Lombard Odier Asset Management Switzerland SA Has $8.07 Million Holdings in U.S. Bancorp $USB

Lombard Odier Asset Management Switzerland SA raised its stake in U.S. Bancorp (NYSE:USB) by 81.2% in the first quarter, Holdings Channel.com reports. The firm owned 155,257 shares of the financial services provider’s stock after acquiring an additional 69,562 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in U.S. Bancorp were worth $8,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of USB. Clayton Financial Group LLC acquired a new position in shares of U.S. Bancorp during the fourth quarter valued at about $25,000. Financial Life Planners bought a new stake in shares of U.S. Bancorp in the first quarter valued at about $27,000. Main Street Group LTD acquired a new stake in U.S. Bancorp during the first quarter worth about $28,000. Rossby Financial LCC grew its position in U.S. Bancorp by 57.8% during the fourth quarter. Rossby Financial LCC now owns 579 shares of the financial services provider’s stock worth $31,000 after buying an additional 212 shares in the last quarter. Finally, NFSG Corp bought a new position in U.S. Bancorp during the first quarter valued at about $31,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Stock Up 0.9%

NYSE USB opened at $63.91 on Friday. U.S. Bancorp has a 1-year low of $43.46 and a 1-year high of $64.84. The company has a market capitalization of $99.14 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 1.05 and a beta of 0.96. The stock’s 50 day moving average is $58.89 and its two-hundred day moving average is $56.42. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.96.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, July 16th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.07. The business had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.58 billion. U.S. Bancorp had a return on equity of 13.69% and a net margin of 18.49%.During the same period in the prior year, the firm posted $1.11 EPS. Equities analysts forecast that U.S. Bancorp will post 5.22 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

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

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, EVP Venkatachari Dilip sold 34,522 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the completion of the transaction, the executive vice president directly owned 51,292 shares in the company, valued at $2,847,731.84. This represents a 40.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.21% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on USB. Royal Bank Of Canada upped their price target on U.S. Bancorp from $61.00 to $68.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Wells Fargo & Company lifted their price objective on U.S. Bancorp from $66.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Raymond James Financial started coverage on U.S. Bancorp in a research note on Wednesday, July 8th. They issued a “strong-buy” rating and a $72.00 target price for the company. DA Davidson raised their target price on U.S. Bancorp from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Finally, UBS Group lifted their price target on shares of U.S. Bancorp from $58.00 to $66.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.00.

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.