U.S. Bancorp (NYSE:USB) Stock Position Trimmed by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its position in U.S. Bancorp (NYSE:USB) by 97.8% during the 4th quarter, HoldingsChannel reports. The firm owned 1,132 shares of the financial services provider’s stock after selling 50,829 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in U.S. Bancorp were worth $49,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Financial Advocates Investment Management lifted its position in U.S. Bancorp by 9.4% in the 4th quarter. Financial Advocates Investment Management now owns 32,649 shares of the financial services provider’s stock valued at $1,413,000 after purchasing an additional 2,802 shares during the last quarter. German American Bancorp Inc. bought a new stake in U.S. Bancorp in the 4th quarter valued at about $234,000. First National Advisers LLC raised its position in shares of U.S. Bancorp by 104.7% during the 4th quarter. First National Advisers LLC now owns 55,023 shares of the financial services provider’s stock worth $2,382,000 after buying an additional 28,149 shares in the last quarter. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of U.S. Bancorp during the 4th quarter worth about $54,000. Finally, Kingsview Wealth Management LLC raised its position in shares of U.S. Bancorp by 26.7% during the 4th quarter. Kingsview Wealth Management LLC now owns 246,471 shares of the financial services provider’s stock worth $10,667,000 after buying an additional 51,915 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on USB. UBS Group dropped their price target on shares of U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. DA Davidson dropped their price target on shares of U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. Barclays dropped their price target on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Morgan Stanley boosted their target price on shares of U.S. Bancorp from $44.00 to $45.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. Finally, Jefferies Financial Group boosted their target price on shares of U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $46.02.

U.S. Bancorp Stock Performance

U.S. Bancorp stock opened at $40.53 on Monday. The firm’s 50 day simple moving average is $41.99 and its 200-day simple moving average is $41.42. U.S. Bancorp has a fifty-two week low of $29.33 and a fifty-two week high of $45.85. The company has a market cap of $63.25 billion, a P/E ratio of 13.42, a price-to-earnings-growth ratio of 3.90 and a beta of 1.05. 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 quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the firm posted $1.16 earnings per share. The firm’s revenue was down 6.4% on a year-over-year basis. As a group, equities research analysts predict that U.S. Bancorp will post 3.84 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed 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. This represents a $1.96 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s payout ratio 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.