Greylin Investment Management Inc Has $7.14 Million Holdings in U.S. Bancorp (NYSE:USB)

Greylin Investment Management Inc decreased its holdings in U.S. Bancorp (NYSE:USBFree Report) by 4.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 159,766 shares of the financial services provider’s stock after selling 7,665 shares during the quarter. U.S. Bancorp makes up 1.1% of Greylin Investment Management Inc’s investment portfolio, making the stock its 15th biggest holding. Greylin Investment Management Inc’s holdings in U.S. Bancorp were worth $7,142,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vestor Capital LLC lifted its position in U.S. Bancorp by 1.5% in the 4th quarter. Vestor Capital LLC now owns 17,179 shares of the financial services provider’s stock worth $744,000 after buying an additional 253 shares during the last quarter. Mosaic Family Wealth Partners LLC lifted its holdings in shares of U.S. Bancorp by 1.4% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider’s stock worth $832,000 after acquiring an additional 265 shares during the last quarter. Wealth Alliance boosted its stake in shares of U.S. Bancorp by 0.5% in the 4th quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock valued at $2,131,000 after purchasing an additional 266 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of U.S. Bancorp by 8.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,757 shares of the financial services provider’s stock valued at $163,000 after purchasing an additional 285 shares during the last quarter. Finally, United Community Bank raised its position in U.S. Bancorp by 0.7% in the 4th quarter. United Community Bank now owns 40,371 shares of the financial services provider’s stock worth $1,747,000 after purchasing an additional 289 shares during the period. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Stock Down 1.8 %

Shares of U.S. Bancorp stock traded down $0.75 during trading 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. 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 PE ratio of 13.25, a P/E/G ratio of 3.97 and a beta of 1.05. The company has a fifty day simple moving average of $42.02 and a two-hundred day simple moving average of $41.29. 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:USBGet Free Report) last announced its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating 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 business had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter last year, the firm earned $1.16 earnings per share. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. Equities research analysts predict that U.S. Bancorp will post 3.84 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.90%. U.S. Bancorp’s dividend payout ratio is currently 64.90%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on USB shares. Barclays reduced their price objective on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Oppenheimer decreased their price target on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a research note on Thursday, April 18th. UBS Group lowered their price objective on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Evercore ISI raised their target price on shares of U.S. Bancorp from $46.00 to $48.00 and gave the stock an “in-line” rating in a report on Thursday, March 28th. Finally, Compass Point raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price target for the company from $46.00 to $49.00 in a research report on Friday, March 22nd. Fifteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, U.S. Bancorp presently has an average rating of “Hold” and a consensus target price of $46.02.

Get Our Latest Stock Report on USB

U.S. Bancorp Profile

(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

Want to see what other hedge funds are holding USB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Bancorp (NYSE:USBFree Report).

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

Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.