U.S. Bancorp (NYSE:USB) Shares Sold by CORDA Investment Management LLC.

CORDA Investment Management LLC. trimmed its holdings in U.S. Bancorp (NYSE:USB) by 1.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 651,224 shares of the financial services provider’s stock after selling 6,768 shares during the period. U.S. Bancorp comprises approximately 3.3% of CORDA Investment Management LLC.’s holdings, making the stock its 6th largest holding. CORDA Investment Management LLC.’s holdings in U.S. Bancorp were worth $36,019,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. 6 Meridian acquired a new position in U.S. Bancorp in the first quarter worth about $3,221,000. Park Avenue Securities LLC raised its position in shares of U.S. Bancorp by 337.8% during the 1st quarter. Park Avenue Securities LLC now owns 60,305 shares of the financial services provider’s stock valued at $3,335,000 after acquiring an additional 46,532 shares in the last quarter. Boston Trust Walden Corp raised its position in shares of U.S. Bancorp by 28.3% during the 1st quarter. Boston Trust Walden Corp now owns 1,659,254 shares of the financial services provider’s stock valued at $91,773,000 after acquiring an additional 366,435 shares in the last quarter. BOKF NA lifted its stake in U.S. Bancorp by 6.9% during the first quarter. BOKF NA now owns 197,155 shares of the financial services provider’s stock worth $10,905,000 after purchasing an additional 12,690 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in U.S. Bancorp by 6.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 156,057 shares of the financial services provider’s stock valued at $8,632,000 after purchasing an additional 9,941 shares during the last quarter. Institutional investors own 74.31% of the company’s stock.

In related news, insider Katherine B. Quinn sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 18th. The shares were sold at an average price of $61.47, for a total value of $1,536,750.00. Also, CEO Andrew Cecere sold 184,187 shares of the stock in a transaction that occurred on Thursday, April 22nd. The shares were sold at an average price of $56.48, for a total transaction of $10,402,881.76. Following the sale, the chief executive officer now directly owns 1,037,110 shares of the company’s stock, valued at $58,575,972.80. The disclosure for this sale can be found here. Insiders sold a total of 312,153 shares of company stock worth $18,005,134 in the last three months. Company insiders own 0.23% of the company’s stock.

USB has been the subject of several research reports. Citigroup lifted their price target on shares of U.S. Bancorp from $63.00 to $65.00 in a report on Wednesday, April 21st. Deutsche Bank Aktiengesellschaft upped their target price on U.S. Bancorp from $55.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, April 1st. JPMorgan Chase & Co. raised their price target on U.S. Bancorp from $60.00 to $64.50 and gave the stock an “overweight” rating in a report on Monday, May 3rd. Jefferies Financial Group upped their price objective on U.S. Bancorp from $55.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, April 9th. Finally, Compass Point raised their target price on U.S. Bancorp from $59.00 to $61.00 and gave the company a “neutral” rating in a research note on Tuesday, May 18th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $60.10.

USB traded up $0.12 on Friday, reaching $58.73. The company had a trading volume of 52,167 shares, compared to its average volume of 7,308,708. The stock has a market cap of $87.49 billion, a P/E ratio of 15.42, a P/E/G ratio of 2.20 and a beta of 1.16. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.76 and a quick ratio of 0.74. The firm has a fifty day moving average of $59.16. U.S. Bancorp has a one year low of $34.01 and a one year high of $62.47.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, April 14th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.49. U.S. Bancorp had a net margin of 24.16% and a return on equity of 12.52%. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.53 billion. During the same period last year, the firm posted $0.72 earnings per share. The business’s revenue was down 5.2% on a year-over-year basis. Sell-side analysts forecast that U.S. Bancorp will post 4.57 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 15th. Stockholders of record on Wednesday, March 31st were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.86%. The ex-dividend date was Tuesday, March 30th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 54.90%.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments. The company offers depository services, including checking accounts, savings accounts, and time certificate contracts; lending services, such as traditional credit products; and credit card services, lease financing and import/export trade, asset-backed lending, agricultural finance, and other products.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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