Greater Midwest Financial Group LLC Sells 270 Shares of U.S. Bancorp (NYSE:USB)

Greater Midwest Financial Group LLC cut its position in U.S. Bancorp (NYSE:USB) by 3.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,816 shares of the financial services provider’s stock after selling 270 shares during the period. Greater Midwest Financial Group LLC’s holdings in U.S. Bancorp were worth $374,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Brooklyn Investment Group raised its position in U.S. Bancorp by 4.4% in the 3rd quarter. Brooklyn Investment Group now owns 4,792 shares of the financial services provider’s stock worth $219,000 after buying an additional 201 shares during the last quarter. McAdam LLC raised its holdings in shares of U.S. Bancorp by 2.5% during the third quarter. McAdam LLC now owns 8,503 shares of the financial services provider’s stock valued at $389,000 after purchasing an additional 209 shares during the last quarter. HCR Wealth Advisors lifted its position in U.S. Bancorp by 1.1% during the fourth quarter. HCR Wealth Advisors now owns 20,107 shares of the financial services provider’s stock valued at $962,000 after purchasing an additional 211 shares during the period. Priebe Wealth Holdings LLC boosted its holdings in U.S. Bancorp by 4.4% in the fourth quarter. Priebe Wealth Holdings LLC now owns 5,078 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 215 shares during the last quarter. Finally, Essex Savings Bank boosted its holdings in U.S. Bancorp by 1.8% in the fourth quarter. Essex Savings Bank now owns 12,350 shares of the financial services provider’s stock worth $591,000 after purchasing an additional 216 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Trading Down 0.4 %

Shares of USB opened at $48.44 on Friday. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98. The company has a 50 day simple moving average of $50.05 and a two-hundred day simple moving average of $47.03. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The firm has a market cap of $75.56 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 1.81 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. The business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 EPS. On average, equities analysts expect that U.S. Bancorp will post 4.37 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.50 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.13%. U.S. Bancorp’s payout ratio is currently 52.77%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Compass Point raised their target price on U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Oppenheimer boosted their price target on U.S. Bancorp from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Barclays raised their price objective on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Finally, Robert W. Baird set a $54.00 target price on shares of U.S. Bancorp in a report on Thursday, October 17th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $54.21.

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.