Moody Lynn & Lieberson LLC Lowers Position in U.S. Bancorp (USB)
Moody Lynn & Lieberson LLC decreased its stake in shares of U.S. Bancorp (NYSE:USB) by 6.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 238,676 shares of the financial services provider’s stock after selling 15,364 shares during the period. U.S. Bancorp comprises approximately 1.7% of Moody Lynn & Lieberson LLC’s holdings, making the stock its 17th largest position. Moody Lynn & Lieberson LLC’s holdings in U.S. Bancorp were worth $12,292,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in USB. Hemenway Trust Co LLC purchased a new stake in U.S. Bancorp during the fourth quarter valued at $109,000. SRS Capital Advisors Inc. purchased a new stake in U.S. Bancorp during the fourth quarter valued at $112,000. Orrstown Financial Services Inc. raised its stake in U.S. Bancorp by 26.9% in the first quarter. Orrstown Financial Services Inc. now owns 2,240 shares of the financial services provider’s stock valued at $116,000 after buying an additional 475 shares in the last quarter. Glassman Wealth Services purchased a new stake in U.S. Bancorp during the fourth quarter valued at $116,000. Finally, Sunbelt Securities Inc. purchased a new stake in U.S. Bancorp during the fourth quarter valued at $142,000. Institutional investors own 75.51% of the company’s stock.
U.S. Bancorp (NYSE USB) opened at 50.77 on Friday. The stock has a market cap of $85.56 billion, a PE ratio of 15.38 and a beta of 0.86. The stock has a 50 day moving average price of $51.77 and a 200 day moving average price of $52.36. U.S. Bancorp has a 1-year low of $38.47 and a 1-year high of $56.61.
U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, April 19th. The financial services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.80 by $0.02. The firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.27 billion. U.S. Bancorp had a return on equity of 13.99% and a net margin of 25.86%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 EPS. On average, analysts predict that U.S. Bancorp will post $3.47 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be paid a $0.28 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $1.12 dividend on an annualized basis and a yield of 2.21%. U.S. Bancorp’s dividend payout ratio (DPR) is 33.84%.
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Several equities research analysts recently weighed in on the company. Jefferies Group LLC restated a “buy” rating and set a $59.00 price target on shares of U.S. Bancorp in a research report on Friday, June 9th. Rafferty Capital Markets lowered U.S. Bancorp from a “buy” rating to a “hold” rating and set a $53.00 price target on the stock. in a research report on Thursday, April 20th. Royal Bank Of Canada restated a “buy” rating and set a $55.00 price target on shares of U.S. Bancorp in a research report on Tuesday, April 4th. Credit Suisse Group restated a “hold” rating and set a $49.00 price target on shares of U.S. Bancorp in a research report on Wednesday, March 1st. Finally, Wells Fargo & Company lowered U.S. Bancorp from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $38.48 to $52.31 in a research report on Thursday, May 4th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. U.S. Bancorp presently has an average rating of “Hold” and a consensus price target of $50.95.
In related news, Vice Chairman Leslie V. Godridge sold 25,746 shares of the firm’s stock in a transaction on Friday, April 21st. The stock was sold at an average price of $50.62, for a total value of $1,303,262.52. Following the completion of the transaction, the insider now owns 73,857 shares in the company, valued at approximately $3,738,641.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman P.W. Parker sold 29,449 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $51.94, for a total value of $1,529,581.06. Following the completion of the transaction, the insider now owns 307,698 shares of the company’s stock, valued at approximately $15,981,834.12. The disclosure for this sale can be found here. Insiders sold a total of 69,387 shares of company stock valued at $3,573,382 in the last 90 days. 0.39% of the stock is currently owned by company insiders.
About U.S. Bancorp
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.
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