U.S. Bancorp (USB) Shares Sold by Arizona State Retirement System

Arizona State Retirement System lowered its stake in U.S. Bancorp (NYSE:USB) by 0.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 488,195 shares of the financial services provider’s stock after selling 1,617 shares during the quarter. Arizona State Retirement System’s holdings in U.S. Bancorp were worth $25,782,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA lifted its holdings in U.S. Bancorp by 0.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 41,034,263 shares of the financial services provider’s stock valued at $2,052,534,000 after acquiring an additional 124,650 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in U.S. Bancorp by 15.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 15,867,860 shares of the financial services provider’s stock valued at $793,710,000 after acquiring an additional 2,071,326 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in U.S. Bancorp by 8.5% in the 2nd quarter. Janus Henderson Group PLC now owns 12,146,468 shares of the financial services provider’s stock valued at $607,565,000 after acquiring an additional 946,517 shares during the last quarter. American Century Companies Inc. lifted its holdings in U.S. Bancorp by 1.9% in the 2nd quarter. American Century Companies Inc. now owns 10,220,827 shares of the financial services provider’s stock valued at $511,246,000 after acquiring an additional 186,828 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in U.S. Bancorp by 2.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 5,861,928 shares of the financial services provider’s stock valued at $293,214,000 after acquiring an additional 132,854 shares during the last quarter. 74.50% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have weighed in on USB. CIBC raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating in a report on Thursday, October 18th. ValuEngine downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. Zacks Investment Research raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Friday, October 12th. Macquarie raised shares of U.S. Bancorp from a “neutral” rating to an “outperform” rating and upped their price target for the company from $56.00 to $62.00 in a report on Wednesday, October 10th. Finally, UBS Group set a $56.00 price target on shares of U.S. Bancorp and gave the company a “hold” rating in a report on Monday, October 22nd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $59.36.

In other news, Vice Chairman Gillern Jeffry H. Von sold 17,508 shares of the company’s stock in a transaction dated Wednesday, October 24th. The stock was sold at an average price of $50.81, for a total value of $889,581.48. Following the transaction, the insider now owns 121,137 shares in the company, valued at approximately $6,154,970.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Terrance R. Dolan sold 15,524 shares of the company’s stock in a transaction dated Thursday, October 18th. The shares were sold at an average price of $52.91, for a total value of $821,374.84. Following the completion of the transaction, the insider now owns 124,086 shares in the company, valued at approximately $6,565,390.26. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by corporate insiders.

USB stock opened at $51.56 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.91. U.S. Bancorp has a one year low of $48.49 and a one year high of $58.50. The stock has a market cap of $82.93 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 1.66 and a beta of 0.98.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.02. U.S. Bancorp had a net margin of 27.53% and a return on equity of 15.14%. The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.68 billion. During the same period in the prior year, the firm earned $0.88 earnings per share. The business’s quarterly revenue was up 1.6% on a year-over-year basis. Sell-side analysts predict that U.S. Bancorp will post 4.1 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were paid a dividend of $0.37 per share. The ex-dividend date was Thursday, September 27th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.30. This represents a $1.48 dividend on an annualized basis and a yield of 2.87%. U.S. Bancorp’s dividend payout ratio is currently 43.27%.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through 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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