B. Riley Wealth Advisors Inc. Sells 8,176 Shares of U.S. Bancorp (NYSE:USB)

B. Riley Wealth Advisors Inc. trimmed its position in shares of U.S. Bancorp (NYSE:USB) by 14.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,844 shares of the financial services provider’s stock after selling 8,176 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in U.S. Bancorp were worth $2,094,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hennessy Advisors Inc. raised its position in U.S. Bancorp by 53.3% during the 4th quarter. Hennessy Advisors Inc. now owns 23,000 shares of the financial services provider’s stock valued at $995,000 after purchasing an additional 8,000 shares during the last quarter. Leo Wealth LLC bought a new position in shares of U.S. Bancorp during the fourth quarter valued at approximately $281,000. Rovin Capital UT ADV lifted its stake in U.S. Bancorp by 18.0% in the fourth quarter. Rovin Capital UT ADV now owns 16,465 shares of the financial services provider’s stock worth $713,000 after acquiring an additional 2,517 shares during the period. Spartan Planning & Wealth Management lifted its stake in U.S. Bancorp by 44,540.0% in the fourth quarter. Spartan Planning & Wealth Management now owns 2,232 shares of the financial services provider’s stock worth $97,000 after acquiring an additional 2,227 shares during the period. Finally, SageView Advisory Group LLC boosted its holdings in U.S. Bancorp by 29.9% in the fourth quarter. SageView Advisory Group LLC now owns 47,478 shares of the financial services provider’s stock valued at $2,058,000 after acquiring an additional 10,938 shares in the last quarter. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Trading Up 0.5 %

NYSE:USB opened at $39.29 on Wednesday. The stock has a market cap of $61.31 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 3.74 and a beta of 1.05. 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’s 50 day moving average price is $40.54 and its 200-day moving average price is $41.72. U.S. Bancorp has a 52 week low of $30.47 and a 52 week high of $45.85.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, beating the consensus estimate 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 business had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period last year, the business posted $1.16 EPS. The company’s revenue was down 6.4% compared to the same quarter last year. On average, equities research analysts forecast that U.S. Bancorp will post 3.84 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 4.99%. U.S. Bancorp’s payout ratio is 64.90%.

Wall Street Analyst Weigh In

USB has been the subject of several research reports. HSBC upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and upped their price objective for the stock from $47.00 to $53.00 in a report on Thursday, March 28th. JPMorgan Chase & Co. lowered their price objective on shares of U.S. Bancorp from $45.00 to $43.50 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Barclays cut their price objective on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Evercore ISI increased their target price on U.S. Bancorp from $46.00 to $48.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. Finally, Oppenheimer dropped their price target on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a research report on Thursday, April 18th. Fifteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, U.S. Bancorp currently has an average rating of “Hold” and an average target price of $46.02.

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.