DSG Capital Advisors LLC Has $7.27 Million Holdings in U.S. Bancorp $USB

DSG Capital Advisors LLC cut its position in shares of U.S. Bancorp (NYSE:USB) by 52.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 150,342 shares of the financial services provider’s stock after selling 167,520 shares during the period. U.S. Bancorp comprises about 1.2% of DSG Capital Advisors LLC’s investment portfolio, making the stock its 27th largest position. DSG Capital Advisors LLC’s holdings in U.S. Bancorp were worth $7,266,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in U.S. Bancorp in the 2nd quarter valued at $971,285,000. Davis Selected Advisers boosted its position in shares of U.S. Bancorp by 29.8% during the 2nd quarter. Davis Selected Advisers now owns 19,331,637 shares of the financial services provider’s stock valued at $874,757,000 after acquiring an additional 4,442,623 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in U.S. Bancorp by 1,589.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,472,252 shares of the financial services provider’s stock valued at $157,119,000 after acquiring an additional 3,266,724 shares during the period. AQR Capital Management LLC increased its stake in U.S. Bancorp by 354.5% in the second quarter. AQR Capital Management LLC now owns 2,855,350 shares of the financial services provider’s stock valued at $129,205,000 after acquiring an additional 2,227,103 shares during the period. Finally, Vanguard Group Inc. raised its position in U.S. Bancorp by 1.4% in the second quarter. Vanguard Group Inc. now owns 143,269,275 shares of the financial services provider’s stock worth $6,482,935,000 after purchasing an additional 2,038,996 shares in the last quarter. 77.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on USB. Argus upped their price objective on U.S. Bancorp from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Wolfe Research cut U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. DA Davidson lifted their price objective on U.S. Bancorp from $63.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Morgan Stanley reaffirmed a “positive” rating on shares of U.S. Bancorp in a report on Friday, October 17th. Finally, TD Cowen increased their target price on shares of U.S. Bancorp from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $58.19.

U.S. Bancorp Stock Up 1.3%

Shares of NYSE USB opened at $56.55 on Wednesday. The firm’s 50-day simple moving average is $52.99 and its 200 day simple moving average is $49.24. The company has a market cap of $87.90 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 1.00 and a beta of 1.07. The company has a quick ratio of 0.80, a current ratio of 0.80 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.

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

U.S. Bancorp Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.08 annualized dividend and a yield of 3.7%. U.S. Bancorp’s dividend payout ratio is currently 45.02%.

About U.S. Bancorp

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.