U.S. Bancorp (NYSE:USB) Stock Position Trimmed by Cairn Investment Group Inc.

Cairn Investment Group Inc. decreased its position in U.S. Bancorp (NYSE:USB – Get Rating) by 1.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 34,023 shares of the financial services provider’s stock after selling 502 shares during the period. Cairn Investment Group Inc.’s holdings in U.S. Bancorp were worth $1,484,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Old Port Advisors bought a new position in U.S. Bancorp in the 4th quarter worth approximately $459,000. Acropolis Investment Management LLC increased its holdings in shares of U.S. Bancorp by 6.6% during the fourth quarter. Acropolis Investment Management LLC now owns 10,616 shares of the financial services provider’s stock valued at $463,000 after purchasing an additional 661 shares during the period. McElhenny Sheffield Capital Management LLC bought a new stake in shares of U.S. Bancorp during the fourth quarter valued at about $117,000. Arkadios Wealth Advisors lifted its holdings in U.S. Bancorp by 20.0% in the fourth quarter. Arkadios Wealth Advisors now owns 42,342 shares of the financial services provider’s stock worth $1,847,000 after purchasing an additional 7,048 shares during the period. Finally, Ellenbecker Investment Group increased its stake in U.S. Bancorp by 53.1% during the 4th quarter. Ellenbecker Investment Group now owns 8,069 shares of the financial services provider’s stock valued at $351,000 after buying an additional 2,798 shares during the period. Institutional investors and hedge funds own 71.83% of the company’s stock.

U.S. Bancorp Trading Down 9.4 %

U.S. Bancorp stock opened at $32.95 on Friday. U.S. Bancorp has a 52 week low of $32.72 and a 52 week high of $57.92. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.78 and a current ratio of 0.79. The firm has a market capitalization of $50.47 billion, a price-to-earnings ratio of 8.88, a P/E/G ratio of 1.12 and a beta of 0.98. The company has a 50 day moving average price of $46.40 and a 200 day moving average price of $44.42.

U.S. Bancorp (NYSE:USB – Get Rating) last issued its earnings results on Wednesday, January 25th. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.11 by $0.09. The business had revenue of $6.37 billion during the quarter, compared to analysts’ expectations of $6.61 billion. U.S. Bancorp had a return on equity of 16.13% and a net margin of 21.26%. U.S. Bancorp’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.07 earnings per share. Research analysts forecast that U.S. Bancorp will post 5.01 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be issued a $0.48 dividend. The ex-dividend date is Thursday, March 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 5.83%. U.S. Bancorp’s dividend payout ratio is 51.75%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group began coverage on shares of U.S. Bancorp in a research note on Sunday, February 26th. They issued a “neutral” rating for the company. Barclays raised U.S. Bancorp from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $62.00 to $68.00 in a research note on Tuesday, January 3rd. UBS Group raised U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $47.00 to $55.00 in a research note on Tuesday, January 10th. Deutsche Bank Aktiengesellschaft decreased their target price on U.S. Bancorp from $60.00 to $52.00 in a research note on Friday, January 6th. Finally, StockNews.com initiated coverage on shares of U.S. Bancorp in a research report on Thursday. They issued a “hold” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, U.S. Bancorp currently has an average rating of “Hold” and a consensus target price of $54.83.

U.S. Bancorp Company Profile

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U.S. Bancorp operates as a bank holding company, which offers financial services including lending and depository services, cash management, foreign exchange and trust and investment management. The firm also offers mortgage, refinance, auto, boat and RV loans, credit lines, credit card services, merchant, bank, checking and savings accounts, debit cards, online and mobile banking, ATM processing, mortgage banking, insurance, brokerage and leasing services.