Aristotle Capital Management LLC Decreases Stock Holdings in U.S. Bancorp $USB

Aristotle Capital Management LLC lowered its stake in shares of U.S. Bancorp (NYSE:USB) by 4.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 18,747,239 shares of the financial services provider’s stock after selling 916,641 shares during the period. U.S. Bancorp makes up approximately 2.0% of Aristotle Capital Management LLC’s holdings, making the stock its 13th biggest position. Aristotle Capital Management LLC’s holdings in U.S. Bancorp were worth $975,047,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in USB. Clayton Financial Group LLC purchased a new position in shares of U.S. Bancorp in the 4th quarter worth $25,000. Financial Life Planners purchased a new stake in U.S. Bancorp during the first quarter valued at $27,000. Main Street Group LTD bought a new position in U.S. Bancorp in the first quarter valued at about $28,000. JPL Wealth Management LLC purchased a new position in U.S. Bancorp in the third quarter worth about $28,000. Finally, Binnacle Investments Inc boosted its position in U.S. Bancorp by 77.8% in the third quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 273 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on USB. Citigroup reiterated a “buy” rating on shares of U.S. Bancorp in a research note on Tuesday. Wall Street Zen raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings upgraded shares of U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Keefe, Bruyette & Woods boosted their price objective on shares of U.S. Bancorp from $63.00 to $66.00 and gave the company a “market perform” rating in a research report on Friday, July 17th. Finally, Barclays raised their target price on U.S. Bancorp from $67.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $67.00.

U.S. Bancorp Trading Up 0.9%

Shares of USB stock opened at $63.91 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $99.14 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. U.S. Bancorp has a 12-month low of $43.46 and a 12-month high of $64.84. The stock’s 50-day moving average price is $58.89 and its 200-day moving average price is $56.42.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Thursday, July 16th. The financial services provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.07. U.S. Bancorp had a return on equity of 13.69% and a net margin of 18.49%.The business had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.58 billion. During the same quarter last year, the business posted $1.11 EPS. Equities research analysts predict that U.S. Bancorp will post 5.22 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.08 dividend on an annualized basis and a yield of 3.3%. U.S. Bancorp’s dividend payout ratio is presently 41.52%.

Insider Buying and Selling

In other U.S. Bancorp news, EVP Venkatachari Dilip sold 34,522 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the completion of the transaction, the executive vice president owned 51,292 shares in the company, valued at $2,847,731.84. This trade represents a 40.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is owned by company insiders.

About U.S. Bancorp

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.