Crossmark Global Holdings Inc. Acquires 42,889 Shares of U.S. Bancorp $USB

Crossmark Global Holdings Inc. lifted its holdings in shares of U.S. Bancorp (NYSE:USBFree Report) by 12.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 389,893 shares of the financial services provider’s stock after purchasing an additional 42,889 shares during the period. Crossmark Global Holdings Inc.’s holdings in U.S. Bancorp were worth $18,844,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of U.S. Bancorp during the second quarter valued at about $971,285,000. Davis Selected Advisers grew its position in U.S. Bancorp by 29.8% during the 2nd quarter. Davis Selected Advisers now owns 19,331,637 shares of the financial services provider’s stock worth $874,757,000 after acquiring an additional 4,442,623 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in U.S. Bancorp by 1,589.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,472,252 shares of the financial services provider’s stock worth $157,119,000 after purchasing an additional 3,266,724 shares during the period. AQR Capital Management LLC lifted its position in U.S. Bancorp by 354.5% in the second quarter. AQR Capital Management LLC now owns 2,855,350 shares of the financial services provider’s stock valued at $129,205,000 after purchasing an additional 2,227,103 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in U.S. Bancorp by 1.4% in the second quarter. Vanguard Group Inc. now owns 143,269,275 shares of the financial services provider’s stock valued at $6,482,935,000 after purchasing an additional 2,038,996 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In other news, insider Mark G. Runkel sold 32,195 shares of U.S. Bancorp stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the completion of the transaction, the insider directly owned 97,728 shares in the company, valued at approximately $5,927,203.20. This trade represents a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Down 0.8%

USB stock opened at $53.92 on Friday. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $61.19. The company has a market capitalization of $83.78 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 0.97 and a beta of 1.04. The business’s 50 day moving average price is $56.12 and its two-hundred day moving average price is $51.38. 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:USBGet Free Report) last announced its earnings results on Tuesday, January 20th. The financial services provider reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. The firm had revenue of $7.92 billion for the quarter, compared to analysts’ expectations of $7.31 billion. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.07 EPS. As a group, analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders 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 3.9%. The ex-dividend date was Wednesday, December 31st. U.S. Bancorp’s dividend payout ratio is 45.02%.

Trending Headlines about U.S. Bancorp

Here are the key news stories impacting U.S. Bancorp this week:

Analyst Ratings Changes

Several research analysts recently commented on USB shares. HSBC reaffirmed a “buy” rating and issued a $62.00 target price on shares of U.S. Bancorp in a research note on Wednesday, January 7th. Wolfe Research cut shares of U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. TD Cowen upped their price objective on shares of U.S. Bancorp from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Evercore raised their target price on U.S. Bancorp from $60.00 to $65.00 and gave the stock an “in-line” rating in a research note on Thursday, February 5th. Finally, Keefe, Bruyette & Woods boosted their price target on U.S. Bancorp from $58.00 to $59.00 and gave the company a “market perform” rating in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.02.

Get Our Latest Research Report on USB

U.S. Bancorp Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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