State of Alaska Department of Revenue Increases Position in U.S. Bancorp (NYSE:USB)

State of Alaska Department of Revenue lifted its position in shares of U.S. Bancorp (NYSE:USB) by 0.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 168,948 shares of the financial services provider’s stock after buying an additional 815 shares during the quarter. State of Alaska Department of Revenue’s holdings in U.S. Bancorp were worth $7,551,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Caldwell Sutter Capital Inc. lifted its stake in shares of U.S. Bancorp by 3.7% during the first quarter. Caldwell Sutter Capital Inc. now owns 10,528 shares of the financial services provider’s stock valued at $471,000 after buying an additional 372 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in U.S. Bancorp by 0.8% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,686,118 shares of the financial services provider’s stock worth $164,769,000 after purchasing an additional 30,922 shares during the last quarter. Applied Capital LLC FL increased its position in U.S. Bancorp by 3.3% during the first quarter. Applied Capital LLC FL now owns 30,601 shares of the financial services provider’s stock worth $1,368,000 after purchasing an additional 986 shares during the last quarter. Kowal Investment Group LLC increased its position in U.S. Bancorp by 3.5% during the first quarter. Kowal Investment Group LLC now owns 51,899 shares of the financial services provider’s stock worth $2,320,000 after purchasing an additional 1,736 shares during the last quarter. Finally, LVW Advisors LLC increased its position in U.S. Bancorp by 37.0% during the first quarter. LVW Advisors LLC now owns 39,300 shares of the financial services provider’s stock worth $1,757,000 after purchasing an additional 10,612 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Down 1.1 %

NYSE USB traded down $0.44 during trading hours on Wednesday, reaching $39.53. 3,715,540 shares of the company traded hands, compared to its average volume of 8,376,438. U.S. Bancorp has a 12 month low of $30.47 and a 12 month high of $45.85. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $61.68 billion, a PE ratio of 13.19, a PEG ratio of 3.82 and a beta of 1.04. The company has a 50 day moving average of $40.30 and a two-hundred day moving average of $41.62.

U.S. Bancorp (NYSE:USB) last posted 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 net margin of 12.13% and a return on equity of 13.93%. The firm had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the prior year, the firm posted $1.16 EPS. The firm’s revenue was down 6.4% compared to the same quarter last year. As a group, equities analysts expect that U.S. Bancorp will post 3.84 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given 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 dividend yield of 4.96%. U.S. Bancorp’s payout ratio is currently 64.90%.

Wall Street Analysts Forecast Growth

USB has been the subject of several research analyst reports. Wells Fargo & Company dropped their price target on shares of U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. HSBC raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and increased their price objective for the stock from $47.00 to $53.00 in a research report on Thursday, March 28th. JPMorgan Chase & Co. lowered shares of U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 price objective for the company. in a research report on Thursday, June 27th. UBS Group dropped their price objective on shares of U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Finally, Oppenheimer dropped their price objective on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a research report on Thursday, April 18th. Sixteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.