U.S. Bancorp $USB Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lowered its stake in shares of U.S. Bancorp (NYSE:USB) by 5.7% in the first quarter, HoldingsChannel reports. The fund owned 1,651,944 shares of the financial services provider’s stock after selling 99,124 shares during the quarter. Epoch Investment Partners Inc.’s holdings in U.S. Bancorp were worth $85,918,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bollard Group LLC grew its holdings in U.S. Bancorp by 18.2% in the first quarter. Bollard Group LLC now owns 15,900 shares of the financial services provider’s stock valued at $827,000 after purchasing an additional 2,453 shares during the period. Morningstar Investment Management LLC raised its stake in U.S. Bancorp by 6.2% during the first quarter. Morningstar Investment Management LLC now owns 107,519 shares of the financial services provider’s stock worth $5,592,000 after purchasing an additional 6,250 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of U.S. Bancorp by 0.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 635,303 shares of the financial services provider’s stock valued at $33,042,000 after purchasing an additional 3,672 shares during the last quarter. Modern Wealth Management LLC boosted its holdings in shares of U.S. Bancorp by 16.5% in the 1st quarter. Modern Wealth Management LLC now owns 43,143 shares of the financial services provider’s stock valued at $2,276,000 after purchasing an additional 6,111 shares during the last quarter. Finally, Inceptionr LLC grew its stake in shares of U.S. Bancorp by 50.6% during the 1st quarter. Inceptionr LLC now owns 41,582 shares of the financial services provider’s stock valued at $2,163,000 after buying an additional 13,968 shares during the period. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Stock Performance

U.S. Bancorp stock opened at $63.91 on Friday. The stock’s 50 day moving average price is $58.89 and its 200 day moving average price is $56.42. The firm has a market capitalization of $99.14 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.82 and a current ratio of 0.83. U.S. Bancorp has a one year low of $43.46 and a one year high of $64.84.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Thursday, July 16th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.07. The company had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.58 billion. U.S. Bancorp had a net margin of 18.49% and a return on equity of 13.69%. During the same quarter last year, the company earned $1.11 earnings per share. As a group, sell-side analysts expect that U.S. Bancorp will post 5.22 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.52 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. U.S. Bancorp’s dividend payout ratio is 41.52%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. raised U.S. Bancorp from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $65.00 to $67.50 in a research report on Monday, July 20th. Keefe, Bruyette & Woods upped their price target on U.S. Bancorp from $63.00 to $66.00 and gave the stock a “market perform” rating in a research note on Friday, July 17th. Barclays raised their price objective on U.S. Bancorp from $67.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. BTIG Research set a $67.50 target price on U.S. Bancorp in a report on Monday. Finally, Evercore raised shares of U.S. Bancorp from an “in-line” rating to an “outperform” rating and set a $72.00 target price for the company in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

Insiders Place Their Bets

In related news, EVP Venkatachari Dilip sold 34,522 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the completion of the sale, the executive vice president directly owned 51,292 shares of the company’s stock, valued at approximately $2,847,731.84. This trade represents a 40.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.21% of the company’s stock.

U.S. Bancorp Profile

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.