U.S. Bancorp (USB) Position Trimmed by Mar Vista Investment Partners LLC

Mar Vista Investment Partners LLC trimmed its position in shares of U.S. Bancorp (NYSE:USB) by 3.8% during the first quarter, Holdings Channel reports. The institutional investor owned 1,573,786 shares of the financial services provider’s stock after selling 61,435 shares during the period. U.S. Bancorp accounts for 3.2% of Mar Vista Investment Partners LLC’s investment portfolio, making the stock its 13th largest holding. Mar Vista Investment Partners LLC’s holdings in U.S. Bancorp were worth $79,476,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of USB. Virtue Capital Management LLC acquired a new position in U.S. Bancorp during the fourth quarter worth $102,000. Meeder Asset Management Inc. acquired a new position in U.S. Bancorp during the fourth quarter worth $106,000. Delpha Capital Management LLC acquired a new position in U.S. Bancorp during the fourth quarter worth $109,000. James Hambro & Partners acquired a new position in U.S. Bancorp during the fourth quarter worth $110,000. Finally, Cerebellum GP LLC acquired a new position in U.S. Bancorp during the fourth quarter worth $123,000. Institutional investors and hedge funds own 74.51% of the company’s stock.

USB has been the topic of a number of recent analyst reports. Deutsche Bank upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their target price for the stock from $60.00 to $63.00 in a report on Thursday, January 25th. Sandler O’Neill reiterated a “hold” rating and issued a $56.00 price objective on shares of U.S. Bancorp in a report on Tuesday, March 27th. Robert W. Baird upgraded shares of U.S. Bancorp from a “neutral” rating to an “outperform” rating in a report on Monday, March 26th. Zacks Investment Research downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Finally, Vining Sparks reiterated a “buy” rating and issued a $61.00 price objective on shares of U.S. Bancorp in a report on Friday, April 6th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $58.38.



In other news, Vice Chairman Gillern Jeffry H. Von sold 13,641 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $55.02, for a total value of $750,527.82. Following the completion of the sale, the insider now owns 126,387 shares of the company’s stock, valued at $6,953,812.74. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman P.W. Parker sold 98,485 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $55.95, for a total transaction of $5,510,235.75. The disclosure for this sale can be found here. In the last three months, insiders sold 168,016 shares of company stock valued at $9,356,775. 0.43% of the stock is currently owned by company insiders.

Shares of U.S. Bancorp opened at $51.50 on Monday, Marketbeat Ratings reports. The stock has a market capitalization of $84.59 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 1.69 and a beta of 0.95. U.S. Bancorp has a 52-week low of $49.03 and a 52-week high of $58.50. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.82 and a quick ratio of 0.81.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, April 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.01. The company had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.53 billion. U.S. Bancorp had a net margin of 26.39% and a return on equity of 14.20%. U.S. Bancorp’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.82 earnings per share. analysts anticipate that U.S. Bancorp will post 4.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 16th. Stockholders of record on Thursday, March 29th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.33%. U.S. Bancorp’s payout ratio is presently 35.09%.

U.S. Bancorp Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through 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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