Cassady Schiller Wealth Management LLC Sells 30,835 Shares of U.S. Bancorp (NYSE:USB)

Cassady Schiller Wealth Management LLC lowered its stake in U.S. Bancorp (NYSE:USB - Free Report) by 25.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,991 shares of the financial services provider's stock after selling 30,835 shares during the quarter. U.S. Bancorp comprises 2.0% of Cassady Schiller Wealth Management LLC's portfolio, making the stock its 10th biggest holding. Cassady Schiller Wealth Management LLC's holdings in U.S. Bancorp were worth $3,981,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Vestor Capital LLC boosted its stake in shares of U.S. Bancorp by 1.5% in the fourth quarter. Vestor Capital LLC now owns 17,179 shares of the financial services provider's stock worth $744,000 after acquiring an additional 253 shares during the period. Mosaic Family Wealth Partners LLC grew its holdings in U.S. Bancorp by 1.4% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider's stock valued at $832,000 after buying an additional 265 shares in the last quarter. Wealth Alliance raised its position in shares of U.S. Bancorp by 0.5% during the fourth quarter. Wealth Alliance now owns 49,229 shares of the financial services provider's stock valued at $2,131,000 after buying an additional 266 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of U.S. Bancorp by 8.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,757 shares of the financial services provider's stock worth $163,000 after buying an additional 285 shares in the last quarter. Finally, Mechanics Financial Corp boosted its position in shares of U.S. Bancorp by 4.9% during the fourth quarter. Mechanics Financial Corp now owns 6,386 shares of the financial services provider's stock worth $276,000 after acquiring an additional 300 shares during the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on USB shares. Barclays lowered their price objective on shares of U.S. Bancorp from $56.00 to $52.00 and set an "overweight" rating for the company in a research report on Thursday, April 18th. Wells Fargo & Company decreased their price objective on 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. StockNews.com upgraded U.S. Bancorp from a "sell" rating to a "hold" rating in a report on Tuesday, May 14th. HSBC upgraded U.S. Bancorp from a "hold" rating to a "buy" rating and increased their price target for the company from $47.00 to $53.00 in a report on Thursday, March 28th. Finally, Piper Sandler reiterated a "neutral" rating on shares of U.S. Bancorp in a research report on Friday, January 26th. Fifteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $46.02.

U.S. Bancorp Stock Down 1.8 %

Shares of NYSE:USB traded down $0.75 during trading hours on Thursday, hitting $40.02. The company's stock had a trading volume of 7,397,561 shares, compared to its average volume of 8,409,191. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. The firm's fifty day moving average price is $42.07 and its 200 day moving average price is $41.30. U.S. Bancorp has a 52 week low of $29.33 and a 52 week high of $45.85. The company has a market capitalization of $62.45 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of 3.97 and a beta of 1.05.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the previous year, the firm posted $1.16 earnings per share. U.S. Bancorp's revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, research analysts expect that U.S. Bancorp will post 3.84 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $0.49 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.90%. U.S. Bancorp's dividend payout ratio (DPR) is presently 64.90%.

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.