Zions Bancorporation National Association UT Has $8.40 Million Stock Holdings in U.S. Bancorp $USB

Zions Bancorporation National Association UT lowered its position in shares of U.S. Bancorp (NYSE:USB) by 12.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 173,877 shares of the financial services provider’s stock after selling 24,934 shares during the quarter. Zions Bancorporation National Association UT’s holdings in U.S. Bancorp were worth $8,403,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in USB. Parcion Private Wealth LLC grew its position in 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 valued at $2,581,000 after purchasing an additional 218 shares in the last quarter. Bogart Wealth LLC boosted its stake in shares of U.S. Bancorp by 4.4% during 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 last quarter. Hoxton Planning & Management LLC grew its holdings in shares of 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 acquiring an additional 234 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC grew its holdings in shares of 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 acquiring an additional 235 shares in the last quarter. Finally, Crestwood Advisors Group LLC increased its position in shares of U.S. Bancorp by 3.5% during the 2nd quarter. Crestwood Advisors Group LLC now owns 7,021 shares of the financial services provider’s stock worth $318,000 after purchasing an additional 237 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at U.S. Bancorp

In other news, insider Mark G. Runkel sold 32,195 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the transaction, the insider directly owned 97,728 shares of the company’s stock, valued at approximately $5,927,203.20. This trade represents a 24.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Trading Down 0.3%

Shares of USB stock opened at $57.66 on Monday. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $61.19. The company has a market capitalization of $89.63 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 1.03 and a beta of 1.06. The firm has a 50 day moving average price of $55.43 and a two-hundred day moving average price of $50.37. 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 earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. The company had revenue of $7.92 billion for the quarter, compared to analyst estimates of $7.31 billion. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.07 earnings per share. As a group, analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm 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. This represents a $2.08 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Wednesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is currently 45.02%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on USB. TD Cowen raised their target price on shares of U.S. Bancorp from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Oppenheimer lifted their price objective on shares of U.S. Bancorp from $75.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. JPMorgan Chase & Co. upped their target price on shares of U.S. Bancorp from $55.50 to $62.00 and gave the company an “underweight” rating in a report on Monday, February 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of U.S. Bancorp in a report on Wednesday, January 21st. Finally, Evercore upped their price objective on U.S. Bancorp from $60.00 to $65.00 and gave the company an “in-line” rating in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.79.

U.S. Bancorp 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.