LVW Advisors LLC Acquires 10,612 Shares of U.S. Bancorp (NYSE:USB)

LVW Advisors LLC lifted its holdings in shares of U.S. Bancorp (NYSE:USB) by 37.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,300 shares of the financial services provider’s stock after acquiring an additional 10,612 shares during the quarter. LVW Advisors LLC’s holdings in U.S. Bancorp were worth $1,757,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vestor Capital LLC increased its position in shares of U.S. Bancorp by 1.5% during the fourth quarter. Vestor Capital LLC now owns 17,179 shares of the financial services provider’s stock valued at $744,000 after acquiring an additional 253 shares during the last quarter. Mosaic Family Wealth Partners LLC boosted its holdings in shares of U.S. Bancorp by 1.4% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider’s stock worth $832,000 after buying an additional 265 shares during the last quarter. Wealth Alliance grew its position in U.S. Bancorp by 0.5% during the fourth quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock valued at $2,131,000 after buying an additional 266 shares during the period. EverSource Wealth Advisors LLC raised its position in U.S. Bancorp by 8.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,757 shares of the financial services provider’s stock worth $163,000 after acquiring an additional 285 shares during the period. Finally, United Community Bank boosted its stake in U.S. Bancorp by 0.7% in the fourth quarter. United Community Bank now owns 40,371 shares of the financial services provider’s stock valued at $1,747,000 after acquiring an additional 289 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on USB shares. StockNews.com upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 14th. UBS Group cut their price target on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Barclays dropped their price target on shares of 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. JPMorgan Chase & Co. downgraded shares of U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 price objective for the company. in a report on Thursday. Finally, Wells Fargo & Company lowered their target price on shares of U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Sixteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, U.S. Bancorp presently has an average rating of “Hold” and an average target price of $46.02.

U.S. Bancorp Stock Up 0.1 %

USB opened at $39.70 on Monday. The business’s 50-day moving average price is $40.35 and its 200-day moving average price is $41.70. 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 company has a market cap of $61.95 billion, a P/E ratio of 13.15, a P/E/G ratio of 3.82 and a beta of 1.04.

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

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.96 dividend on an annualized basis and a yield of 4.94%. U.S. Bancorp’s dividend payout ratio is presently 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.