Cwm LLC Decreases Position in U.S. Bancorp (NYSE:USB)

Cwm LLC cut its position in U.S. Bancorp (NYSE:USB) by 2.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 146,479 shares of the financial services provider’s stock after selling 4,373 shares during the period. Cwm LLC’s holdings in U.S. Bancorp were worth $6,548,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. CGC Financial Services LLC bought a new stake in shares of U.S. Bancorp in the fourth quarter worth approximately $25,000. BKM Wealth Management LLC bought a new stake in shares of U.S. Bancorp in the fourth quarter worth approximately $26,000. Planned Solutions Inc. bought a new stake in shares of U.S. Bancorp in the fourth quarter worth approximately $27,000. Naples Money Management LLC bought a new stake in shares of U.S. Bancorp in the fourth quarter worth approximately $30,000. Finally, Pineridge Advisors LLC bought a new stake in shares of U.S. Bancorp in the fourth quarter worth approximately $41,000. 77.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on USB shares. Jefferies Financial Group lifted their price target on shares of U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. Evercore ISI boosted their target price on shares of U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a research report on Thursday, March 28th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $45.00 target price (down from $52.00) on shares of U.S. Bancorp in a research report on Thursday, April 18th. DA Davidson cut their target price on shares of U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Finally, Wells Fargo & Company cut their target price 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. Fifteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $46.02.

U.S. Bancorp Price Performance

USB stock opened at $39.29 on Thursday. U.S. Bancorp has a one year low of $30.47 and a one year high of $45.85. The company’s fifty day moving average price is $40.49 and its 200-day moving average price is $41.71. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. The company has a market capitalization of $61.31 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 3.77 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $1.16 earnings per share. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, equities analysts anticipate that U.S. Bancorp will post 3.85 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently announced 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 4.99%. The ex-dividend date is Friday, June 28th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 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.