LVW Advisors LLC Has $2.62 Million Holdings in U.S. Bancorp (NYSE:USB)

LVW Advisors LLC decreased its holdings in shares of U.S. Bancorp (NYSE:USB) by 5.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,832 shares of the financial services provider’s stock after selling 3,432 shares during the quarter. LVW Advisors LLC’s holdings in U.S. Bancorp were worth $2,623,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in USB. Brooklyn Investment Group increased its position in shares of U.S. Bancorp by 4.4% during the 3rd quarter. Brooklyn Investment Group now owns 4,792 shares of the financial services provider’s stock worth $219,000 after purchasing an additional 201 shares during the last quarter. McAdam LLC grew its stake in shares of U.S. Bancorp by 2.5% in the third quarter. McAdam LLC now owns 8,503 shares of the financial services provider’s stock valued at $389,000 after buying an additional 209 shares in the last quarter. HCR Wealth Advisors increased its holdings in U.S. Bancorp by 1.1% during the fourth quarter. HCR Wealth Advisors now owns 20,107 shares of the financial services provider’s stock worth $962,000 after buying an additional 211 shares during the last quarter. Essex Savings Bank raised its position in U.S. Bancorp by 1.8% during the fourth quarter. Essex Savings Bank now owns 12,350 shares of the financial services provider’s stock worth $591,000 after acquiring an additional 216 shares in the last quarter. Finally, First Financial Bank Trust Division lifted its stake in U.S. Bancorp by 0.7% in the fourth quarter. First Financial Bank Trust Division now owns 31,037 shares of the financial services provider’s stock valued at $1,485,000 after acquiring an additional 224 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Trading Up 0.8 %

Shares of NYSE USB opened at $48.40 on Monday. The firm has a 50 day moving average price of $50.18 and a two-hundred day moving average price of $46.83. The stock has a market cap of $75.50 billion, a P/E ratio of 14.80, a price-to-earnings-growth ratio of 2.47 and a beta of 1.05. U.S. Bancorp has a 52-week low of $37.81 and a 52-week high of $53.98. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. U.S. Bancorp’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 earnings per share. As a group, equities analysts forecast that U.S. Bancorp will post 3.91 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.50 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.13%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 61.16%.

Wall Street Analysts Forecast Growth

USB has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price objective on the stock. in a research note on Thursday, October 24th. Citigroup raised U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their price objective for the company from $49.00 to $65.00 in a research report on Monday, November 25th. Barclays boosted their target price on U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Royal Bank of Canada set a $53.00 price target on U.S. Bancorp in a report on Thursday, October 17th. Finally, Compass Point upped their price objective on shares of U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, U.S. Bancorp presently has an average rating of “Moderate Buy” and an average price target of $54.21.

U.S. Bancorp Profile

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.