Mitsubishi UFJ Trust & Banking Corp Sells 87,336 Shares of U.S. Bancorp $USB

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of U.S. Bancorp (NYSE:USB) by 9.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 866,318 shares of the financial services provider’s stock after selling 87,336 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of U.S. Bancorp worth $41,869,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Chemung Canal Trust Co. increased its position in shares of U.S. Bancorp by 205.5% in the 3rd quarter. Chemung Canal Trust Co. now owns 68,327 shares of the financial services provider’s stock valued at $3,302,000 after buying an additional 45,963 shares in the last quarter. Synergy Asset Management LLC grew its stake in U.S. Bancorp by 100.0% in the third quarter. Synergy Asset Management LLC now owns 119,962 shares of the financial services provider’s stock valued at $5,428,000 after acquiring an additional 59,981 shares during the period. Andra AP fonden increased its holdings in shares of U.S. Bancorp by 175.6% in the second quarter. Andra AP fonden now owns 458,400 shares of the financial services provider’s stock worth $20,743,000 after acquiring an additional 292,100 shares in the last quarter. Cardinal Capital Management Inc. increased its holdings in shares of U.S. Bancorp by 698.5% in the third quarter. Cardinal Capital Management Inc. now owns 243,101 shares of the financial services provider’s stock worth $11,749,000 after acquiring an additional 212,655 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its position in shares of U.S. Bancorp by 6.6% during the third quarter. DAVENPORT & Co LLC now owns 214,901 shares of the financial services provider’s stock worth $10,386,000 after purchasing an additional 13,280 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on USB. Barclays increased their target price on U.S. Bancorp from $56.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Morgan Stanley reissued a “positive” rating on shares of U.S. Bancorp in a research report on Friday, October 17th. Keefe, Bruyette & Woods raised their price objective on shares of U.S. Bancorp from $58.00 to $59.00 and gave the stock a “market perform” rating in a report on Wednesday. The Goldman Sachs Group set a $52.00 target price on shares of U.S. Bancorp and gave the stock a “neutral” rating in a research note on Friday, October 17th. Finally, TD Cowen increased their target price on U.S. Bancorp from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, U.S. Bancorp has an average rating of “Moderate Buy” and a consensus price target of $58.19.

U.S. Bancorp Stock Down 1.2%

Shares of USB stock opened at $55.50 on Monday. The firm’s fifty day moving average price is $52.57 and its two-hundred day moving average price is $49.11. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $56.70. The firm has a market capitalization of $86.27 billion, a P/E ratio of 12.01, a PEG ratio of 1.00 and a beta of 1.07.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.07. The company had revenue of $7.92 billion during the quarter, compared to analysts’ expectations of $7.31 billion. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.U.S. Bancorp’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.07 EPS. On average, equities analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Wednesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is currently 45.02%.

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.