Vinva Investment Management Ltd Sells 12,715 Shares of U.S. Bancorp (NYSE:USB)

Vinva Investment Management Ltd reduced its stake in U.S. Bancorp (NYSE:USBFree Report) by 32.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,908 shares of the financial services provider’s stock after selling 12,715 shares during the quarter. Vinva Investment Management Ltd’s holdings in U.S. Bancorp were worth $1,130,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its stake in shares of U.S. Bancorp by 1.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 7,960,043 shares of the financial services provider’s stock valued at $344,511,000 after acquiring an additional 148,206 shares during the period. Stephens Inc. AR boosted its position in shares of U.S. Bancorp by 2.1% in the fourth quarter. Stephens Inc. AR now owns 250,024 shares of the financial services provider’s stock worth $10,821,000 after purchasing an additional 5,225 shares during the period. Exencial Wealth Advisors LLC increased its stake in shares of U.S. Bancorp by 49.1% in the fourth quarter. Exencial Wealth Advisors LLC now owns 17,180 shares of the financial services provider’s stock worth $744,000 after purchasing an additional 5,658 shares in the last quarter. Cibc World Markets Corp increased its stake in shares of U.S. Bancorp by 52.2% in the fourth quarter. Cibc World Markets Corp now owns 1,300,748 shares of the financial services provider’s stock worth $56,296,000 after purchasing an additional 445,988 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in shares of U.S. Bancorp by 2,440.9% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 227,307 shares of the financial services provider’s stock valued at $9,838,000 after purchasing an additional 218,361 shares during the period. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

USB has been the subject of several recent analyst reports. Compass Point raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their target price for the stock from $46.00 to $49.00 in a report on Friday, March 22nd. Barclays decreased their target price 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. HSBC upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and upped their price target for the stock from $47.00 to $53.00 in a research note on Thursday, March 28th. Royal Bank of Canada reiterated an “outperform” rating and set a $47.00 price objective on shares of U.S. Bancorp in a research report on Thursday, May 16th. Finally, JPMorgan Chase & Co. lowered their target price on shares of U.S. Bancorp from $45.00 to $43.50 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, U.S. Bancorp has an average rating of “Hold” and a consensus price target of $46.02.

Read Our Latest Stock Report on U.S. Bancorp

U.S. Bancorp Price Performance

USB remained flat at $39.02 during 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 current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. The business’s 50 day moving average is $41.16 and its 200 day moving average is $41.59. The company has a market capitalization of $60.89 billion, a PE ratio of 12.92, a P/E/G ratio of 3.76 and a beta of 1.04. U.S. Bancorp has a 12 month low of $30.47 and a 12 month high of $45.85.

U.S. Bancorp (NYSE:USBGet Free Report) last released its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.01. The firm had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The business’s revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the business earned $1.16 EPS. As a group, equities research analysts expect that U.S. Bancorp will post 3.84 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

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

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.

Read More

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.