U.S. Bancorp $USB Shares Sold by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC lowered its holdings in U.S. Bancorp (NYSE:USB) by 97.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,167 shares of the financial services provider’s stock after selling 648,106 shares during the period. Clarkston Capital Partners LLC’s holdings in U.S. Bancorp were worth $893,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Paulson Wealth Management Inc. boosted its holdings in U.S. Bancorp by 2.0% in the fourth quarter. Paulson Wealth Management Inc. now owns 8,780 shares of the financial services provider’s stock valued at $469,000 after acquiring an additional 173 shares during the last quarter. Flputnam Investment Management Co. raised its holdings in shares of U.S. Bancorp by 1.4% in the 4th quarter. Flputnam Investment Management Co. now owns 13,721 shares of the financial services provider’s stock worth $732,000 after purchasing an additional 186 shares during the period. Formidable Asset Management LLC lifted its stake in shares of U.S. Bancorp by 0.8% in the 1st quarter. Formidable Asset Management LLC now owns 23,373 shares of the financial services provider’s stock valued at $1,247,000 after purchasing an additional 186 shares in the last quarter. Balboa Wealth Partners lifted its stake in shares of U.S. Bancorp by 4.0% in the 1st quarter. Balboa Wealth Partners now owns 4,920 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 188 shares in the last quarter. Finally, Richmond Investment Services LLC grew its holdings in shares of U.S. Bancorp by 1.9% during the 4th quarter. Richmond Investment Services LLC now owns 10,107 shares of the financial services provider’s stock worth $539,000 after purchasing an additional 192 shares during the period. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other U.S. Bancorp news, EVP Venkatachari Dilip sold 34,522 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total value of $1,916,661.44. Following the sale, the executive vice president directly owned 51,292 shares in the company, valued at $2,847,731.84. This trade represents a 40.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.21% of the stock is currently owned by insiders.

U.S. Bancorp Trading Down 1.8%

Shares of NYSE:USB opened at $63.28 on Friday. U.S. Bancorp has a 12-month low of $43.46 and a 12-month high of $64.84. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $98.16 billion, a P/E ratio of 12.63, a price-to-earnings-growth ratio of 1.06 and a beta of 0.96. The firm has a fifty day moving average of $58.68 and a two-hundred day moving average of $56.37.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data 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 firm had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.58 billion. U.S. Bancorp had a net margin of 18.49% and a return on equity of 13.69%. During the same period in the prior year, the company posted $1.11 earnings per share. On average, equities analysts expect that U.S. Bancorp will post 5.22 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

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

Wall Street Analysts Forecast Growth

USB has been the subject of several recent research reports. CLSA set a $67.50 price objective on shares of U.S. Bancorp in a research report on Monday. Wall Street Zen upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday, July 6th. UBS Group raised their price objective on U.S. Bancorp from $58.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, July 7th. Jefferies Financial Group upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $60.00 to $75.00 in a research note on Monday, July 6th. Finally, Raymond James Financial began coverage on U.S. Bancorp in a research report on Wednesday, July 8th. They issued a “strong-buy” rating and a $72.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company 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.