Cambiar Investors LLC Has $34.50 Million Stock Holdings in U.S. Bancorp $USB

Cambiar Investors LLC lowered its position in shares of U.S. Bancorp (NYSE:USB) by 24.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 713,864 shares of the financial services provider’s stock after selling 234,559 shares during the quarter. Cambiar Investors LLC’s holdings in U.S. Bancorp were worth $34,501,000 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 the business. Barnes Dennig Private Wealth Management LLC acquired a new position in U.S. Bancorp during the third quarter worth $26,000. IMG Wealth Management Inc. acquired a new position in shares of U.S. Bancorp during the 2nd quarter worth about $25,000. Hillsdale Investment Management Inc. bought a new position in shares of U.S. Bancorp in the 2nd quarter valued at about $27,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of U.S. Bancorp in the third quarter valued at about $31,000. Finally, Pineridge Advisors LLC raised its holdings in U.S. Bancorp by 446.2% during the second quarter. Pineridge Advisors LLC now owns 639 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 522 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on USB shares. Oppenheimer raised their price target on U.S. Bancorp from $75.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. HSBC restated a “buy” rating and set a $62.00 target price on shares of U.S. Bancorp in a report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $52.50 price target for the company in a research note on Thursday, October 23rd. Wolfe Research lowered shares of U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Finally, The Goldman Sachs Group set a $52.00 target price on shares of U.S. Bancorp and gave the company a “neutral” rating in a research note on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $58.19.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $56.55 on Wednesday. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $56.70. The company has a market capitalization of $87.90 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 1.00 and a beta of 1.07. The company has a 50-day simple moving average of $52.99 and a 200 day simple moving average of $49.24. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80.

U.S. Bancorp (NYSE:USB) last issued 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. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The firm had revenue of $7.92 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same period last year, the business posted $1.07 earnings per share. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, 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 company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.52 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.08 annualized dividend and a yield of 3.7%. U.S. Bancorp’s payout ratio is 45.02%.

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.