International Assets Investment Management LLC Sells 884 Shares of U.S. Bancorp (NYSE:USB)

International Assets Investment Management LLC lessened its stake in shares of U.S. Bancorp (NYSE:USBFree Report) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,212 shares of the financial services provider’s stock after selling 884 shares during the quarter. International Assets Investment Management LLC’s holdings in U.S. Bancorp were worth $442,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Scotia Capital Inc. grew its stake in shares of U.S. Bancorp by 2.9% during the third quarter. Scotia Capital Inc. now owns 35,012 shares of the financial services provider’s stock worth $1,158,000 after buying an additional 990 shares during the last quarter. Tealwood Asset Management Inc. grew its stake in shares of U.S. Bancorp by 33.4% during the fourth quarter. Tealwood Asset Management Inc. now owns 62,539 shares of the financial services provider’s stock worth $2,707,000 after buying an additional 15,665 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of U.S. Bancorp by 19.4% during the third quarter. Van ECK Associates Corp now owns 8,677,378 shares of the financial services provider’s stock worth $286,874,000 after buying an additional 1,410,324 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of U.S. Bancorp by 104.3% in the fourth quarter. SG Americas Securities LLC now owns 105,090 shares of the financial services provider’s stock worth $4,548,000 after purchasing an additional 53,653 shares during the last quarter. Finally, SteelPeak Wealth LLC grew its stake in shares of U.S. Bancorp by 1,087.7% in the fourth quarter. SteelPeak Wealth LLC now owns 196,640 shares of the financial services provider’s stock worth $8,607,000 after purchasing an additional 180,084 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Trading Up 0.7 %

NYSE:USB opened at $41.18 on Wednesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. The firm has a 50-day moving average of $42.13 and a 200-day moving average of $41.30. The company has a market cap of $64.26 billion, a PE ratio of 13.64, a PEG ratio of 2.16 and a beta of 1.05. U.S. Bancorp has a one year low of $29.33 and a one year high of $45.85.

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

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.76%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s payout ratio is presently 64.90%.

Analysts Set New Price Targets

Several brokerages recently weighed in on USB. Wells Fargo & Company reduced their price objective on shares of U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Barclays reduced their price objective on shares of 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. JPMorgan Chase & Co. reduced their price objective on shares of U.S. Bancorp from $45.00 to $43.50 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Morgan Stanley boosted their price objective on shares of U.S. Bancorp from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. Finally, UBS Group dropped their target price on shares of U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Fifteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $46.02.

View Our Latest Research Report on USB

U.S. Bancorp Company 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.

Featured Stories

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.