U.S. Bancorp (NYSE:USB) Shares Sold by Iams Wealth Management LLC

Iams Wealth Management LLC lowered its holdings in U.S. Bancorp (NYSE:USB) by 10.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,717 shares of the financial services provider’s stock after selling 3,397 shares during the period. Iams Wealth Management LLC’s holdings in U.S. Bancorp were worth $1,184,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Kowal Investment Group LLC lifted its stake in U.S. Bancorp by 3.5% in the first quarter. Kowal Investment Group LLC now owns 51,899 shares of the financial services provider’s stock worth $2,320,000 after acquiring an additional 1,736 shares during the last quarter. LVW Advisors LLC lifted its stake in U.S. Bancorp by 37.0% in the first quarter. LVW Advisors LLC now owns 39,300 shares of the financial services provider’s stock worth $1,757,000 after acquiring an additional 10,612 shares during the last quarter. Foguth Wealth Management LLC. purchased a new position in U.S. Bancorp in the first quarter worth approximately $875,000. Chemung Canal Trust Co. lifted its stake in U.S. Bancorp by 1,013.2% in the first quarter. Chemung Canal Trust Co. now owns 106,044 shares of the financial services provider’s stock worth $4,740,000 after acquiring an additional 96,518 shares during the last quarter. Finally, First Bank & Trust lifted its stake in U.S. Bancorp by 10.2% in the first quarter. First Bank & Trust now owns 74,100 shares of the financial services provider’s stock worth $3,312,000 after acquiring an additional 6,858 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of USB traded up $0.26 during trading hours on Tuesday, reaching $39.50. 2,104,207 shares of the company’s stock traded hands, compared to its average volume of 8,355,675. The firm has a market capitalization of $61.64 billion, a price-to-earnings ratio of 12.99, a P/E/G 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 has a twelve month low of $30.47 and a twelve month high of $45.85. The business’s fifty day simple moving average is $40.35 and its two-hundred day simple moving average is $41.70.

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. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period last year, the company earned $1.16 earnings per share. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. Analysts predict that U.S. Bancorp will post 3.84 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm 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 $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 4.96%. The ex-dividend date is Friday, June 28th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

Wall Street Analysts Forecast Growth

USB has been the subject of a number of recent research reports. Barclays decreased their price target on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Jefferies Financial Group boosted their price objective on shares of U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Morgan Stanley restated an “equal weight” rating and set a $45.00 price objective on shares of U.S. Bancorp in a research report on Friday, June 21st. Wells Fargo & Company reduced their price target on shares of U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Finally, Compass Point raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $46.00 to $49.00 in a research note on Friday, March 22nd. Sixteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company 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.