Valeo Financial Advisors LLC Sells 5,091 Shares of U.S. Bancorp (NYSE:USB)

Valeo Financial Advisors LLC lessened its stake in U.S. Bancorp (NYSE:USB) by 14.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,204 shares of the financial services provider’s stock after selling 5,091 shares during the period. Valeo Financial Advisors LLC’s holdings in U.S. Bancorp were worth $1,350,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of U.S. Bancorp by 5.0% in the 3rd 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. Charles Schwab Investment Management Inc. grew its position in shares of U.S. Bancorp by 8.3% in the 4th 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. Norges Bank bought a new stake in shares of U.S. Bancorp in the 4th quarter valued at about $827,370,000. Morgan Stanley boosted its position in shares of U.S. Bancorp by 4.3% during the 3rd quarter. Morgan Stanley now owns 18,129,558 shares of the financial services provider’s stock valued at $599,363,000 after purchasing an additional 751,865 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of U.S. Bancorp by 3.0% during the 4th quarter. Van ECK Associates Corp now owns 8,941,642 shares of the financial services provider’s stock valued at $386,994,000 after purchasing an additional 264,264 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Down 1.1 %

Shares of NYSE:USB opened at $39.53 on Thursday. The company has a market capitalization of $61.68 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 3.85 and a beta of 1.04. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. The business has a fifty day moving average price of $40.30 and a two-hundred day moving average price of $41.62. U.S. Bancorp has a 1 year low of $30.47 and a 1 year 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The firm 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 business’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.16 EPS. Analysts forecast that U.S. Bancorp will post 3.84 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm 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 4.96%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Compass Point upgraded 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. Jefferies Financial Group cut their target price on U.S. Bancorp from $43.00 to $42.00 and set a “hold” rating on the stock in a research report on Wednesday. Morgan Stanley restated an “equal weight” rating and set a $45.00 target price on shares of U.S. Bancorp in a research report on Friday, June 21st. HSBC upgraded 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. Finally, Royal Bank of Canada restated an “outperform” rating and set a $47.00 target price on shares of U.S. Bancorp in a research report on Thursday, May 16th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, U.S. Bancorp presently has an average rating of “Hold” and an average target price of $45.84.

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.