Trillium Asset Management LLC trimmed its holdings in shares of U.S. Bancorp (NYSE:USB) by 10.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,932 shares of the financial services provider’s stock after selling 460 shares during the period. Trillium Asset Management LLC’s holdings in U.S. Bancorp were worth $204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of USB. State Street Corp lifted its position in shares of U.S. Bancorp by 1.2% during the first quarter. State Street Corp now owns 75,509,050 shares of the financial services provider’s stock valued at $3,888,995,000 after buying an additional 903,504 shares during the last quarter. New England Asset Management Inc. lifted its position in shares of U.S. Bancorp by 52.5% during the first quarter. New England Asset Management Inc. now owns 26,571,846 shares of the financial services provider’s stock valued at $1,368,451,000 after buying an additional 9,150,126 shares during the last quarter. US Bancorp DE lifted its position in shares of U.S. Bancorp by 1.9% during the second quarter. US Bancorp DE now owns 14,157,826 shares of the financial services provider’s stock valued at $735,074,000 after buying an additional 259,093 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of U.S. Bancorp by 1.3% during the first quarter. First Eagle Investment Management LLC now owns 11,507,504 shares of the financial services provider’s stock valued at $592,636,000 after buying an additional 152,202 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in shares of U.S. Bancorp by 2.9% during the first quarter. Legal & General Group Plc now owns 8,251,609 shares of the financial services provider’s stock valued at $424,985,000 after buying an additional 231,478 shares during the last quarter. Institutional investors own 73.97% of the company’s stock.

Several research firms have commented on USB. Wells Fargo & Company began coverage on shares of U.S. Bancorp in a research report on Wednesday, August 9th. They set a “market perform” rating and a $56.00 price target for the company. Jefferies Group LLC reissued a “buy” rating and set a $62.00 price target on shares of U.S. Bancorp in a research report on Thursday. BidaskClub lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Bank of America Corporation lowered shares of U.S. Bancorp from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $56.00 to $54.00 in a research report on Monday, October 2nd. Finally, Instinet lowered shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and decreased their price target for the company from $57.00 to $55.00 in a research report on Thursday, September 28th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. U.S. Bancorp currently has an average rating of “Hold” and an average price target of $53.56.

U.S. Bancorp (USB) opened at 53.99 on Friday. U.S. Bancorp has a 12 month low of $42.52 and a 12 month high of $56.61. The stock has a market capitalization of $90.31 billion, a price-to-earnings ratio of 16.31 and a beta of 0.87. The company has a 50 day moving average of $52.59 and a 200 day moving average of $52.04.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.01. U.S. Bancorp had a return on equity of 13.85% and a net margin of 25.60%. The business had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.46 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities analysts predict that U.S. Bancorp will post $3.42 EPS for the current year.

U.S. Bancorp announced that its board has approved a stock buyback program on Wednesday, June 28th that authorizes the company to buyback $2.60 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.28. U.S. Bancorp’s dividend payout ratio is 36.04%.

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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.

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

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