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

DSG Capital Advisors LLC lessened its holdings in shares of U.S. Bancorp (NYSE:USB) by 52.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,342 shares of the financial services provider’s stock after selling 167,520 shares during the quarter. U.S. Bancorp makes up 1.2% of DSG Capital Advisors LLC’s investment portfolio, making the stock its 27th largest holding. DSG Capital Advisors LLC’s holdings in U.S. Bancorp were worth $7,266,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in USB. Chemung Canal Trust Co. increased its position in U.S. Bancorp by 205.5% in the 3rd quarter. Chemung Canal Trust Co. now owns 68,327 shares of the financial services provider’s stock worth $3,302,000 after purchasing an additional 45,963 shares during the last quarter. Synergy Asset Management LLC lifted its holdings in shares of U.S. Bancorp by 100.0% during the 3rd quarter. Synergy Asset Management LLC now owns 119,962 shares of the financial services provider’s stock valued at $5,428,000 after buying an additional 59,981 shares during the last quarter. Andra AP fonden grew its stake in shares of U.S. Bancorp by 175.6% in the 2nd quarter. Andra AP fonden now owns 458,400 shares of the financial services provider’s stock valued at $20,743,000 after buying an additional 292,100 shares in the last quarter. Cardinal Capital Management Inc. increased its holdings in U.S. Bancorp by 698.5% in the third quarter. Cardinal Capital Management Inc. now owns 243,101 shares of the financial services provider’s stock worth $11,749,000 after buying an additional 212,655 shares during the last quarter. Finally, DAVENPORT & Co LLC raised its position in U.S. Bancorp by 6.6% during the third quarter. DAVENPORT & Co LLC now owns 214,901 shares of the financial services provider’s stock valued at $10,386,000 after acquiring an additional 13,280 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Stock Up 1.3%

Shares of USB stock opened at $56.55 on Wednesday. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $56.70. The firm has a market cap of $87.90 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 1.00 and a beta of 1.07. The stock has a 50 day moving average of $52.99 and a 200-day moving average of $49.24. 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 (NYSE:USB) last announced its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share (EPS) 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 the consensus estimate of $7.31 billion. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. U.S. Bancorp’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company posted $1.07 earnings per share. On average, equities analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

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

Analyst Ratings Changes

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $52.50 target price for the company in a research report on Thursday, October 23rd. DA Davidson upped their price objective 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. Morgan Stanley reissued a “positive” rating on shares of U.S. Bancorp in a research report on Friday, October 17th. UBS Group boosted their price target on U.S. Bancorp from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Finally, TD Cowen increased their price objective on U.S. Bancorp from $65.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, U.S. Bancorp has an average rating of “Moderate Buy” and an average price target of $58.19.

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.