Oxinas Partners Wealth Management LLC Sells 6,483 Shares of U.S. Bancorp (NYSE:USB)

Oxinas Partners Wealth Management LLC cut its position in U.S. Bancorp (NYSE:USB) by 47.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 7,243 shares of the financial services provider’s stock after selling 6,483 shares during the period. Oxinas Partners Wealth Management LLC’s holdings in U.S. Bancorp were worth $324,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Scotia Capital Inc. increased its holdings in shares of U.S. Bancorp by 2.9% in the 3rd quarter. Scotia Capital Inc. now owns 35,012 shares of the financial services provider’s stock worth $1,158,000 after purchasing an additional 990 shares in the last quarter. Focus Financial Network Inc. ADV bought a new stake in U.S. Bancorp in the 4th quarter worth about $5,440,000. Spinnaker Trust purchased a new position in U.S. Bancorp in the 4th quarter worth about $220,000. Morningstar Investment Management LLC lifted its stake in U.S. Bancorp by 760.8% during the 4th quarter. Morningstar Investment Management LLC now owns 83,833 shares of the financial services provider’s stock valued at $3,628,000 after acquiring an additional 74,094 shares during the period. Finally, Tealwood Asset Management Inc. boosted its holdings in shares of U.S. Bancorp by 33.4% during the 4th quarter. Tealwood Asset Management Inc. now owns 62,539 shares of the financial services provider’s stock valued at $2,707,000 after acquiring an additional 15,665 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Wall Street Analyst Weigh In

USB has been the subject of several research reports. DA Davidson decreased 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 report on Thursday, April 18th. StockNews.com raised U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 14th. Compass Point raised U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $46.00 to $49.00 in a report on Friday, March 22nd. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $45.00 price objective (down previously from $52.00) on shares of U.S. Bancorp in a research report on Thursday, April 18th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $47.00 target price on shares of U.S. Bancorp in a research report on Thursday, May 16th. Sixteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $46.02.

U.S. Bancorp Price Performance

USB traded up $0.73 on Tuesday, hitting $39.97. 9,380,725 shares of the company’s stock traded hands, compared to its average volume of 8,413,430. The company’s 50 day simple moving average is $40.32 and its 200-day simple moving average is $41.65. 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 one year low of $30.47 and a one year high of $45.85. The firm has a market cap of $62.37 billion, a price-to-earnings ratio of 13.24, a P/E/G ratio of 3.82 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) 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 the consensus estimate 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 analysts’ expectations of $6.71 billion. During the same quarter last year, the business posted $1.16 earnings per share. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, research analysts anticipate 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 will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.90%. The ex-dividend date is Friday, June 28th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 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.