Strs Ohio Sells 45,989 Shares of U.S. Bancorp $USB

Strs Ohio decreased its position in shares of U.S. Bancorp (NYSE:USB) by 7.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 561,183 shares of the financial services provider’s stock after selling 45,989 shares during the quarter. Strs Ohio’s holdings in U.S. Bancorp were worth $27,122,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in USB. Barnes Dennig Private Wealth Management LLC purchased a new stake in U.S. Bancorp during the 3rd quarter valued at $26,000. IMG Wealth Management Inc. purchased a new position in shares of U.S. Bancorp in the second quarter worth $25,000. Hillsdale Investment Management Inc. purchased a new stake in shares of U.S. Bancorp during the second quarter valued at $27,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of U.S. Bancorp during the third quarter valued at $31,000. Finally, Pineridge Advisors LLC increased its holdings in U.S. Bancorp by 446.2% in the 2nd quarter. Pineridge Advisors LLC now owns 639 shares of the financial services provider’s stock worth $29,000 after buying an additional 522 shares in the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. The Goldman Sachs Group set a $52.00 target price on shares of U.S. Bancorp and gave the company a “neutral” rating in a research note on Friday, October 17th. Oppenheimer boosted their price objective on shares of U.S. Bancorp from $75.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday. Bank of America raised their target price on shares of U.S. Bancorp from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Wolfe Research downgraded shares of U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. Finally, Morgan Stanley reissued a “positive” rating on shares of U.S. Bancorp in a report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.19.

U.S. Bancorp Stock Down 1.2%

Shares of USB stock opened at $55.50 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.82 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $56.70. The stock has a market cap of $86.27 billion, a P/E ratio of 12.01, a P/E/G ratio of 1.01 and a beta of 1.07. The company has a 50 day simple moving average of $52.57 and a two-hundred day simple moving average of $49.09.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.07. The business had revenue of $7.92 billion for the quarter, compared to analysts’ expectations of $7.31 billion. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.07 EPS. On average, research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Wednesday, December 31st. U.S. Bancorp’s payout ratio is currently 45.02%.

U.S. Bancorp Company Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.