Chicago Equity Partners LLC Cuts Holdings in U.S. Bancorp (USB)

Chicago Equity Partners LLC decreased its holdings in shares of U.S. Bancorp (NYSE:USB) by 37.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 11,025 shares of the financial services provider’s stock after selling 6,620 shares during the period. Chicago Equity Partners LLC’s holdings in U.S. Bancorp were worth $591,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of USB. EFG Asset Management Americas Corp. grew its position in shares of U.S. Bancorp by 7.9% in the 1st quarter. EFG Asset Management Americas Corp. now owns 42,112 shares of the financial services provider’s stock worth $2,169,000 after buying an additional 3,096 shares during the last quarter. IFM Investors Pty Ltd grew its position in shares of U.S. Bancorp by 57.4% in the 1st quarter. IFM Investors Pty Ltd now owns 34,632 shares of the financial services provider’s stock worth $1,784,000 after buying an additional 12,631 shares during the last quarter. Cornerstone Capital Management Holdings LLC. grew its position in shares of U.S. Bancorp by 37.3% in the 1st quarter. Cornerstone Capital Management Holdings LLC. now owns 570,219 shares of the financial services provider’s stock worth $29,365,000 after buying an additional 154,790 shares during the last quarter. Vident Investment Advisory LLC purchased a new position in shares of U.S. Bancorp in the 1st quarter worth approximately $292,000. Finally, Venturi Wealth Management LLC purchased a new position in shares of U.S. Bancorp in the 1st quarter worth approximately $506,000. 73.95% of the stock is currently owned by institutional investors and hedge funds.

Shares of U.S. Bancorp (NYSE USB) opened at $54.46 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. U.S. Bancorp has a 12 month low of $49.53 and a 12 month high of $56.61. The company has a market cap of $90,492.04, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 2.12 and a beta of 0.85.

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

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

A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Instinet cut shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $57.00 to $55.00 in a research note on Thursday, September 28th. Robert W. Baird reiterated a “hold” rating and issued a $48.00 target price on shares of U.S. Bancorp in a research note on Friday, October 6th. UBS Group cut shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $58.00 to $60.00 in a research note on Tuesday, December 12th. Finally, Nomura lifted their target price on shares of U.S. Bancorp from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, October 23rd. Three investment 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. The stock presently has an average rating of “Hold” and an average target price of $54.73.

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U.S. Bancorp Company Profile

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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