S.E.E.D. Planning Group LLC Raises Position in U.S. Bancorp (NYSE:USB)

S.E.E.D. Planning Group LLC raised its stake in U.S. Bancorp (NYSE:USB) by 9.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 187,025 shares of the financial services provider’s stock after buying an additional 15,960 shares during the quarter. U.S. Bancorp comprises 3.1% of S.E.E.D. Planning Group LLC’s investment portfolio, making the stock its 13th largest position. S.E.E.D. Planning Group LLC’s holdings in U.S. Bancorp were worth $8,360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of USB. Vestor Capital LLC raised its stake in 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 valued at $744,000 after buying an additional 253 shares during the last quarter. Mosaic Family Wealth Partners LLC increased its stake 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 purchasing an additional 265 shares in the last quarter. Wealth Alliance increased its stake in shares of U.S. Bancorp by 0.5% in the 4th quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock worth $2,131,000 after purchasing an additional 266 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of U.S. Bancorp by 8.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,757 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 285 shares in the last quarter. Finally, United Community Bank increased its stake in shares of U.S. Bancorp by 0.7% in the 4th quarter. United Community Bank now owns 40,371 shares of the financial services provider’s stock worth $1,747,000 after purchasing an additional 289 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Trading Up 1.3 %

Shares of NYSE:USB traded up $0.50 during trading hours on Friday, hitting $39.70. 12,212,239 shares of the company’s stock traded hands, compared to its average volume of 8,161,955. U.S. Bancorp has a 1 year low of $30.47 and a 1 year high of $45.85. The business has a fifty day moving average price of $40.35 and a 200-day moving average price of $41.69. The firm has a market capitalization of $61.95 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 3.82 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.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (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 during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the previous year, the business earned $1.16 earnings per share. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. Equities analysts expect that U.S. Bancorp will post 3.84 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.94%. The ex-dividend date is Friday, June 28th. U.S. Bancorp’s dividend payout ratio is presently 64.90%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on USB shares. UBS Group reduced their price objective on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. HSBC raised U.S. Bancorp from a “hold” rating to a “buy” rating and raised their price target for the company from $47.00 to $53.00 in a report on Thursday, March 28th. Jefferies Financial Group raised their price target on U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a report on Monday, April 8th. Barclays decreased their price target on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Finally, Compass Point raised U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their price target for the company from $46.00 to $49.00 in a report on Friday, March 22nd. Sixteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, U.S. Bancorp has a consensus rating of “Hold” and a consensus price target of $46.02.

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.