AustralianSuper Pty Ltd Trims Holdings in U.S. Bancorp $USB

AustralianSuper Pty Ltd reduced its stake in U.S. Bancorp (NYSE:USB) by 39.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 161,380 shares of the financial services provider’s stock after selling 102,990 shares during the quarter. AustralianSuper Pty Ltd’s holdings in U.S. Bancorp were worth $7,799,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Parcion Private Wealth LLC boosted its position in shares of U.S. Bancorp by 0.4% during the third quarter. Parcion Private Wealth LLC now owns 53,412 shares of the financial services provider’s stock worth $2,581,000 after buying an additional 218 shares during the period. Curbstone Financial Management Corp lifted its stake in U.S. Bancorp by 0.6% during the 2nd quarter. Curbstone Financial Management Corp now owns 39,982 shares of the financial services provider’s stock worth $1,809,000 after acquiring an additional 222 shares in the last quarter. Bogart Wealth LLC lifted its stake in 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 acquiring an additional 234 shares in the last quarter. Hoxton Planning & Management LLC boosted its holdings in U.S. Bancorp by 3.4% during 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 during the period. Finally, Allen Mooney & Barnes Investment Advisors LLC grew its position in 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. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

NYSE:USB opened at $56.35 on Friday. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $56.70. 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 has a market capitalization of $87.60 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 1.00 and a beta of 1.07. The business’s fifty day moving average price is $53.37 and its 200 day moving average price is $49.33.

U.S. Bancorp (NYSE:USB) last released 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 return on equity of 13.48% and a net margin of 17.66%.The business had revenue of $7.92 billion during the quarter, compared to analysts’ expectations of $7.31 billion. During the same period in the prior year, the firm posted $1.07 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Wednesday, December 31st. U.S. Bancorp’s dividend payout ratio is 45.02%.

Analysts Set New Price Targets

USB has been the topic of several research reports. Barclays increased their price target on shares of U.S. Bancorp from $56.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. DA Davidson raised their price target on shares of U.S. Bancorp from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. HSBC restated a “buy” rating and issued a $62.00 price target on shares of U.S. Bancorp in a research note on Wednesday, January 7th. Morgan Stanley reiterated a “positive” rating on shares of U.S. Bancorp in a research note on Friday, October 17th. Finally, Royal Bank Of Canada boosted their target price on U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $58.19.

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.