Baker Ellis Asset Management LLC Cuts Stake in U.S. Bancorp (USB)

Baker Ellis Asset Management LLC decreased its position in shares of U.S. Bancorp (NYSE:USB) by 2.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 90,846 shares of the financial services provider’s stock after selling 2,050 shares during the quarter. U.S. Bancorp makes up 1.2% of Baker Ellis Asset Management LLC’s investment portfolio, making the stock its 15th largest position. Baker Ellis Asset Management LLC’s holdings in U.S. Bancorp were worth $4,868,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Stelac Advisory Services LLC bought a new position in shares of U.S. Bancorp during the 2nd quarter worth $103,000. Horan Capital Advisors LLC. bought a new position in U.S. Bancorp in the 3rd quarter worth about $112,000. Phocas Financial Corp. bought a new position in U.S. Bancorp in the 2nd quarter worth about $109,000. Cerebellum GP LLC bought a new position in U.S. Bancorp in the 4th quarter worth about $123,000. Finally, San Francisco Sentry Investment Group CA boosted its stake in U.S. Bancorp by 1,211.9% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 3,306 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 3,054 shares during the period. Institutional investors own 74.08% of the company’s stock.

Several research analysts have commented on the company. Zacks Investment Research upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Friday, February 2nd. Morgan Stanley raised their target price on U.S. Bancorp from $60.00 to $61.00 and gave the stock an “underweight” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. downgraded U.S. Bancorp from a “neutral” rating to an “underweight” rating and set a $58.50 target price for the company. in a research note on Wednesday, January 31st. Vining Sparks restated a “hold” rating and issued a $61.00 target price on shares of U.S. Bancorp in a research note on Thursday, January 25th. Finally, Deutsche Bank upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and raised their target price for the stock from $60.00 to $63.00 in a research note on Thursday, January 25th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $58.13.

Shares of U.S. Bancorp (NYSE USB) opened at $52.65 on Friday. U.S. Bancorp has a 1-year low of $49.53 and a 1-year high of $58.50. The firm has a market capitalization of $87,370.00, a PE ratio of 15.00, a price-to-earnings-growth ratio of 1.81 and a beta of 0.87. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.73.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.01. U.S. Bancorp had a return on equity of 13.89% and a net margin of 25.91%. The firm had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.59 billion. During the same quarter last year, the firm posted $0.82 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. equities research analysts forecast that U.S. Bancorp will post 4.02 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.20 annualized dividend and a dividend yield of 2.28%. U.S. Bancorp’s payout ratio is currently 34.19%.

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U.S. Bancorp Company Profile

U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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