U.S. Bancorp (NYSE:USB) Position Trimmed by Quad Cities Investment Group LLC

Quad Cities Investment Group LLC cut its stake in shares of U.S. Bancorp (NYSE:USB) by 3.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,943 shares of the financial services provider’s stock after selling 728 shares during the quarter. U.S. Bancorp accounts for about 1.0% of Quad Cities Investment Group LLC’s investment portfolio, making the stock its 17th largest holding. Quad Cities Investment Group LLC’s holdings in U.S. Bancorp were worth $1,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Pineno Levin & Ford Asset Management Inc. increased its holdings in shares of U.S. Bancorp by 3.6% in the 4th quarter. Pineno Levin & Ford Asset Management Inc. now owns 5,750 shares of the financial services provider’s stock worth $263,000 after purchasing an additional 200 shares in the last quarter. Belpointe Asset Management LLC increased its holdings in shares of U.S. Bancorp by 4.3% in the 4th quarter. Belpointe Asset Management LLC now owns 4,955 shares of the financial services provider’s stock worth $226,000 after purchasing an additional 206 shares in the last quarter. First Personal Financial Services increased its holdings in shares of U.S. Bancorp by 3.3% in the 4th quarter. First Personal Financial Services now owns 6,491 shares of the financial services provider’s stock worth $297,000 after purchasing an additional 207 shares in the last quarter. Capital Investment Advisors LLC lifted its position in U.S. Bancorp by 3.6% during the fourth quarter. Capital Investment Advisors LLC now owns 5,988 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 209 shares in the last quarter. Finally, Bell Rock Capital LLC lifted its position in U.S. Bancorp by 16.9% during the fourth quarter. Bell Rock Capital LLC now owns 1,450 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 210 shares in the last quarter. Institutional investors own 75.82% of the company’s stock.

Several equities analysts have recently commented on USB shares. Zacks Investment Research upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research report on Tuesday, December 18th. Barclays boosted their price objective on U.S. Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, January 2nd. Jefferies Financial Group downgraded U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Robert W. Baird downgraded U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a research report on Monday, January 28th. Finally, Oppenheimer boosted their price objective on U.S. Bancorp from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. U.S. Bancorp has an average rating of “Hold” and a consensus price target of $58.08.

In other U.S. Bancorp news, Vice Chairman Leslie V. Godridge sold 14,737 shares of the firm’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $51.50, for a total value of $758,955.50. Following the transaction, the insider now directly owns 61,737 shares of the company’s stock, valued at approximately $3,179,455.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.24% of the company’s stock.

Shares of NYSE USB traded up $0.23 during mid-day trading on Wednesday, hitting $50.51. The stock had a trading volume of 2,548,025 shares, compared to its average volume of 6,640,401. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.85 and a quick ratio of 0.85. U.S. Bancorp has a twelve month low of $43.14 and a twelve month high of $55.56. The company has a market cap of $79.84 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 1.65 and a beta of 1.06.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.00 earnings per share for the quarter, hitting the consensus estimate of $1.00. U.S. Bancorp had a return on equity of 15.64% and a net margin of 27.53%. The company had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.62 billion. During the same period last year, the firm earned $0.96 EPS. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. Research analysts expect that U.S. Bancorp will post 4.31 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend was Thursday, March 28th. U.S. Bancorp’s dividend payout ratio (DPR) is 36.10%.

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U.S. Bancorp Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

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

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