Blackhawk Capital Partners LLC. Trims Holdings in U.S. Bancorp (NYSE:USB)

Blackhawk Capital Partners LLC. lessened its holdings in U.S. Bancorp (NYSE:USB) by 68.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,953 shares of the financial services provider’s stock after selling 48,816 shares during the period. Blackhawk Capital Partners LLC.’s holdings in U.S. Bancorp were worth $1,026,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. CGC Financial Services LLC bought a new position in shares of U.S. Bancorp during the 4th quarter valued at about $25,000. BKM Wealth Management LLC purchased a new position in shares of U.S. Bancorp during the fourth quarter worth approximately $26,000. Planned Solutions Inc. bought a new stake in shares of U.S. Bancorp in 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 bought a new position in shares of U.S. Bancorp during the 4th quarter valued at $30,000. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

USB traded down $0.47 during mid-day trading on Friday, reaching $39.04. 5,656,021 shares of the company traded hands, compared to its average volume of 7,616,431. U.S. Bancorp has a 52-week low of $30.47 and a 52-week high of $45.85. The company’s fifty day moving average price is $40.18 and its 200-day moving average price is $41.55. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $60.92 billion, a P/E ratio of 12.93, a P/E/G ratio of 3.81 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share 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 business had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period in the prior year, the business posted $1.16 earnings per share. The company’s revenue was down 6.4% on a year-over-year basis. On average, sell-side analysts expect that U.S. Bancorp will post 3.84 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid 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 yield of 5.02%. U.S. Bancorp’s payout ratio is 64.90%.

Analyst Ratings Changes

Several research analysts have recently issued reports on USB shares. Royal Bank of Canada reissued an “outperform” rating and issued a $47.00 target price on shares of U.S. Bancorp in a research note on Thursday, May 16th. StockNews.com downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday. Jefferies Financial Group cut their price target on shares of U.S. Bancorp from $43.00 to $42.00 and set a “hold” rating on the stock in a report on Wednesday. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $45.00 price objective (down from $52.00) on shares of U.S. Bancorp in a report on Thursday, April 18th. Finally, Barclays dropped their target price on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.