Logan Capital Management Inc. Has $7.79 Million Stake in U.S. Bancorp $USB

Logan Capital Management Inc. reduced its position in U.S. Bancorp (NYSE:USB) by 6.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 145,992 shares of the financial services provider’s stock after selling 10,145 shares during the quarter. Logan Capital Management Inc.’s holdings in U.S. Bancorp were worth $7,790,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in USB. Clayton Financial Group LLC acquired a new stake in shares of U.S. Bancorp in the 4th quarter valued at $25,000. Financial Life Planners bought a new stake in shares of U.S. Bancorp during the 3rd quarter worth $25,000. JPL Wealth Management LLC bought a new stake in shares of U.S. Bancorp during the 3rd quarter worth $28,000. Westfuller Advisors LLC boosted its stake in U.S. Bancorp by 54.7% in the fourth quarter. Westfuller Advisors LLC now owns 608 shares of the financial services provider’s stock valued at $33,000 after buying an additional 215 shares in the last quarter. Finally, Binnacle Investments Inc boosted its stake in U.S. Bancorp by 77.8% in the third quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock valued at $30,000 after buying an additional 273 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at U.S. Bancorp

In other news, insider Jodi L. Richard sold 40,000 shares of U.S. Bancorp stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the transaction, the insider owned 207,251 shares in the company, valued at approximately $11,813,307. The trade was a 16.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Venkatachari Dilip sold 34,522 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total value of $1,916,661.44. Following the completion of the sale, the executive vice president owned 51,292 shares of the company’s stock, valued at $2,847,731.84. The trade was a 40.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is currently owned by company insiders.

U.S. Bancorp Stock Performance

NYSE:USB opened at $57.66 on Friday. The stock’s 50-day moving average is $55.12 and its 200-day moving average is $54.50. U.S. Bancorp has a 1-year low of $42.55 and a 1-year high of $61.19. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03. The stock has a market cap of $89.44 billion, a P/E ratio of 12.09, a price-to-earnings-growth ratio of 1.02 and a beta of 0.97.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The business had revenue of $7.32 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same quarter last year, the business earned $1.03 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. Equities research analysts anticipate that U.S. Bancorp will post 5.09 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on USB shares. DA Davidson restated a “buy” rating and issued a $65.00 price target on shares of U.S. Bancorp in a research note on Friday, April 17th. Weiss Ratings upgraded shares of U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Morgan Stanley set a $64.00 target price on shares of U.S. Bancorp in a research report on Friday, April 17th. Wall Street Zen cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Finally, Royal Bank Of Canada increased their price target on U.S. Bancorp from $59.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $61.20.

About U.S. Bancorp

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.