Aristotle Capital Management LLC Cuts Position in U.S. Bancorp $USB

Aristotle Capital Management LLC decreased its position in U.S. Bancorp (NYSE:USB) by 4.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,759,118 shares of the financial services provider’s stock after selling 1,059,380 shares during the quarter. U.S. Bancorp accounts for 1.9% of Aristotle Capital Management LLC’s portfolio, making the stock its 16th biggest holding. Aristotle Capital Management LLC’s holdings in U.S. Bancorp were worth $1,003,292,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of USB. Parcion Private Wealth LLC increased its position in U.S. Bancorp by 0.4% in the third quarter. Parcion Private Wealth LLC now owns 53,412 shares of the financial services provider’s stock worth $2,581,000 after purchasing an additional 218 shares during the last quarter. Modern Wealth Management LLC lifted its position in U.S. Bancorp by 1.0% during the third quarter. Modern Wealth Management LLC now owns 22,493 shares of the financial services provider’s stock valued at $1,087,000 after purchasing an additional 221 shares during the last quarter. Diversify Advisory Services LLC lifted its position in U.S. Bancorp by 4.5% during the third quarter. Diversify Advisory Services LLC now owns 5,339 shares of the financial services provider’s stock valued at $249,000 after purchasing an additional 232 shares during the last quarter. Bogart Wealth LLC grew its stake in shares of U.S. Bancorp by 4.4% in the 3rd quarter. Bogart Wealth LLC now owns 5,507 shares of the financial services provider’s stock worth $266,000 after buying an additional 234 shares in the last quarter. Finally, Hoxton Planning & Management LLC increased its holdings in shares of U.S. Bancorp by 3.4% in the 3rd quarter. Hoxton Planning & Management LLC now owns 7,021 shares of the financial services provider’s stock worth $339,000 after buying an additional 234 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on USB. Royal Bank Of Canada upped their target price on shares of U.S. Bancorp from $57.00 to $59.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Oppenheimer boosted their price objective on U.S. Bancorp from $75.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Keefe, Bruyette & Woods upped their price objective on U.S. Bancorp from $58.00 to $59.00 and gave the company a “market perform” rating in a research report on Wednesday, January 21st. HSBC reaffirmed a “buy” rating and issued a $62.00 price objective on shares of U.S. Bancorp in a research note on Wednesday, January 7th. Finally, Evercore boosted their target price on U.S. Bancorp from $60.00 to $65.00 and gave the company an “in-line” rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, U.S. Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $60.02.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $51.00 on Friday. The stock has a market cap of $79.17 billion, a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 0.91 and a beta of 1.04. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $61.19. The firm has a 50-day moving average of $55.86 and a two-hundred day moving average of $51.60.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Tuesday, January 20th. The financial services provider reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The business had revenue of $7.92 billion for the quarter, compared to analyst estimates of $7.31 billion. During the same period last year, the company posted $1.07 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.1%. The ex-dividend date is Tuesday, March 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 45.02%.

Insider Buying and Selling

In other U.S. Bancorp news, insider Mark G. Runkel sold 32,195 shares of U.S. Bancorp stock in a transaction on Friday, February 6th. The stock was sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the completion of the sale, the insider directly owned 97,728 shares of the company’s stock, valued at $5,927,203.20. The trade was a 24.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.23% of the stock is owned by insiders.

U.S. Bancorp Company Profile

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.