Deprince Race & Zollo Inc. Sells 9,334 Shares of U.S. Bancorp $USB

Deprince Race & Zollo Inc. trimmed its holdings in shares of U.S. Bancorp (NYSE:USB) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 794,689 shares of the financial services provider’s stock after selling 9,334 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in U.S. Bancorp were worth $38,407,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the business. Parcion Private Wealth LLC increased its position in shares of 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 worth $2,581,000 after purchasing an additional 218 shares during the last quarter. Curbstone Financial Management Corp grew its position in U.S. Bancorp by 0.6% during the second quarter. Curbstone Financial Management Corp now owns 39,982 shares of the financial services provider’s stock valued at $1,809,000 after acquiring an additional 222 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC boosted its stake 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 purchasing an additional 235 shares in the last quarter. Crestwood Advisors Group LLC grew its stake in shares of U.S. Bancorp by 3.5% during the second quarter. Crestwood Advisors Group LLC now owns 7,021 shares of the financial services provider’s stock valued at $318,000 after buying an additional 237 shares during the last quarter. Finally, Symmetry Partners LLC increased its stake in U.S. Bancorp by 4.6% in the 3rd quarter. Symmetry Partners LLC now owns 5,366 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 238 shares during the period. Institutional investors own 77.60% of the company’s stock.

Insiders Place Their Bets

In other news, EVP James L. Chosy sold 26,909 shares of the stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $46.86, for a total value of $1,260,955.74. Following the transaction, the executive vice president directly owned 226,375 shares of the company’s stock, valued at approximately $10,607,932.50. This represents a 10.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Andrew Cecere sold 140,445 shares of the company’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $46.34, for a total transaction of $6,508,221.30. Following the completion of the sale, the chairman directly owned 1,360,414 shares in the company, valued at approximately $63,041,584.76. The trade was a 9.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

USB has been the topic of a number of recent analyst reports. UBS Group lifted their price objective 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. Citigroup increased their target price on U.S. Bancorp from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. The Goldman Sachs Group set a $52.00 price objective on shares of U.S. Bancorp and gave the stock a “neutral” rating in a report on Friday, October 17th. Deutsche Bank Aktiengesellschaft raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $52.50 price target on the stock in a report on Thursday, October 23rd. Finally, Bank of America upped their price objective on U.S. Bancorp from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $54.95.

U.S. Bancorp Price Performance

Shares of USB stock opened at $54.97 on Friday. The stock has a 50 day moving average price of $49.61 and a 200 day moving average price of $47.76. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $85.45 billion, a P/E ratio of 12.58, a P/E/G ratio of 1.04 and a beta of 1.10. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $55.15.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, October 16th. The financial services provider reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.11. The business had revenue of $7.34 billion during the quarter, compared to analyst estimates of $7.17 billion. U.S. Bancorp had a return on equity of 13.34% and a net margin of 16.89%.U.S. Bancorp’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 EPS. As a group, sell-side analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $0.52 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.08 dividend on an annualized basis and a yield of 3.8%. U.S. Bancorp’s dividend payout ratio (DPR) is 47.60%.

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.