U.S. Bancorp $USB Shares Sold by CORDA Investment Management LLC.

CORDA Investment Management LLC. lessened its position in shares of U.S. Bancorp (NYSE:USBFree Report) by 1.5% in the first quarter, HoldingsChannel reports. The fund owned 920,704 shares of the financial services provider’s stock after selling 14,459 shares during the period. U.S. Bancorp accounts for approximately 3.3% of CORDA Investment Management LLC.’s investment portfolio, making the stock its 9th largest holding. CORDA Investment Management LLC.’s holdings in U.S. Bancorp were worth $47,886,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Paulson Wealth Management Inc. lifted its holdings in U.S. Bancorp by 2.0% during the 4th quarter. Paulson Wealth Management Inc. now owns 8,780 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 173 shares during the last quarter. Gilbert & Cook Inc. grew its holdings in U.S. Bancorp by 1.2% in the 4th quarter. Gilbert & Cook Inc. now owns 15,590 shares of the financial services provider’s stock valued at $832,000 after buying an additional 184 shares in the last quarter. Flputnam Investment Management Co. increased its position in U.S. Bancorp by 1.4% during the 4th quarter. Flputnam Investment Management Co. now owns 13,721 shares of the financial services provider’s stock worth $732,000 after buying an additional 186 shares during the period. Formidable Asset Management LLC lifted its holdings in shares of U.S. Bancorp by 0.8% during the first quarter. Formidable Asset Management LLC now owns 23,373 shares of the financial services provider’s stock worth $1,247,000 after buying an additional 186 shares in the last quarter. Finally, Genesis Private Wealth LLC boosted its position in shares of U.S. Bancorp by 2.3% in the fourth quarter. Genesis Private Wealth LLC now owns 8,348 shares of the financial services provider’s stock valued at $445,000 after acquiring an additional 187 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Buying and Selling

In other U.S. Bancorp news, insider Jodi L. Richard sold 40,000 shares of the stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the completion of the sale, the insider owned 207,251 shares of the company’s stock, valued at approximately $11,813,307. This represents a 16.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Venkatachari Dilip sold 34,522 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was 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 position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.21% of the company’s stock.

U.S. Bancorp Price Performance

Shares of NYSE:USB opened at $62.49 on Monday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.81 and a current ratio of 0.81. U.S. Bancorp has a 52 week low of $43.46 and a 52 week high of $63.39. The firm has a market cap of $96.93 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 1.07 and a beta of 0.96. The firm’s fifty day moving average is $57.18 and its 200-day moving average is $55.80.

U.S. Bancorp (NYSE:USBGet Free Report) last announced its earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.04. The business had revenue of $7.32 billion during the quarter, compared to analyst estimates of $7.27 billion. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.U.S. Bancorp’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $1.03 EPS. Sell-side analysts predict that U.S. Bancorp will post 5.11 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th. U.S. Bancorp’s payout ratio is currently 43.61%.

Key U.S. Bancorp News

Here are the key news stories impacting U.S. Bancorp this week:

Wall Street Analyst Weigh In

A number of research analysts have issued reports on USB shares. Oppenheimer decreased their target price on shares of U.S. Bancorp from $74.00 to $73.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Royal Bank Of Canada increased their price objective on shares of U.S. Bancorp from $59.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Raymond James Financial initiated coverage on shares of U.S. Bancorp in a research note on Wednesday, July 8th. They set a “strong-buy” rating and a $72.00 target price on the stock. Wall Street Zen raised U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday, July 6th. Finally, Weiss Ratings raised U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $64.31.

Check Out Our Latest Stock Analysis on USB

U.S. Bancorp Company Profile

(Free Report)

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.

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Want to see what other hedge funds are holding USB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Bancorp (NYSE:USBFree Report).

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

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