WD Rutherford LLC Has $3.74 Million Holdings in U.S. Bancorp (NYSE:USB)

WD Rutherford LLC grew its stake in shares of U.S. Bancorp (NYSE:USB) by 7.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,560 shares of the financial services provider’s stock after acquiring an additional 6,060 shares during the period. U.S. Bancorp accounts for 1.9% of WD Rutherford LLC’s holdings, making the stock its 22nd largest position. WD Rutherford LLC’s holdings in U.S. Bancorp were worth $3,735,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. CGC Financial Services LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $25,000. BKM Wealth Management LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $26,000. Planned Solutions Inc. acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $27,000. Naples Money Management LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $30,000. Finally, Financial Synergies Wealth Advisors Inc. acquired a new stake in shares of U.S. Bancorp in the first quarter valued at approximately $30,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on USB shares. Evercore ISI lifted their price target on shares of U.S. Bancorp from $45.00 to $48.00 and gave the company an “in-line” rating in a research report on Tuesday. Compass Point upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their price target for the company from $46.00 to $49.00 in a research report on Friday, March 22nd. Royal Bank of Canada restated an “outperform” rating and set a $47.00 price objective on shares of U.S. Bancorp in a research report on Thursday, May 16th. Oppenheimer lowered their price objective on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a research report on Thursday, April 18th. Finally, StockNews.com upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 14th. Sixteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, U.S. Bancorp presently has a consensus rating of “Hold” and an average price target of $46.02.

U.S. Bancorp Trading Up 1.3 %

USB traded up $0.50 during trading on Friday, reaching $39.70. 12,212,239 shares of the stock traded hands, compared to its average volume of 8,161,955. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $61.95 billion, a PE ratio of 13.14, a P/E/G ratio of 3.82 and a beta of 1.04. The stock’s 50-day moving average is $40.35 and its 200 day moving average is $41.69. U.S. Bancorp has a 12 month low of $30.47 and a 12 month high of $45.85.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results 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. The business 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 business’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.16 earnings per share. Equities analysts anticipate that U.S. Bancorp will post 3.84 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.49 per share. 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 4.94%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 64.90%.

U.S. Bancorp 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.