Cascade Investment Advisors Inc. Reduces Stake in U.S. Bancorp (NYSE:USB)

Cascade Investment Advisors Inc. trimmed its holdings in shares of U.S. Bancorp (NYSE:USB) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 65,550 shares of the financial services provider’s stock after selling 1,767 shares during the quarter. U.S. Bancorp accounts for approximately 2.0% of Cascade Investment Advisors Inc.’s holdings, making the stock its 5th biggest holding. Cascade Investment Advisors Inc.’s holdings in U.S. Bancorp were worth $3,135,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of USB. Winch Advisory Services LLC grew its position in shares of U.S. Bancorp by 1,088.9% in the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock worth $26,000 after buying an additional 490 shares during the last quarter. Global Wealth Strategies & Associates boosted its stake in U.S. Bancorp by 70.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 250 shares in the last quarter. Frazier Financial Advisors LLC grew its holdings in U.S. Bancorp by 222.7% in the third quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 441 shares during the last quarter. Global Trust Asset Management LLC acquired a new position in shares of U.S. Bancorp during the fourth quarter worth $33,000. Finally, Albion Financial Group UT lifted its holdings in shares of U.S. Bancorp by 92.8% during the 4th quarter. Albion Financial Group UT now owns 696 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 335 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock opened at $49.52 on Tuesday. The firm has a market cap of $77.25 billion, a PE ratio of 13.07, a P/E/G ratio of 1.81 and a beta of 1.05. The business has a 50-day moving average price of $49.99 and a 200 day moving average price of $47.20. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. During the same period in the prior year, the company posted $0.99 EPS. The business’s quarterly revenue was up 3.7% on a year-over-year basis. Sell-side analysts predict that U.S. Bancorp will post 4.37 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.04%. U.S. Bancorp’s dividend payout ratio (DPR) is 52.77%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Robert W. Baird set a $54.00 target price on U.S. Bancorp in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price objective on the stock. in a report on Thursday, October 24th. Raymond James upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 target price for the company in a research note on Thursday, December 19th. Oppenheimer boosted their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Finally, Wells Fargo & Company lifted their price objective on shares of U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $54.21.

U.S. Bancorp Company 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.