US Bancorp (NYSE:USB) is CORDA Investment Management LLC.’s 10th Largest Position

WINTON GROUP Ltd raised its stake in shares of U.S. Bancorp by 48.4% during the second quarter. WINTON GROUP Ltd now owns 485,780 shares …

U.S. Bancorp logoCORDA Investment Management LLC. raised its position in U.S. Bancorp (NYSE:USB) by 5.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 441,179 shares of the financial services provider’s stock after buying an additional 22,195 shares during the quarter. U.S. Bancorp makes up approximately 2.7% of CORDA Investment Management LLC.’s portfolio, making the stock its 10th biggest position. CORDA Investment Management LLC.’s holdings in U.S. Bancorp were worth $24,414,000 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. Buckingham Capital Management Inc. raised its stake in shares of U.S. Bancorp by 1.9% during the first quarter. Buckingham Capital Management Inc. now owns 55,519 shares of the financial services provider’s stock worth $2,675,000 after purchasing an additional 1,015 shares during the last quarter. Bath Savings Trust Co raised its stake in shares of U.S. Bancorp by 11.5% during the second quarter. Bath Savings Trust Co now owns 12,650 shares of the financial services provider’s stock worth $663,000 after purchasing an additional 1,300 shares during the last quarter. Daily Journal Corp raised its stake in shares of U.S. Bancorp by 9,900.0% during the second quarter. Daily Journal Corp now owns 14,000,000 shares of the financial services provider’s stock worth $7,336,000 after purchasing an additional 13,860,000 shares during the last quarter. WINTON GROUP Ltd raised its stake in shares of U.S. Bancorp by 48.4% during the second quarter. WINTON GROUP Ltd now owns 485,780 shares of the financial services provider’s stock worth $25,455,000 after purchasing an additional 158,439 shares during the last quarter. Finally, Douglas Lane & Associates LLC raised its stake in shares of U.S. Bancorp by 1.2% during the second quarter. Douglas Lane & Associates LLC now owns 1,555,688 shares of the financial services provider’s stock worth $81,518,000 after purchasing an additional 18,883 shares during the last quarter. Institutional investors own 75.52% of the company’s stock.

Shares of USB stock opened at $57.02 on Friday. The business’s fifty day moving average price is $55.19 and its 200 day moving average price is $53.33. U.S. Bancorp has a 1-year low of $43.14 and a 1-year high of $57.81. The firm has a market capitalization of $90.36 billion, a PE ratio of 13.91, a P/E/G ratio of 2.21 and a beta of 1.10. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.83 and a quick ratio of 0.82.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.04. U.S. Bancorp had a return on equity of 15.39% and a net margin of 26.54%. The firm had revenue of $5.92 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same quarter in the prior year, the company posted $1.06 earnings per share. U.S. Bancorp’s quarterly revenue was up 3.9% on a year-over-year basis. Equities research analysts expect that U.S. Bancorp will post 4.33 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.42 dividend. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.37. The ex-dividend date was Friday, September 27th. This represents a $1.68 annualized dividend and a yield of 2.95%. U.S. Bancorp’s dividend payout ratio is 40.98%.

Several equities research analysts have recently commented on the company. UBS Group upped their price target on U.S. Bancorp from $56.00 to $58.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Wedbush upped their price target on U.S. Bancorp from $46.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. Piper Jaffray Companies set a $59.00 price target on U.S. Bancorp and gave the stock a “buy” rating in a research note on Friday, September 13th. Macquarie lowered U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $59.00 price objective on the stock. in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. raised U.S. Bancorp from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $52.50 to $57.00 in a report on Wednesday, July 31st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. U.S. Bancorp has a consensus rating of “Hold” and an average target price of $56.60.

In other U.S. Bancorp news, insider Gillern Jeffry H. Von sold 5,357 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $56.67, for a total value of $303,581.19. Following the sale, the insider now owns 89,301 shares of the company’s stock, valued at $5,060,687.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David B. Omaley sold 10,133 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $55.76, for a total value of $565,016.08. Following the completion of the sale, the director now directly owns 191,754 shares in the company, valued at approximately $10,692,203.04. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

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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