Vaughan David Investments LLC IL Has $33.96 Million Holdings in U.S. Bancorp (NYSE:USB)

Vaughan David Investments LLC IL increased its holdings in shares of U.S. Bancorp (NYSE:USBFree Report) by 11.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 784,645 shares of the financial services provider’s stock after purchasing an additional 78,031 shares during the quarter. Vaughan David Investments LLC IL’s holdings in U.S. Bancorp were worth $33,959,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in USB. BCK Partners Inc. acquired a new position in U.S. Bancorp during the first quarter worth $2,514,000. Acadian Asset Management LLC lifted its stake in U.S. Bancorp by 3.0% in the first quarter. Acadian Asset Management LLC now owns 9,397 shares of the financial services provider’s stock valued at $499,000 after acquiring an additional 276 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in U.S. Bancorp by 20.8% in the first quarter. Vontobel Holding Ltd. now owns 21,314 shares of the financial services provider’s stock valued at $1,176,000 after acquiring an additional 3,663 shares during the last quarter. Prudential PLC acquired a new stake in U.S. Bancorp in the first quarter valued at $1,731,000. Finally, Candriam Luxembourg S.C.A. lifted its stake in U.S. Bancorp by 5.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 86,048 shares of the financial services provider’s stock valued at $4,573,000 after acquiring an additional 4,827 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

Shares of USB traded down $0.34 during mid-day trading on Friday, reaching $41.58. The company had a trading volume of 6,638,564 shares, compared to its average volume of 8,675,887. The company’s 50 day simple moving average is $42.28 and its 200 day simple moving average is $39.45. U.S. Bancorp has a 1-year low of $27.27 and a 1-year high of $45.85. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $64.79 billion, a price-to-earnings ratio of 12.65, a P/E/G ratio of 2.18 and a beta of 1.05.

U.S. Bancorp (NYSE:USBGet Free Report) last posted its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.28. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The company had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.85 billion. During the same period last year, the company posted $1.20 EPS. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. Analysts expect that U.S. Bancorp will post 3.86 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.71%. U.S. Bancorp’s payout ratio is currently 59.76%.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the sale, the insider now directly owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the sale, the executive vice president now directly owns 164,880 shares in the company, valued at $6,837,573.60. The disclosure for this sale can be found here. Insiders have sold 60,265 shares of company stock valued at $2,535,903 in the last ninety days. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on USB shares. UBS Group increased their price target on shares of U.S. Bancorp from $35.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Barclays increased their price target on shares of U.S. Bancorp from $48.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Stephens cut shares of U.S. Bancorp from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 20th. Evercore ISI increased their price objective on shares of U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a research report on Thursday, March 28th. Finally, Oppenheimer dropped their price objective on shares of U.S. Bancorp from $61.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $47.41.

View Our Latest Stock Analysis on USB

About U.S. Bancorp

(Free Report)

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.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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