WBI Investments LLC Boosts Holdings in U.S. Bancorp (NYSE:USB)

WBI Investments LLC grew its position in U.S. Bancorp (NYSE:USB) by 4.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,728 shares of the financial services provider’s stock after buying an additional 592 shares during the period. WBI Investments LLC’s holdings in U.S. Bancorp were worth $569,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Buck Wealth Strategies LLC lifted its holdings in shares of U.S. Bancorp by 799.9% in the 1st quarter. Buck Wealth Strategies LLC now owns 110,286 shares of the financial services provider’s stock worth $4,930,000 after acquiring an additional 98,030 shares during the last quarter. Richardson Financial Services Inc. lifted its holdings in U.S. Bancorp by 8.9% during the 1st quarter. Richardson Financial Services Inc. now owns 5,950 shares of the financial services provider’s stock worth $266,000 after buying an additional 485 shares in the last quarter. Signaturefd LLC lifted its holdings in U.S. Bancorp by 7.4% during the 1st quarter. Signaturefd LLC now owns 23,382 shares of the financial services provider’s stock worth $1,045,000 after buying an additional 1,621 shares in the last quarter. Avidian Wealth Solutions LLC lifted its holdings in U.S. Bancorp by 3.3% during the 1st quarter. Avidian Wealth Solutions LLC now owns 10,435 shares of the financial services provider’s stock worth $466,000 after buying an additional 330 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in U.S. Bancorp by 736.3% during the 1st quarter. Larson Financial Group LLC now owns 18,834 shares of the financial services provider’s stock worth $842,000 after buying an additional 16,582 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Trading Up 2.7 %

U.S. Bancorp stock traded up $1.11 during trading on Thursday, reaching $41.91. The company had a trading volume of 5,693,506 shares, compared to its average volume of 8,318,589. U.S. Bancorp has a 12-month low of $30.47 and a 12-month high of $45.85. The stock’s 50 day moving average price is $40.13 and its two-hundred day moving average price is $41.47. The firm has a market capitalization of $65.40 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 3.81 and a beta of 1.04. 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) last released its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The firm 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%. U.S. Bancorp’s revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.16 earnings per share. As a group, equities analysts expect that U.S. Bancorp will post 3.83 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.96 dividend on an annualized basis and a yield of 4.68%. U.S. Bancorp’s dividend payout ratio (DPR) is 64.90%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on USB. DA Davidson dropped their price objective on shares of U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $47.00 price objective on shares of U.S. Bancorp in a research report on Thursday, May 16th. Compass Point raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price objective for the company from $46.00 to $49.00 in a research report on Friday, March 22nd. Oppenheimer dropped their target price on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a research report on Thursday, April 18th. Finally, Barclays dropped their target price on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $45.84.

About U.S. Bancorp

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.