Iams Wealth Management LLC Sells 3,397 Shares of U.S. Bancorp (NYSE:USB)

Iams Wealth Management LLC decreased its position in U.S. Bancorp (NYSE:USB) by 10.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 28,717 shares of the financial services provider’s stock after selling 3,397 shares during the quarter. Iams Wealth Management LLC’s holdings in U.S. Bancorp were worth $1,184,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in USB. CGC Financial Services LLC acquired a new position in U.S. Bancorp in the fourth quarter valued at about $25,000. BKM Wealth Management LLC acquired a new position in U.S. Bancorp in the fourth quarter valued at about $26,000. Planned Solutions Inc. acquired a new position in U.S. Bancorp in the fourth quarter valued at about $27,000. Financial Synergies Wealth Advisors Inc. acquired a new position in U.S. Bancorp in the first quarter valued at about $30,000. Finally, Naples Money Management LLC acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth about $30,000. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Trading Up 0.7 %

Shares of NYSE USB traded up $0.26 during trading on Tuesday, reaching $39.50. The company had a trading volume of 2,104,207 shares, compared to its average volume of 8,355,675. The company’s fifty day moving average price is $40.35 and its 200-day moving average price is $41.70. U.S. Bancorp has a 12 month low of $30.47 and a 12 month high of $45.85. The stock has a market cap of $61.64 billion, a P/E ratio of 12.99, a PEG ratio of 3.82 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 released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the previous year, the company posted $1.16 EPS. The business’s revenue was down 6.4% on a year-over-year basis. As a group, research analysts expect that U.S. Bancorp will post 3.84 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm 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 dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.96 annualized dividend and a dividend yield of 4.96%. U.S. Bancorp’s payout ratio is 64.90%.

Wall Street Analysts Forecast Growth

USB has been the topic of a number of research analyst reports. Barclays dropped their price target on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. 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. UBS Group dropped their target price 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. Compass Point raised U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their target price for the company from $46.00 to $49.00 in a research report on Friday, March 22nd. Finally, StockNews.com raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 14th. Sixteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.