Trust Co. of Toledo NA OH Decreases Stock Holdings in U.S. Bancorp (NYSE:USB)

Trust Co. of Toledo NA OH lowered its holdings in shares of U.S. Bancorp (NYSE:USB) by 1.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,470 shares of the financial services provider’s stock after selling 436 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in U.S. Bancorp were worth $1,183,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in U.S. Bancorp by 5.0% in the third quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock worth $4,513,127,000 after acquiring an additional 6,479,642 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in U.S. Bancorp by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 33,719,110 shares of the financial services provider’s stock worth $1,459,363,000 after purchasing an additional 2,598,163 shares during the period. Aristotle Capital Management LLC grew its holdings in U.S. Bancorp by 266.6% during the third quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider’s stock valued at $775,842,000 after purchasing an additional 17,066,479 shares during the period. Northern Trust Corp raised its stake in shares of U.S. Bancorp by 7.7% in the third quarter. Northern Trust Corp now owns 19,334,910 shares of the financial services provider’s stock worth $639,212,000 after buying an additional 1,388,401 shares during the period. Finally, Norges Bank bought a new position in shares of U.S. Bancorp during the 4th quarter valued at approximately $827,370,000. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Up 0.5 %

U.S. Bancorp stock opened at $39.29 on Thursday. 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 stock has a market capitalization of $61.31 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 3.75 and a beta of 1.04. U.S. Bancorp has a 1-year low of $30.47 and a 1-year high of $45.85. The business has a fifty day moving average price of $40.49 and a 200-day moving average price of $41.71.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The firm had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The business’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 EPS. Equities research analysts forecast that U.S. Bancorp will post 3.85 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.49 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.99%. U.S. Bancorp’s payout ratio is 64.90%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on USB shares. DA Davidson decreased their price objective on U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. Barclays cut 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. Compass Point raised U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their target price for the company from $46.00 to $49.00 in a research note on Friday, March 22nd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $45.00 target price (down previously from $52.00) on shares of U.S. Bancorp in a research note on Thursday, April 18th. Finally, StockNews.com raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 14th. Fifteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $46.02.

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.