Foundations Investment Advisors LLC Lowers Holdings in U.S. Bancorp (NYSE:USB)

Foundations Investment Advisors LLC lowered its holdings in U.S. Bancorp (NYSE:USBFree Report) by 10.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,383 shares of the financial services provider’s stock after selling 1,037 shares during the quarter. Foundations Investment Advisors LLC’s holdings in U.S. Bancorp were worth $384,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of USB. Vanguard Group Inc. boosted its stake in U.S. Bancorp by 5.0% during the third quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock worth $4,513,127,000 after buying an additional 6,479,642 shares during the period. Mufg Bank LTD. boosted its stake in U.S. Bancorp by 54.1% during the third quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock worth $2,260,450,000 after buying an additional 24,000,000 shares during the period. FMR LLC boosted its stake in U.S. Bancorp by 1.8% during the third quarter. FMR LLC now owns 37,470,199 shares of the financial services provider’s stock worth $1,238,765,000 after buying an additional 674,583 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in U.S. Bancorp by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 33,719,110 shares of the financial services provider’s stock worth $1,459,363,000 after buying an additional 2,598,163 shares during the period. Finally, Aristotle Capital Management LLC boosted its stake in U.S. Bancorp by 266.6% during the third quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider’s stock worth $775,842,000 after buying an additional 17,066,479 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $47.00 target price on shares of U.S. Bancorp in a research note on Thursday. Morgan Stanley lifted their price objective on shares of U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. Compass Point upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $46.00 to $49.00 in a report on Friday, March 22nd. Piper Sandler restated a “neutral” rating on shares of U.S. Bancorp in a report on Friday, January 26th. Finally, Oppenheimer dropped their price objective on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a report on Thursday, April 18th. Fifteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.02.

Read Our Latest Stock Report on USB

U.S. Bancorp Stock Down 0.5 %

Shares of NYSE:USB opened at $41.43 on Friday. The company has a market capitalization of $64.65 billion, a PE ratio of 13.72, a P/E/G ratio of 2.16 and a beta of 1.05. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. U.S. Bancorp has a twelve month low of $29.33 and a twelve month high of $45.85. The firm has a 50 day simple moving average of $42.22 and a 200-day simple moving average of $41.15.

U.S. Bancorp (NYSE:USBGet Free Report) last issued its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. The business had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The company’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.16 EPS. On average, equities analysts predict that U.S. Bancorp will post 3.84 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $0.49 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 4.73%. U.S. Bancorp’s dividend payout ratio is presently 64.90%.

About U.S. Bancorp

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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