U.S. Bancorp (USB) Shares Sold by Schnieders Capital Management LLC

Schnieders Capital Management LLC reduced its position in U.S. Bancorp (NYSE:USB) by 1.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,599 shares of the financial services provider’s stock after selling 215 shares during the period. Schnieders Capital Management LLC’s holdings in U.S. Bancorp were worth $751,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of USB. WESPAC Advisors SoCal LLC purchased a new stake in shares of U.S. Bancorp in the fourth quarter worth about $27,000. Executive Wealth Management LLC purchased a new stake in shares of U.S. Bancorp in the fourth quarter worth about $27,000. Gantzert Investment Co. LLC ADV purchased a new stake in shares of U.S. Bancorp in the fourth quarter worth about $32,000. ERTS Wealth Advisors LLC purchased a new stake in shares of U.S. Bancorp in the fourth quarter worth about $36,000. Finally, New Potomac Partners LLC purchased a new stake in shares of U.S. Bancorp in the first quarter worth about $37,000. Institutional investors own 75.98% of the company’s stock.

Shares of USB stock opened at $51.05 on Wednesday. U.S. Bancorp has a 1 year low of $43.14 and a 1 year high of $55.56. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. The company has a market cap of $80.89 billion, a price-to-earnings ratio of 12.45, a P/E/G ratio of 1.69 and a beta of 1.10.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.00. U.S. Bancorp had a return on equity of 15.53% and a net margin of 27.02%. The business had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.62 billion. During the same period in the prior year, the business posted $0.96 earnings per share. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that U.S. Bancorp will post 4.29 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.48 dividend on an annualized basis and a yield of 2.90%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 36.10%.

In other news, Vice Chairman Gillern Jeffry H. Von sold 4,669 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $53.14, for a total value of $248,110.66. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Leslie V. Godridge sold 12,564 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $51.53, for a total value of $647,422.92. Following the completion of the sale, the insider now owns 39,330 shares in the company, valued at $2,026,674.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,233 shares of company stock worth $1,907,734. Company insiders own 0.24% of the company’s stock.

A number of equities research analysts recently commented on the company. Robert W. Baird downgraded U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 target price on the stock. in a research report on Monday, January 28th. Oppenheimer upped their price objective on U.S. Bancorp from $58.00 to $62.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Finally, Zacks Investment Research downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $58.33.

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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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