Bbva Compass Bancshares Inc. Cuts Holdings in U.S. Bancorp (USB)

Bbva Compass Bancshares Inc. lowered its position in U.S. Bancorp (NYSE:USB) by 4.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,143 shares of the financial services provider’s stock after selling 4,959 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in U.S. Bancorp were worth $6,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Howland Capital Management LLC lifted its position in U.S. Bancorp by 23.0% in the third quarter. Howland Capital Management LLC now owns 76,486 shares of the financial services provider’s stock valued at $4,099,000 after purchasing an additional 14,288 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in U.S. Bancorp by 6.3% in the third quarter. Canada Pension Plan Investment Board now owns 2,866,820 shares of the financial services provider’s stock valued at $153,633,000 after purchasing an additional 171,100 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in U.S. Bancorp by 17.1% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 56,285 shares of the financial services provider’s stock valued at $3,016,000 after purchasing an additional 8,201 shares during the last quarter. Brightworth bought a new stake in U.S. Bancorp in the third quarter valued at approximately $5,528,000. Finally, Ironwood Investment Counsel LLC lifted its position in U.S. Bancorp by 6.1% in the third quarter. Ironwood Investment Counsel LLC now owns 97,607 shares of the financial services provider’s stock valued at $5,231,000 after purchasing an additional 5,620 shares during the last quarter. 73.95% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp (NYSE USB) opened at $54.53 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 0.83. The company has a market capitalization of $90,043.98, a P/E ratio of 16.10, a P/E/G ratio of 2.11 and a beta of 0.85. U.S. Bancorp has a twelve month low of $49.53 and a twelve month high of $56.61.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.88. The business had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.60 billion. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.84 earnings per share. research analysts expect that U.S. Bancorp will post 3.42 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a $0.30 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.20 dividend on an annualized basis and a yield of 2.20%. U.S. Bancorp’s dividend payout ratio (DPR) is 35.61%.

Several analysts have weighed in on USB shares. Jefferies Group reiterated a “buy” rating and issued a $62.00 price objective on shares of U.S. Bancorp in a research report on Thursday, October 12th. Oppenheimer restated a “hold” rating on shares of U.S. Bancorp in a report on Thursday, October 19th. Robert W. Baird restated a “hold” rating and set a $48.00 target price on shares of U.S. Bancorp in a report on Tuesday, September 5th. Zacks Investment Research upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday, October 9th. Finally, Citigroup restated a “neutral” rating and set a $58.00 target price (up previously from $53.00) on shares of U.S. Bancorp in a report on Monday, October 9th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. U.S. Bancorp has an average rating of “Hold” and an average target price of $54.73.

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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.

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

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