U.S. Bancorp (NYSE:USB) Shares Sold by AMF Tjanstepension AB

AMF Tjanstepension AB decreased its holdings in U.S. Bancorp (NYSE:USB) by 27.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 361,636 shares of the financial services provider’s stock after selling 133,582 shares during the quarter. AMF Tjanstepension AB’s holdings in U.S. Bancorp were worth $16,228,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CGC Financial Services LLC acquired a new stake in U.S. Bancorp during the 4th quarter worth about $25,000. BKM Wealth Management LLC acquired a new position in U.S. Bancorp in the 4th quarter worth approximately $26,000. Planned Solutions Inc. purchased a new position in U.S. Bancorp during the 4th quarter worth approximately $27,000. Financial Synergies Wealth Advisors Inc. purchased a new stake in shares of U.S. Bancorp in the 1st quarter valued at $30,000. Finally, Naples Money Management LLC purchased a new position in shares of U.S. Bancorp during the fourth quarter worth $30,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on USB. Morgan Stanley reaffirmed an “equal weight” rating and set a $45.00 price target on shares of U.S. Bancorp in a research report on Friday, June 21st. StockNews.com upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 14th. UBS Group lowered their price objective on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Oppenheimer cut their target price on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a report on Thursday, April 18th. Finally, Barclays reduced their price target on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Sixteen equities 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 currently has a consensus rating of “Hold” and a consensus price target of $46.02.

U.S. Bancorp Stock Down 0.0 %

Shares of NYSE:USB opened at $39.67 on Friday. The firm’s 50-day moving average is $40.35 and its two-hundred day moving average is $41.69. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. U.S. Bancorp has a 1 year low of $30.47 and a 1 year high of $45.85. The firm has a market capitalization of $61.90 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 3.82 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period in the prior year, the business earned $1.16 EPS. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. Analysts predict that U.S. Bancorp will post 3.84 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date is Friday, June 28th. U.S. Bancorp’s dividend payout ratio is currently 64.90%.

About U.S. Bancorp

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.