U.S. Bancorp (NYSE:USB) Shares Sold by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. reduced its stake in shares of U.S. Bancorp (NYSE:USB) by 30.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,638 shares of the financial services provider’s stock after selling 2,844 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in U.S. Bancorp were worth $317,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of U.S. Bancorp in the 2nd quarter valued at about $86,000. AXA S.A. lifted its stake in U.S. Bancorp by 79.2% in the second quarter. AXA S.A. now owns 90,862 shares of the financial services provider’s stock valued at $3,607,000 after buying an additional 40,147 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of U.S. Bancorp by 414.4% in the second quarter. AQR Capital Management LLC now owns 572,617 shares of the financial services provider’s stock valued at $22,653,000 after acquiring an additional 461,291 shares during the period. APG Asset Management N.V. boosted its holdings in shares of U.S. Bancorp by 203.2% in the second quarter. APG Asset Management N.V. now owns 182,496 shares of the financial services provider’s stock valued at $6,760,000 after acquiring an additional 122,300 shares during the period. Finally, Scientech Research LLC purchased a new position in shares of U.S. Bancorp during the second quarter worth approximately $213,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Stock Performance

USB opened at $49.52 on Tuesday. U.S. Bancorp has a 1-year low of $37.81 and a 1-year high of $53.98. The stock has a market cap of $77.25 billion, a P/E ratio of 13.07, a P/E/G ratio of 1.81 and a beta of 1.05. The stock’s 50 day simple moving average is $49.99 and its 200 day simple moving average is $47.20. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $7 billion. During the same quarter last year, the business posted $0.99 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities analysts anticipate that U.S. Bancorp will post 4.37 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 52.77%.

Analysts Set New Price Targets

USB has been the subject of a number of recent research reports. Morgan Stanley decreased their price target on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Stephens increased their target price on shares of U.S. Bancorp from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Wells Fargo & Company boosted their price target on U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Oppenheimer increased their price objective on U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft downgraded U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 target price on the stock. in a research note on Thursday, October 24th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.21.

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.