King Luther Capital Management Corp Cuts Stock Holdings in U.S. Bancorp (NYSE:USB)

King Luther Capital Management Corp cut its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 17.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 724,875 shares of the financial services provider's stock after selling 148,023 shares during the quarter. King Luther Capital Management Corp's holdings in U.S. Bancorp were worth $31,373,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of USB. CGC Financial Services LLC acquired a new position in shares of U.S. Bancorp in the 4th quarter valued at about $25,000. BKM Wealth Management LLC acquired a new position in U.S. Bancorp in the fourth quarter worth approximately $26,000. Planned Solutions Inc. acquired a new position in U.S. Bancorp in the fourth quarter worth approximately $27,000. Naples Money Management LLC acquired a new position in U.S. Bancorp in the fourth quarter worth approximately $30,000. Finally, First Command Advisory Services Inc. acquired a new position in U.S. Bancorp in the third quarter worth approximately $35,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Barclays lowered their price target on U.S. Bancorp from $56.00 to $52.00 and set an "overweight" rating on the stock in a report on Thursday, April 18th. Oppenheimer lowered their price target on U.S. Bancorp from $55.00 to $54.00 and set an "outperform" rating on the stock in a report on Thursday, April 18th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $45.00 price target (down previously from $52.00) on shares of U.S. Bancorp in a report on Thursday, April 18th. Wells Fargo & Company lowered their price target on U.S. Bancorp from $50.00 to $48.00 and set an "overweight" rating on the stock in a report on Thursday, April 18th. Finally, StockNews.com upgraded U.S. Bancorp from a "sell" rating to a "hold" rating in a report on Tuesday, May 14th. Fifteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, U.S. Bancorp presently has a consensus rating of "Hold" and a consensus target price of $46.02.

U.S. Bancorp Price Performance

Shares of NYSE USB traded down $0.41 during midday trading on Wednesday, reaching $40.77. 5,606,389 shares of the company traded hands, compared to its average volume of 8,418,840. The firm has a market cap of $63.62 billion, a PE ratio of 13.57, a PEG ratio of 2.13 and a beta of 1.05. The stock's 50-day simple moving average is $42.13 and its 200-day simple moving average is $41.30. U.S. Bancorp has a 12 month low of $29.33 and a 12 month high of $45.85. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.01. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The company had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period last year, the company posted $1.16 earnings per share. The firm's quarterly revenue was down 6.4% compared to the same quarter last year. As a group, equities analysts anticipate that U.S. Bancorp will post 3.84 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.81%. U.S. Bancorp's dividend payout ratio (DPR) is presently 64.90%.

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.