Valeo Financial Advisors LLC Lowers Position in U.S. Bancorp (NYSE:USB)

Valeo Financial Advisors LLC decreased its stake in shares of U.S. Bancorp (NYSE:USB) by 14.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,204 shares of the financial services provider’s stock after selling 5,091 shares during the quarter. Valeo Financial Advisors LLC’s holdings in U.S. Bancorp were worth $1,350,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Scotia Capital Inc. raised its stake in U.S. Bancorp by 2.9% during the third quarter. Scotia Capital Inc. now owns 35,012 shares of the financial services provider’s stock valued at $1,158,000 after buying an additional 990 shares during the last quarter. Focus Financial Network Inc. ADV bought a new stake in shares of U.S. Bancorp in the 4th quarter worth $5,440,000. Spinnaker Trust bought a new stake in shares of U.S. Bancorp in the 4th quarter worth $220,000. Morningstar Investment Management LLC increased its holdings in shares of U.S. Bancorp by 760.8% in the 4th quarter. Morningstar Investment Management LLC now owns 83,833 shares of the financial services provider’s stock worth $3,628,000 after purchasing an additional 74,094 shares in the last quarter. Finally, Tealwood Asset Management Inc. increased its holdings in shares of U.S. Bancorp by 33.4% in the 4th quarter. Tealwood Asset Management Inc. now owns 62,539 shares of the financial services provider’s stock worth $2,707,000 after purchasing an additional 15,665 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock opened at $39.53 on Thursday. The stock’s 50-day simple moving average is $40.30 and its 200-day simple moving average is $41.62. U.S. Bancorp has a 52 week low of $30.47 and a 52 week high of $45.85. The company has a market capitalization of $61.68 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 3.85 and a beta of 1.04. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07.

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

U.S. Bancorp Announces Dividend

The company 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 $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 4.96%. U.S. Bancorp’s dividend payout ratio is currently 64.90%.

Analyst Upgrades and Downgrades

A number of analysts have commented on USB shares. UBS Group reduced their target price on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Oppenheimer reduced their target price on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a report on Thursday, April 18th. Compass Point raised U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $46.00 to $49.00 in a report on Friday, March 22nd. Barclays cut their price objective 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. Finally, Jefferies Financial Group cut their price objective on U.S. Bancorp from $43.00 to $42.00 and set a “hold” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $45.84.

U.S. Bancorp Company 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.