Level Four Advisory Services LLC Lowers Position in U.S. Bancorp (NYSE:USB)

Level Four Advisory Services LLC decreased its position in U.S. Bancorp (NYSE:USBFree Report) by 15.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,721 shares of the financial services provider’s stock after selling 1,192 shares during the quarter. Level Four Advisory Services LLC’s holdings in U.S. Bancorp were worth $291,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vestor Capital LLC lifted its position in shares of U.S. Bancorp by 1.5% during the 4th quarter. Vestor Capital LLC now owns 17,179 shares of the financial services provider’s stock worth $744,000 after buying an additional 253 shares in the last quarter. Mosaic Family Wealth Partners LLC boosted its holdings in shares of U.S. Bancorp by 1.4% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider’s stock worth $832,000 after buying an additional 265 shares during the last quarter. Wealth Alliance increased its holdings in U.S. Bancorp by 0.5% during the fourth quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock worth $2,131,000 after buying an additional 266 shares during the last quarter. Mechanics Financial Corp raised its position in U.S. Bancorp by 4.9% in the fourth quarter. Mechanics Financial Corp now owns 6,386 shares of the financial services provider’s stock worth $276,000 after acquiring an additional 300 shares during the period. Finally, Cigna Investments Inc. New boosted its stake in U.S. Bancorp by 1.9% in the fourth quarter. Cigna Investments Inc. New now owns 16,632 shares of the financial services provider’s stock valued at $720,000 after acquiring an additional 308 shares during the last quarter. 77.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

USB has been the topic of several research reports. JPMorgan Chase & Co. lowered their target price on U.S. Bancorp from $45.00 to $43.50 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. DA Davidson reduced their price objective on shares of U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. StockNews.com upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, May 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $47.00 price target on shares of U.S. Bancorp in a research report on Thursday, May 16th. Finally, Wells Fargo & Company dropped their price objective on U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Fifteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $46.02.

View Our Latest Research Report on USB

U.S. Bancorp Trading Down 1.0 %

NYSE USB opened at $40.77 on Thursday. The stock has a 50-day moving average of $42.07 and a 200-day moving average of $41.30. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. U.S. Bancorp has a 1-year low of $29.33 and a 1-year high of $45.85. The firm has a market cap of $63.62 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 3.97 and a beta of 1.05.

U.S. Bancorp (NYSE:USBGet Free Report) last released 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 for the quarter, compared to analysts’ expectations of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.16 earnings per share. As a group, sell-side analysts forecast that U.S. Bancorp will post 3.84 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a dividend of $0.49 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 4.81%. U.S. Bancorp’s dividend payout ratio is presently 64.90%.

About U.S. Bancorp

(Free Report)

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.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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