Aspiriant LLC Cuts Position in U.S. Bancorp (NYSE:USB)

Aspiriant LLC lessened its holdings in U.S. Bancorp (NYSE:USB) by 35.6% during the first quarter, Holdings Channel.com reports. The firm owned 22,827 shares of the financial services provider’s stock after selling 12,637 shares during the quarter. Aspiriant LLC’s holdings in U.S. Bancorp were worth $1,020,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Bowman & Co S.C. purchased a new stake in shares of U.S. Bancorp during the first quarter valued at approximately $207,000. Brookstone Capital Management grew its holdings in shares of U.S. Bancorp by 2,056.5% during the first quarter. Brookstone Capital Management now owns 218,668 shares of the financial services provider’s stock valued at $9,774,000 after buying an additional 208,528 shares during the last quarter. Hoxton Planning & Management LLC grew its holdings in shares of U.S. Bancorp by 5.2% during the first quarter. Hoxton Planning & Management LLC now owns 6,228 shares of the financial services provider’s stock valued at $278,000 after buying an additional 306 shares during the last quarter. Annex Advisory Services LLC grew its holdings in shares of U.S. Bancorp by 2.2% during the first quarter. Annex Advisory Services LLC now owns 18,424 shares of the financial services provider’s stock valued at $824,000 after buying an additional 405 shares during the last quarter. Finally, Capital Advisors Wealth Management LLC grew its holdings in shares of U.S. Bancorp by 7.1% during the first quarter. Capital Advisors Wealth Management LLC now owns 29,110 shares of the financial services provider’s stock valued at $1,301,000 after buying an additional 1,924 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Oppenheimer dropped their target price on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. StockNews.com upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 14th. Jefferies Financial Group raised their target price on shares of U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a report on Monday, April 8th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $45.00 target price (down previously from $52.00) on shares of U.S. Bancorp in a report on Thursday, April 18th. Finally, Barclays dropped their target price on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Sixteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $46.02.

U.S. Bancorp Stock Performance

Shares of NYSE USB opened at $39.68 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. The company has a market cap of $61.92 billion, a P/E ratio of 13.14, a P/E/G ratio of 3.82 and a beta of 1.04. The firm’s fifty day moving average is $40.36 and its two-hundred day moving average is $41.71. U.S. Bancorp has a 52-week low of $30.47 and a 52-week high of $45.85.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $6.72 billion for 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%. U.S. Bancorp’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 firm posted $1.16 EPS. As a group, analysts anticipate that U.S. Bancorp will post 3.84 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. Shareholders of record on Friday, June 28th will be paid 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 4.94%. U.S. Bancorp’s 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.