Prudential PLC Sells 6,240 Shares of U.S. Bancorp (NYSE:USB)

Prudential PLC lowered its stake in shares of U.S. Bancorp (NYSE:USBFree Report) by 5.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 115,055 shares of the financial services provider’s stock after selling 6,240 shares during the period. Prudential PLC’s holdings in U.S. Bancorp were worth $4,980,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CGC Financial Services LLC bought a new position in U.S. Bancorp during the 4th quarter worth $25,000. BKM Wealth Management LLC bought a new position in U.S. Bancorp during the 4th quarter worth $26,000. Planned Solutions Inc. bought a new position in U.S. Bancorp during the 4th quarter worth $27,000. Naples Money Management LLC bought a new position in U.S. Bancorp during the 4th quarter worth $30,000. Finally, Friedenthal Financial acquired a new stake in shares of U.S. Bancorp during the 4th quarter worth $46,000. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

Shares of NYSE:USB remained flat at $39.02 during midday trading on Friday. The company had a trading volume of 8,218,147 shares, compared to its average volume of 7,200,503. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07. U.S. Bancorp has a 12 month low of $30.47 and a 12 month high of $45.85. The company has a market capitalization of $60.89 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 3.76 and a beta of 1.04. The business’s 50 day moving average price is $41.16 and its two-hundred day moving average price is $41.59.

U.S. Bancorp (NYSE:USBGet Free Report) last released its quarterly earnings data 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. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period in the previous year, the company posted $1.16 EPS. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. Analysts forecast that U.S. Bancorp will post 3.84 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 5.02%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s payout ratio is 64.90%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on USB. Oppenheimer reduced their target price on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a $47.00 target price on shares of U.S. Bancorp in a research report on Thursday, May 16th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $45.00 target price (down from $52.00) on shares of U.S. Bancorp in a research report on Thursday, April 18th. JPMorgan Chase & Co. lowered their price objective on U.S. Bancorp from $45.00 to $43.50 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Finally, Jefferies Financial Group raised their price objective on U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.02.

Read Our Latest Research Report on USB

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.

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

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