U.S. Bancorp (USB) Shares Sold by Kanawha Capital Management LLC

Kanawha Capital Management LLC trimmed its holdings in U.S. Bancorp (NYSE:USB) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 134,290 shares of the financial services provider’s stock after selling 2,040 shares during the quarter. Kanawha Capital Management LLC’s holdings in U.S. Bancorp were worth $7,197,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Shelton Capital Management grew its stake in U.S. Bancorp by 51.2% in the first quarter. Shelton Capital Management now owns 133,200 shares of the financial services provider’s stock worth $6,860,000 after purchasing an additional 45,116 shares in the last quarter. Twin Tree Management LP boosted its position in U.S. Bancorp by 63.2% during the 2nd quarter. Twin Tree Management LP now owns 34,326 shares of the financial services provider’s stock valued at $1,782,000 after acquiring an additional 13,295 shares in the last quarter. Oarsman Capital Inc. boosted its position in U.S. Bancorp by 4.5% during the 2nd quarter. Oarsman Capital Inc. now owns 11,430 shares of the financial services provider’s stock valued at $593,000 after acquiring an additional 488 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in U.S. Bancorp by 16.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 368,986 shares of the financial services provider’s stock valued at $19,158,000 after acquiring an additional 52,380 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its position in U.S. Bancorp by 7.5% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 210,974 shares of the financial services provider’s stock valued at $10,954,000 after acquiring an additional 14,678 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

A number of research firms have recently weighed in on USB. Zacks Investment Research raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. Instinet cut U.S. Bancorp from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $57.00 to $55.00 in a research report on Thursday, September 28th. Vining Sparks restated a “buy” rating and issued a $64.00 target price on shares of U.S. Bancorp in a research note on Monday. Robert W. Baird restated a “hold” rating and issued a $48.00 target price on shares of U.S. Bancorp in a research note on Friday, October 6th. Finally, UBS Group lowered U.S. Bancorp from a “buy” rating to a “neutral” rating and raised their target price for the stock from $58.00 to $60.00 in a research note on Tuesday, December 12th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $56.22.

U.S. Bancorp (NYSE:USB) traded up $0.48 during mid-day trading on Thursday, reaching $56.68. The company had a trading volume of 6,126,200 shares, compared to its average volume of 5,790,000. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. U.S. Bancorp has a 12 month low of $49.53 and a 12 month high of $56.74. The firm has a market cap of $94,060.00, a PE ratio of 16.87, a price-to-earnings-growth ratio of 1.93 and a beta of 0.85.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.88. The business had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.60 billion. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 EPS. equities research analysts anticipate that U.S. Bancorp will post 3.42 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, December 28th. U.S. Bancorp’s dividend payout ratio is currently 35.71%.

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U.S. Bancorp Profile

U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.

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

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