Boston Trust Walden Corp Trims Position in U.S. Bancorp (NYSE:USB)

Boston Trust Walden Corp decreased its position in shares of U.S. Bancorp (NYSE:USB) by 1.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 185,029 shares of the financial services provider’s stock after selling 3,547 shares during the period. Boston Trust Walden Corp’s holdings in U.S. Bancorp were worth $8,850,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of USB. Natixis Advisors LLC lifted its holdings in shares of U.S. Bancorp by 16.6% in the third quarter. Natixis Advisors LLC now owns 401,232 shares of the financial services provider’s stock worth $18,348,000 after buying an additional 56,990 shares in the last quarter. International Assets Investment Management LLC bought a new stake in U.S. Bancorp in the 4th quarter valued at $1,018,000. M&T Bank Corp lifted its stake in U.S. Bancorp by 2.8% in the 3rd quarter. M&T Bank Corp now owns 846,344 shares of the financial services provider’s stock worth $38,704,000 after purchasing an additional 22,803 shares in the last quarter. Hilltop Holdings Inc. boosted its holdings in shares of U.S. Bancorp by 184.3% during the 3rd quarter. Hilltop Holdings Inc. now owns 70,283 shares of the financial services provider’s stock valued at $3,214,000 after purchasing an additional 45,560 shares during the last quarter. Finally, Keystone Financial Planning Inc. grew its position in shares of U.S. Bancorp by 29.5% during the fourth quarter. Keystone Financial Planning Inc. now owns 72,614 shares of the financial services provider’s stock valued at $3,473,000 after purchasing an additional 16,552 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $46.89 on Tuesday. The stock has a market cap of $73.15 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 1.77 and a beta of 1.04. The firm has a 50-day moving average of $49.71 and a two-hundred day moving average of $47.39. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The company had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $7 billion. During the same quarter in the prior year, the firm earned $0.99 earnings per share. U.S. Bancorp’s revenue was up 3.7% compared to the same quarter last year. On average, research analysts forecast that U.S. Bancorp will post 4.37 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.27%. U.S. Bancorp’s payout ratio is currently 52.77%.

Analysts Set New Price Targets

A number of equities analysts recently commented on USB shares. Evercore ISI increased their price target on U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Morgan Stanley cut their target price on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Barclays upped their price target on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Royal Bank of Canada set a $53.00 price objective on shares of U.S. Bancorp in a research note on Thursday, October 17th. Finally, Oppenheimer increased their price target on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.21.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.