Keystone Financial Planning Inc. Has $2.52 Million Holdings in U.S. Bancorp (NYSE:USB)

Keystone Financial Planning Inc. lessened its stake in U.S. Bancorp (NYSE:USB) by 6.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,410 shares of the financial services provider’s stock after selling 3,766 shares during the quarter. U.S. Bancorp comprises 0.8% of Keystone Financial Planning Inc.’s investment portfolio, making the stock its 27th biggest position. Keystone Financial Planning Inc.’s holdings in U.S. Bancorp were worth $2,522,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CGC Financial Services LLC acquired a new position in U.S. Bancorp during the fourth quarter worth about $25,000. BKM Wealth Management LLC bought a new stake in shares of U.S. Bancorp during the fourth quarter worth about $26,000. Planned Solutions Inc. bought a new stake in shares of U.S. Bancorp during the fourth quarter worth about $27,000. Naples Money Management LLC bought a new stake in shares of U.S. Bancorp during the fourth quarter worth about $30,000. Finally, Pineridge Advisors LLC bought a new stake in shares of U.S. Bancorp during the fourth quarter worth about $41,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

NYSE USB remained flat at $39.29 on Thursday. The company had a trading volume of 6,710,889 shares, compared to its average volume of 8,329,716. The stock has a market capitalization of $61.31 billion, a PE ratio of 13.01, a P/E/G ratio of 3.77 and a beta of 1.04. The business has a 50-day moving average price of $40.44 and a two-hundred day moving average price of $41.69. U.S. Bancorp has a twelve month low of $30.47 and a twelve month high of $45.85. 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 earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (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 firm had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period last year, the firm posted $1.16 EPS. The business’s revenue was down 6.4% compared to the same quarter last year. On average, research analysts expect that U.S. Bancorp will post 3.85 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, June 28th. This represents a $1.96 annualized dividend and a dividend yield of 4.99%. U.S. Bancorp’s payout ratio is 64.90%.

Wall Street Analysts Forecast Growth

USB has been the topic of several research reports. UBS Group reduced their price target on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $47.00 target price on shares of U.S. Bancorp in a report on Thursday, May 16th. HSBC upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and upped their target price for the company from $47.00 to $53.00 in a report on Thursday, March 28th. Compass Point upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their target price for the company from $46.00 to $49.00 in a report on Friday, March 22nd. Finally, Jefferies Financial Group upped their target price on U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a report on Monday, April 8th. Fifteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, U.S. Bancorp has a consensus rating of “Hold” and an average price target of $46.02.

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.