U.S. Bancorp (NYSE:USB) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

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Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its holdings in shares of U.S. Bancorp (NYSE:USB) by 9.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,056 shares of the financial services provider’s stock after selling 1,238 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in U.S. Bancorp were worth $432,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. FMR LLC increased its position in shares of U.S. Bancorp by 21.6% during the second quarter. FMR LLC now owns 13,491,942 shares of the financial services provider’s stock worth $496,773,000 after purchasing an additional 2,392,958 shares in the last quarter. Peapack Gladstone Financial Corp grew its holdings in shares of U.S. Bancorp by 1.0% during the first quarter. Peapack Gladstone Financial Corp now owns 94,869 shares of the financial services provider’s stock valued at $3,269,000 after buying an additional 913 shares during the last quarter. CLS Investments LLC grew its holdings in shares of U.S. Bancorp by 170.8% during the second quarter. CLS Investments LLC now owns 39,248 shares of the financial services provider’s stock valued at $1,445,000 after buying an additional 24,755 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of U.S. Bancorp by 4.3% during the second quarter. Captrust Financial Advisors now owns 173,274 shares of the financial services provider’s stock valued at $6,307,000 after buying an additional 7,165 shares during the last quarter. Finally, Chemung Canal Trust Co. grew its holdings in shares of U.S. Bancorp by 8.0% during the second quarter. Chemung Canal Trust Co. now owns 6,477 shares of the financial services provider’s stock valued at $238,000 after buying an additional 477 shares during the last quarter. 73.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of U.S. Bancorp stock opened at $39.14 on Friday. U.S. Bancorp has a fifty-two week low of $28.36 and a fifty-two week high of $61.11. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.82 and a current ratio of 0.84. The firm has a 50-day simple moving average of $37.19 and a two-hundred day simple moving average of $36.30. The company has a market cap of $58.96 billion, a P/E ratio of 12.31, a price-to-earnings-growth ratio of 2.44 and a beta of 1.10.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.08. U.S. Bancorp had a net margin of 19.70% and a return on equity of 11.82%. The firm had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the prior year, the firm earned $1.15 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts forecast that U.S. Bancorp will post 2.5 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $0.42 per share. The ex-dividend date was Tuesday, September 29th. This represents a $1.68 annualized dividend and a dividend yield of 4.29%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 38.71%.

A number of brokerages have recently weighed in on USB. Bank of America raised shares of U.S. Bancorp from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $39.00 to $41.00 in a report on Wednesday, October 7th. ValuEngine raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. Royal Bank of Canada reissued a “buy” rating and set a $42.00 price objective on shares of U.S. Bancorp in a report on Monday, July 20th. Wolfe Research started coverage on shares of U.S. Bancorp in a report on Friday, July 31st. They issued an “outperform” rating on the stock. Finally, BofA Securities raised shares of U.S. Bancorp from an “underperform” rating to a “neutral” rating and upped their price target for the company from $39.00 to $41.00 in a report on Wednesday, October 7th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.40.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

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

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