Epoch Investment Partners Inc. reduced its position in U.S. Bancorp (NYSE:USB) by 17.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 458,663 shares of the financial services provider’s stock after selling 94,668 shares during the quarter. Epoch Investment Partners Inc.’s holdings in U.S. Bancorp were worth $24,222,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Stelac Advisory Services LLC acquired a new position in U.S. Bancorp in the 3rd quarter valued at $103,000. Integrated Investment Consultants LLC acquired a new position in U.S. Bancorp in the 2nd quarter valued at $135,000. Field & Main Bank increased its stake in U.S. Bancorp by 49.9% in the 2nd quarter. Field & Main Bank now owns 3,004 shares of the financial services provider’s stock valued at $159,000 after buying an additional 1,000 shares during the period. NEXT Financial Group Inc acquired a new position in U.S. Bancorp in the 3rd quarter valued at $181,000. Finally, Polaris Greystone Financial Group LLC acquired a new position in U.S. Bancorp in the 3rd quarter valued at $185,000. 75.24% of the stock is currently owned by institutional investors.
In related news, Vice Chairman Terrance R. Dolan sold 15,524 shares of the business’s stock in a transaction dated Thursday, October 18th. The shares were sold at an average price of $52.91, for a total value of $821,374.84. Following the sale, the insider now directly owns 124,086 shares in the company, valued at approximately $6,565,390.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Andrew Cecere sold 183,374 shares of the business’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $52.95, for a total transaction of $9,709,653.30. Following the completion of the sale, the chairman now owns 892,517 shares in the company, valued at $47,258,775.15. The disclosure for this sale can be found here. Insiders sold a total of 253,073 shares of company stock worth $13,383,882 over the last quarter. Insiders own 0.43% of the company’s stock.
U.S. Bancorp stock opened at $51.76 on Friday. U.S. Bancorp has a 52 week low of $48.49 and a 52 week high of $58.50. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.84 and a current ratio of 0.85. The stock has a market capitalization of $85.01 billion, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 1.71 and a beta of 0.90.
U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $1.06 EPS for the quarter, topping the consensus estimate of $1.04 by $0.02. U.S. Bancorp had a net margin of 27.53% and a return on equity of 15.14%. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.68 billion. During the same period in the previous year, the firm earned $0.88 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Analysts forecast that U.S. Bancorp will post 4.1 EPS for the current fiscal year.
Several equities analysts have issued reports on the stock. Wedbush set a $58.00 price objective on shares of U.S. Bancorp and gave the company a “hold” rating in a research note on Thursday, October 18th. ValuEngine cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. Macquarie raised shares of U.S. Bancorp from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $56.00 to $62.00 in a research note on Wednesday, October 10th. Zacks Investment Research cut shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, September 25th. Finally, UBS Group raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 18th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company’s stock. U.S. Bancorp currently has an average rating of “Hold” and a consensus target price of $59.61.
About U.S. Bancorp
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.
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