarter was down 6.4% compared to the same quarter last year. On average, research analysts predict that U.S. Bancorp will post 3.86 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.49 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.77%. U.S. Bancorp's dividend payout ratio is currently 64.90%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on USB. Barclays reduced their target price on shares of U.S. Bancorp from $56.00 to $52.00 and set an "overweight" rating for the company in a research note on Thursday, April 18th. Wells Fargo & Company lowered their target price on shares of U.S. Bancorp from $50.00 to $48.00 and set an "overweight" rating on the stock in a research report on Thursday, April 18th. Compass Point raised U.S. Bancorp from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $46.00 to $49.00 in a research report on Friday, March 22nd. Royal Bank of Canada raised their price objective on U.S. Bancorp from $43.00 to $47.00 and gave the company an "outperform" rating in a research note on Thursday, January 18th. Finally, Jefferies Financial Group upped their target price on U.S. Bancorp from $44.00 to $46.00 and gave the stock a "hold" rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, U.S. Bancorp currently has a consensus rating of "Hold" and an average target price of $46.14.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the business's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the transaction, the executive vice president now directly owns 164,880 shares in the company, valued at $6,837,573.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP James L. Chosy sold 21,582 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the sale, the executive vice president now owns 164,880 shares in the company, valued at $6,837,573.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Terrance R. Dolan sold 26,583 shares of the firm's stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total value of $1,152,904.71. Following the completion of the sale, the insider now owns 144,236 shares of the company's stock, valued at $6,255,515.32. The disclosure for this sale can be found here. Company insiders own 0.23% of the company's stock.

U.S. Bancorp Company 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.

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