Tortoise Investment Management LLC reduced its holdings in U.S. Bancorp (NYSE:USB) by 30.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,066 shares of the financial services provider’s stock after selling 475 shares during the quarter. Tortoise Investment Management LLC’s holdings in U.S. Bancorp were worth $63,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Fiera Capital Corp boosted its holdings in shares of U.S. Bancorp by 13.3% in the fourth quarter. Fiera Capital Corp now owns 11,177,109 shares of the financial services provider’s stock worth $662,691,000 after buying an additional 1,312,268 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of U.S. Bancorp by 1.0% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,888,418 shares of the financial services provider’s stock worth $349,124,000 after purchasing an additional 55,609 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of U.S. Bancorp by 6.7% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 5,287,171 shares of the financial services provider’s stock worth $292,592,000 after purchasing an additional 330,313 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of U.S. Bancorp by 4.7% in the 4th quarter. California Public Employees Retirement System now owns 4,625,842 shares of the financial services provider’s stock worth $274,266,000 after purchasing an additional 209,723 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of U.S. Bancorp by 1.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,606,661 shares of the financial services provider’s stock worth $273,130,000 after purchasing an additional 43,606 shares during the last quarter. 74.99% of the stock is currently owned by institutional investors and hedge funds.

USB traded down $0.07 during trading hours on Friday, hitting $55.11. The company’s stock had a trading volume of 365,488 shares, compared to its average volume of 6,257,966. U.S. Bancorp has a fifty-two week low of $47.57 and a fifty-two week high of $61.11. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $86.18 billion, a PE ratio of 13.32, a PEG ratio of 2.09 and a beta of 1.10. The company has a 50-day simple moving average of $56.04 and a 200 day simple moving average of $56.12.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.08 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.08. The business had revenue of $5.92 billion during the quarter, compared to analysts’ expectations of $5.78 billion. U.S. Bancorp had a net margin of 25.30% and a return on equity of 15.23%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 EPS. Research analysts expect that U.S. Bancorp will post 4.36 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend was Monday, December 30th. U.S. Bancorp’s payout ratio is 38.71%.

Several analysts recently issued reports on USB shares. UBS Group cut their price target on U.S. Bancorp from $60.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. Goldman Sachs Group downgraded U.S. Bancorp from a “neutral” rating to a “sell” rating and set a $55.00 price target on the stock. in a report on Monday, January 6th. Zacks Investment Research raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Tuesday, December 10th. Credit Suisse Group downgraded U.S. Bancorp from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $55.00 to $52.00 in a report on Tuesday, January 21st. Finally, Morgan Stanley cut their price target on U.S. Bancorp from $62.00 to $61.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. U.S. Bancorp currently has a consensus rating of “Hold” and an average price target of $58.97.

In other U.S. Bancorp news, insider Leslie V. Godridge sold 26,084 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $59.06, for a total value of $1,540,521.04. Following the transaction, the insider now directly owns 65,414 shares in the company, valued at $3,863,350.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP James L. Chosy sold 12,356 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $59.93, for a total transaction of $740,495.08. Following the completion of the transaction, the executive vice president now owns 102,286 shares in the company, valued at $6,129,999.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,040 shares of company stock worth $2,435,248. Corporate insiders own 0.24% of the company’s stock.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

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

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