Annex Advisory Services LLC Increases Stock Holdings in U.S. Bancorp (NYSE:USB)

Annex Advisory Services LLC boosted its position in U.S. Bancorp (NYSE:USB) by 2.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,424 shares of the financial services provider’s stock after purchasing an additional 405 shares during the period. Annex Advisory Services LLC’s holdings in U.S. Bancorp were worth $824,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of U.S. Bancorp by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock valued at $4,513,127,000 after buying an additional 6,479,642 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of U.S. Bancorp by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 33,719,110 shares of the financial services provider’s stock valued at $1,459,363,000 after buying an additional 2,598,163 shares in the last quarter. Aristotle Capital Management LLC lifted its position in shares of U.S. Bancorp by 266.6% during the 3rd quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider’s stock valued at $775,842,000 after buying an additional 17,066,479 shares in the last quarter. Norges Bank purchased a new position in shares of U.S. Bancorp during the 4th quarter valued at about $827,370,000. Finally, Morgan Stanley lifted its position in shares of U.S. Bancorp by 4.3% during the 3rd quarter. Morgan Stanley now owns 18,129,558 shares of the financial services provider’s stock valued at $599,363,000 after buying an additional 751,865 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on USB shares. Compass Point raised U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their target price for the company from $46.00 to $49.00 in a research note on Friday, March 22nd. Royal Bank of Canada reissued an “outperform” rating and set a $47.00 target price on shares of U.S. Bancorp in a research note on Thursday, May 16th. Jefferies Financial Group lifted their target price on U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Oppenheimer decreased their target price on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a research note on Thursday, April 18th. Finally, HSBC raised U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $47.00 to $53.00 in a research note on Thursday, March 28th. Fifteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, U.S. Bancorp currently has an average rating of “Hold” and an average target price of $46.02.

U.S. Bancorp Trading Down 1.3 %

USB opened at $40.02 on Wednesday. The firm has a market cap of $62.45 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 3.90 and a beta of 1.04. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. U.S. Bancorp has a 12 month low of $30.47 and a 12 month high of $45.85. The stock has a fifty day moving average price of $40.36 and a 200-day moving average price of $41.73.

U.S. Bancorp (NYSE:USB) last released its quarterly 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 firm had revenue of $6.72 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 EPS. As a group, equities research analysts anticipate that U.S. Bancorp will post 3.84 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 4.90%. The ex-dividend date is Friday, June 28th. U.S. Bancorp’s dividend payout ratio is currently 64.90%.

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.