U.S. Bancorp (NYSE:USB) Shares Sold by Trust Co. of Virginia VA

Trust Co. of Virginia VA decreased its position in shares of U.S. Bancorp (NYSE:USB) by 0.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 226,867 shares of the financial services provider’s stock after selling 717 shares during the quarter. Trust Co. of Virginia VA’s holdings in U.S. Bancorp were worth $10,141,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of USB. Norges Bank acquired a new position in shares of U.S. Bancorp during the 4th quarter valued at about $827,370,000. Aristotle Capital Management LLC boosted its position 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 valued at $775,842,000 after acquiring an additional 17,066,479 shares during the last quarter. Vanguard Group Inc. lifted its position in U.S. Bancorp by 5.0% in the third quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock valued at $4,513,127,000 after buying an additional 6,479,642 shares during the last quarter. Boston Partners acquired a new position in U.S. Bancorp in the fourth quarter valued at about $154,517,000. Finally, Charles Schwab Investment Management Inc. lifted its position 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 during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Compass Point raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their target price for the company from $46.00 to $49.00 in a research report on Friday, March 22nd. Wells Fargo & Company decreased their target price on shares of U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. HSBC raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and upped their target price for the company from $47.00 to $53.00 in a research report on Thursday, March 28th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $45.00 target price on shares of U.S. Bancorp in a research report on Friday, June 21st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $47.00 target price on shares of U.S. Bancorp in a research report on Thursday, May 16th. Sixteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.02.

U.S. Bancorp Stock Up 1.3 %

USB traded up $0.50 on Friday, reaching $39.70. The company’s stock had a trading volume of 12,212,239 shares, compared to its average volume of 8,161,955. The stock has a 50 day moving average of $40.35 and a two-hundred day moving average of $41.69. 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 company has a market capitalization of $61.95 billion, a price-to-earnings ratio of 13.14, a P/E/G ratio of 3.82 and a beta of 1.04. U.S. Bancorp has a fifty-two week low of $30.47 and a fifty-two week high of $45.85.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. The business had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The company’s revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.16 earnings per share. As a group, analysts forecast that U.S. Bancorp will post 3.84 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 4.94%. The ex-dividend date is Friday, June 28th. U.S. Bancorp’s payout ratio is currently 64.90%.

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.