Chase Investment Counsel Corp Sells 382 Shares of U.S. Bancorp (NYSE:USB)

Chase Investment Counsel Corp lessened its stake in shares of U.S. Bancorp (NYSE:USBGet Rating) by 5.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 6,788 shares of the financial services provider’s stock after selling 382 shares during the period. Chase Investment Counsel Corp’s holdings in U.S. Bancorp were worth $360,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of U.S. Bancorp during the 4th quarter worth about $768,650,000. State Street Corp lifted its position in shares of U.S. Bancorp by 3.0% during the 4th quarter. State Street Corp now owns 63,110,227 shares of the financial services provider’s stock worth $3,573,671,000 after purchasing an additional 1,841,651 shares during the last quarter. BlackRock Inc. lifted its position in shares of U.S. Bancorp by 1.9% during the 4th quarter. BlackRock Inc. now owns 95,616,688 shares of the financial services provider’s stock worth $5,370,789,000 after purchasing an additional 1,789,050 shares during the last quarter. Schroder Investment Management Group raised its holdings in U.S. Bancorp by 54.9% in the 4th quarter. Schroder Investment Management Group now owns 3,668,136 shares of the financial services provider’s stock valued at $206,039,000 after acquiring an additional 1,299,437 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in U.S. Bancorp in the 4th quarter valued at approximately $52,720,000. Institutional investors own 74.92% of the company’s stock.

USB has been the subject of several recent research reports. Wells Fargo & Company cut their price target on U.S. Bancorp from $70.00 to $60.00 and set an “overweight” rating for the company in a report on Friday. Oppenheimer upped their price target on U.S. Bancorp from $67.00 to $72.00 in a report on Tuesday, May 3rd. StockNews.com initiated coverage on U.S. Bancorp in a report on Thursday, March 31st. They issued a “hold” rating for the company. Bank of America upped their price target on U.S. Bancorp from $54.00 to $56.00 and gave the company a “neutral” rating in a report on Monday, April 18th. Finally, Royal Bank of Canada dropped their target price on U.S. Bancorp from $66.00 to $60.00 and set an “outperform” rating for the company in a report on Friday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $62.14.

USB traded down $0.04 during mid-day trading on Friday, reaching $45.98. The stock had a trading volume of 132,539 shares, compared to its average volume of 7,932,328. The stock has a market capitalization of $68.31 billion, a P/E ratio of 9.92, a P/E/G ratio of 1.65 and a beta of 0.98. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.74 and a current ratio of 0.75. The firm’s fifty day simple moving average is $49.19 and its two-hundred day simple moving average is $54.01. U.S. Bancorp has a 52 week low of $44.79 and a 52 week high of $63.57.

U.S. Bancorp (NYSE:USBGet Rating) last announced its quarterly earnings data on Thursday, April 14th. The financial services provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.55 billion. U.S. Bancorp had a return on equity of 15.24% and a net margin of 30.41%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $1.45 EPS. As a group, analysts expect that U.S. Bancorp will post 4.43 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend is Wednesday, June 29th. U.S. Bancorp’s dividend payout ratio (DPR) is currently 39.66%.

U.S. Bancorp Company Profile (Get Rating)

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 in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.

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

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