Logan Capital Management Inc. Has $11.41 Million Stake in U.S. Bancorp (NYSE:USB)

Logan Capital Management Inc. lessened its position in U.S. Bancorp (NYSE:USB) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 238,553 shares of the financial services provider’s stock after selling 1,312 shares during the period. Logan Capital Management Inc.’s holdings in U.S. Bancorp were worth $11,410,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of USB. Norges Bank bought a new stake in shares of U.S. Bancorp in the fourth quarter worth $777,524,000. Invesco Ltd. lifted its stake in shares of U.S. Bancorp by 48.1% in the fourth quarter. Invesco Ltd. now owns 16,787,513 shares of the financial services provider’s stock worth $802,947,000 after acquiring an additional 5,449,949 shares during the period. Marshall Wace LLP boosted its holdings in U.S. Bancorp by 414.1% in the fourth quarter. Marshall Wace LLP now owns 5,789,565 shares of the financial services provider’s stock valued at $276,915,000 after acquiring an additional 4,663,518 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in U.S. Bancorp during the 4th quarter valued at approximately $184,733,000. Finally, FMR LLC raised its holdings in U.S. Bancorp by 5.0% during the 4th quarter. FMR LLC now owns 67,125,746 shares of the financial services provider’s stock worth $3,210,624,000 after purchasing an additional 3,211,815 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Price Performance

USB opened at $42.01 on Monday. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The company’s 50-day simple moving average is $40.71 and its two-hundred day simple moving average is $46.12. The stock has a market capitalization of $65.45 billion, a P/E ratio of 11.08, a P/E/G ratio of 1.73 and a beta of 0.97.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.06. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. During the same period in the previous year, the company posted $0.78 EPS. As a group, analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.76%. The ex-dividend date was Monday, March 31st. U.S. Bancorp’s payout ratio is currently 49.50%.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 21st. The stock was purchased at an average cost of $37.32 per share, with a total value of $186,600.00. Following the completion of the acquisition, the director now owns 15,000 shares in the company, valued at $559,800. This trade represents a 50.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on USB shares. Citigroup decreased their price objective on shares of U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Oppenheimer lifted their price objective on U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th. Royal Bank of Canada dropped their price objective on U.S. Bancorp from $57.00 to $50.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th. The Goldman Sachs Group lowered their target price on U.S. Bancorp from $51.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $43.50 price objective (down previously from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy 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 $50.48.

U.S. Bancorp Profile

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.