Diversify Advisory Services LLC Reduces Position in U.S. Bancorp (NYSE:USB)

Diversify Advisory Services LLC trimmed its stake in shares of U.S. Bancorp (NYSE:USB) by 18.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,041 shares of the financial services provider’s stock after selling 3,806 shares during the period. Diversify Advisory Services LLC’s holdings in U.S. Bancorp were worth $807,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in USB. Winch Advisory Services LLC lifted its holdings in shares of U.S. Bancorp by 1,088.9% during the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock valued at $26,000 after buying an additional 490 shares during the period. Global Wealth Strategies & Associates increased its holdings in U.S. Bancorp by 70.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock valued at $29,000 after buying an additional 250 shares during the last quarter. Frazier Financial Advisors LLC raised its position in U.S. Bancorp by 222.7% in the third quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 441 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of U.S. Bancorp during the 4th quarter valued at $38,000. Finally, First Financial Corp IN purchased a new stake in shares of U.S. Bancorp in the 4th quarter worth $41,000. Institutional investors own 77.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. DA Davidson upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their target price for the company from $58.00 to $60.00 in a research report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 target price for the company. in a report on Thursday, October 24th. Barclays lifted their price target on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Evercore ISI raised their price objective on shares of U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company lifted their target price on shares of U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $54.21.

U.S. Bancorp Stock Up 2.0 %

NYSE USB opened at $49.33 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 52 week low of $37.81 and a 52 week high of $53.98. The firm has a market capitalization of $76.96 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 1.80 and a beta of 1.05. The company has a fifty day moving average of $50.13 and a two-hundred day moving average of $46.94.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, beating the consensus estimate of $1.06 by $0.01. The company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 EPS. On average, analysts predict that U.S. Bancorp will post 4.35 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp’s payout ratio is currently 52.77%.

About U.S. Bancorp

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.