Exeter Financial LLC Sells 1,525 Shares of U.S. Bancorp (NYSE:USB)

Exeter Financial LLC lessened its holdings in U.S. Bancorp (NYSE:USB) by 1.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 82,152 shares of the financial services provider’s stock after selling 1,525 shares during the period. U.S. Bancorp accounts for 1.6% of Exeter Financial LLC’s holdings, making the stock its 20th biggest position. Exeter Financial LLC’s holdings in U.S. Bancorp were worth $3,526,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of U.S. Bancorp during the 4th quarter worth $827,370,000. Aristotle Capital Management LLC grew its holdings in shares of U.S. Bancorp by 266.6% during the 3rd quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider’s stock worth $775,842,000 after purchasing an additional 17,066,479 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of U.S. Bancorp by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock worth $4,513,127,000 after purchasing an additional 6,479,642 shares in the last quarter. Boston Partners acquired a new stake in U.S. Bancorp in the fourth quarter valued at about $154,517,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in U.S. Bancorp by 8.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 33,719,110 shares of the financial services provider’s stock valued at $1,459,363,000 after buying an additional 2,598,163 shares in the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $45.00 price objective (down from $52.00) on shares of U.S. Bancorp in a research note on Thursday, April 18th. Oppenheimer reduced their price objective on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a research note on Thursday, April 18th. UBS Group reduced their price objective on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. StockNews.com raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 14th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $45.00 price objective on shares of U.S. Bancorp in a research note on Friday, June 21st. Sixteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $46.02.

U.S. Bancorp Trading Down 0.6 %

USB stock traded down $0.24 during mid-day trading on Thursday, reaching $39.47. The company’s stock had a trading volume of 3,171,262 shares, compared to its average volume of 8,347,370. The company has a market cap of $61.59 billion, a price-to-earnings ratio of 13.10, a price-to-earnings-growth ratio of 3.85 and a beta of 1.04. The business’s 50 day moving average price is $40.36 and its 200 day moving average price is $41.71. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. U.S. Bancorp has a 12 month low of $30.47 and a 12 month high of $45.85.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter last year, the firm posted $1.16 earnings per share. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, equities research analysts predict that U.S. Bancorp will post 3.84 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.96 dividend on an annualized basis and a yield of 4.97%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

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.