Alps Advisors Inc. Reduces Holdings in U.S. Bancorp $USB

Alps Advisors Inc. decreased its position in shares of U.S. Bancorp (NYSE:USB) by 8.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 524,529 shares of the financial services provider’s stock after selling 47,244 shares during the quarter. Alps Advisors Inc.’s holdings in U.S. Bancorp were worth $25,350,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in USB. Parcion Private Wealth LLC increased its stake in shares of U.S. Bancorp by 0.4% in the third quarter. Parcion Private Wealth LLC now owns 53,412 shares of the financial services provider’s stock worth $2,581,000 after purchasing an additional 218 shares in the last quarter. Curbstone Financial Management Corp lifted its stake in shares of U.S. Bancorp by 0.6% during the 2nd quarter. Curbstone Financial Management Corp now owns 39,982 shares of the financial services provider’s stock valued at $1,809,000 after buying an additional 222 shares in the last quarter. Bogart Wealth LLC boosted its holdings in U.S. Bancorp by 4.4% in the 3rd quarter. Bogart Wealth LLC now owns 5,507 shares of the financial services provider’s stock worth $266,000 after buying an additional 234 shares during the period. Hoxton Planning & Management LLC grew its stake in U.S. Bancorp by 3.4% in the 3rd quarter. Hoxton Planning & Management LLC now owns 7,021 shares of the financial services provider’s stock valued at $339,000 after buying an additional 234 shares in the last quarter. Finally, Allen Mooney & Barnes Investment Advisors LLC grew its stake in U.S. Bancorp by 0.5% in the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 43,289 shares of the financial services provider’s stock valued at $2,092,000 after buying an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on USB. Wells Fargo & Company boosted their price objective on U.S. Bancorp from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, October 17th. TD Cowen lifted their target price on U.S. Bancorp from $65.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. HSBC reissued a “buy” rating and issued a $62.00 price target on shares of U.S. Bancorp in a report on Wednesday, January 7th. UBS Group restated a “neutral” rating and issued a $60.00 price objective on shares of U.S. Bancorp in a research report on Wednesday. Finally, DA Davidson upped their target price on shares of U.S. Bancorp from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.90.

U.S. Bancorp Stock Up 2.8%

Shares of U.S. Bancorp stock opened at $60.74 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $60.91. The company’s 50 day moving average price is $54.57 and its 200-day moving average price is $49.89. The stock has a market capitalization of $94.42 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 1.09 and a beta of 1.06.

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

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.52 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.08 annualized dividend and a dividend yield of 3.4%. 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.