U.S. Bancorp $USB Shares Sold by Edgar Lomax Co. VA

Edgar Lomax Co. VA lowered its holdings in U.S. Bancorp (NYSE:USBFree Report) by 22.6% in the third quarter, Holdings Channel.com reports. The fund owned 80,726 shares of the financial services provider’s stock after selling 23,600 shares during the quarter. Edgar Lomax Co. VA’s holdings in U.S. Bancorp were worth $3,901,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in USB. Brighton Jones LLC grew its position in U.S. Bancorp by 323.0% during the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock worth $2,309,000 after buying an additional 36,863 shares during the period. Empowered Funds LLC boosted its stake in shares of U.S. Bancorp by 2.1% during the 1st quarter. Empowered Funds LLC now owns 34,411 shares of the financial services provider’s stock worth $1,453,000 after acquiring an additional 714 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of U.S. Bancorp by 18.9% in the 1st quarter. Intech Investment Management LLC now owns 39,276 shares of the financial services provider’s stock worth $1,658,000 after acquiring an additional 6,252 shares during the period. Sivia Capital Partners LLC purchased a new position in U.S. Bancorp in the 2nd quarter valued at approximately $425,000. Finally, NewSquare Capital LLC increased its stake in U.S. Bancorp by 153.2% in the 2nd quarter. NewSquare Capital LLC now owns 1,043 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 631 shares in the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity at U.S. Bancorp

In related news, insider Mark G. Runkel sold 32,195 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $60.65, for a total value of $1,952,626.75. Following the completion of the transaction, the insider directly owned 97,728 shares in the company, valued at approximately $5,927,203.20. This represents a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.23% of the stock is currently owned by corporate insiders.

More U.S. Bancorp News

Here are the key news stories impacting U.S. Bancorp this week:

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $53.92 on Friday. The stock has a market capitalization of $83.78 billion, a P/E ratio of 11.67, a P/E/G ratio of 0.97 and a beta of 1.04. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $61.19. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The firm’s 50-day moving average is $56.12 and its two-hundred day moving average is $51.38.

U.S. Bancorp (NYSE:USBGet Free Report) last announced its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share (EPS) 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 business had revenue of $7.92 billion for the quarter, compared to the consensus estimate of $7.31 billion. During the same quarter in the prior year, the firm posted $1.07 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities 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 disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued 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 3.9%. U.S. Bancorp’s dividend payout ratio (DPR) is 45.02%.

Analysts Set New Price Targets

A number of research firms have commented on USB. Oppenheimer boosted their target price on U.S. Bancorp from $75.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Evercore boosted their price objective on shares of U.S. Bancorp from $60.00 to $65.00 and gave the stock an “in-line” rating in a research report on Thursday, February 5th. Wolfe Research cut shares of U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods lifted their target price on shares of U.S. Bancorp from $58.00 to $59.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 21st. Finally, HSBC reaffirmed a “buy” rating and issued a $62.00 price target on shares of U.S. Bancorp in a report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $60.02.

View Our Latest Stock Analysis on USB

About U.S. Bancorp

(Free Report)

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.

See Also

Want to see what other hedge funds are holding USB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Bancorp (NYSE:USBFree Report).

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

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