U.S. Bancorp $USB Position Reduced by Aberdeen Group plc

Aberdeen Group plc reduced its stake in shares of U.S. Bancorp (NYSE:USB) by 1.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,167,779 shares of the financial services provider’s stock after selling 14,556 shares during the quarter. Aberdeen Group plc’s holdings in U.S. Bancorp were worth $57,209,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Brighton Jones LLC grew its position in shares of U.S. Bancorp by 323.0% during the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock valued at $2,309,000 after buying an additional 36,863 shares during the last quarter. Empowered Funds LLC raised its position 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 buying an additional 714 shares in the last quarter. Intech Investment Management LLC lifted its position in U.S. Bancorp by 18.9% in the first quarter. Intech Investment Management LLC now owns 39,276 shares of the financial services provider’s stock worth $1,658,000 after purchasing an additional 6,252 shares during the period. Sivia Capital Partners LLC bought a new position in U.S. Bancorp during the second quarter valued at about $425,000. Finally, Nordea Investment Management AB raised its holdings in shares of U.S. Bancorp by 192.0% in the 2nd quarter. Nordea Investment Management AB now owns 1,994,993 shares of the financial services provider’s stock worth $90,752,000 after purchasing an additional 1,311,746 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Wall Street Analyst Weigh In

USB has been the topic of a number of analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of U.S. Bancorp in a research note on Wednesday, January 21st. UBS Group reaffirmed a “neutral” rating and set a $60.00 price target on shares of U.S. Bancorp in a research note on Wednesday, February 4th. DA Davidson increased their target price on shares of U.S. Bancorp from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Argus boosted their price objective on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, Evercore lifted their price target on 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. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.79.

Insider Activity

In related news, insider Mark G. Runkel sold 32,195 shares of U.S. Bancorp stock in a transaction that occurred 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 sale, the insider owned 97,728 shares of the company’s stock, valued at approximately $5,927,203.20. This trade represents a 24.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Down 0.3%

Shares of NYSE USB opened at $57.66 on Monday. The firm’s 50-day simple moving average is $55.43 and its 200 day simple moving average is $50.37. The company has a market cap of $89.63 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 1.03 and a beta of 1.06. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $61.19. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03.

U.S. Bancorp (NYSE:USB) 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 analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $7.31 billion. During the same period last year, the firm earned $1.07 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently announced 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 of this dividend was Wednesday, December 31st. This represents a $2.08 dividend on an annualized basis and a yield of 3.6%. U.S. Bancorp’s dividend payout ratio is presently 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.