Neuberger Berman Group LLC Sells 829 Shares of U.S. Bancorp (NYSE:USB)

Neuberger Berman Group LLC cut its holdings in shares of U.S. Bancorp (NYSE:USB) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,330 shares of the financial services provider’s stock after selling 829 shares during the period. Neuberger Berman Group LLC’s holdings in U.S. Bancorp were worth $3,217,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CGC Financial Services LLC acquired a new stake in U.S. Bancorp during the 4th quarter worth about $25,000. BKM Wealth Management LLC purchased a new position in U.S. Bancorp in the 4th quarter valued at approximately $26,000. Planned Solutions Inc. bought a new position in U.S. Bancorp in the 4th quarter valued at $27,000. Naples Money Management LLC bought a new stake in shares of U.S. Bancorp during the 4th quarter worth $30,000. Finally, First Command Advisory Services Inc. bought a new stake in shares of U.S. Bancorp during the 3rd quarter worth $35,000. 77.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

USB has been the topic of a number of analyst reports. HSBC upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their price objective for the company from $47.00 to $53.00 in a research report on Thursday, March 28th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $45.00 price objective (down previously from $52.00) on shares of U.S. Bancorp in a research report on Thursday, April 18th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $47.00 target price on shares of U.S. Bancorp in a report on Thursday, May 16th. UBS Group reduced their price target on shares of U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Finally, Oppenheimer reduced their price target on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $46.02.

U.S. Bancorp Stock Up 1.3 %

Shares of U.S. Bancorp stock traded up $0.51 on Friday, hitting $40.53. 6,156,240 shares of the company’s stock traded hands, compared to its average volume of 7,008,351. The stock has a market cap of $63.25 billion, a P/E ratio of 13.42, a PEG ratio of 3.90 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07. The firm’s 50-day moving average is $41.99 and its 200 day moving average is $41.37. U.S. Bancorp has a 52-week low of $29.33 and a 52-week high of $45.85.

U.S. Bancorp (NYSE:USB) last issued its earnings results 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. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The firm had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period last year, the company earned $1.16 earnings per share. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. Equities analysts anticipate that U.S. Bancorp will post 3.84 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 4.84%. U.S. Bancorp’s payout ratio 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.