U.S. Bancorp (NYSE:USB) Stake Reduced by Regent Investment Management LLC

Regent Investment Management LLC cut its holdings in U.S. Bancorp (NYSE:USB) by 22.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,234 shares of the financial services provider’s stock after selling 2,738 shares during the quarter. Regent Investment Management LLC’s holdings in U.S. Bancorp were worth $340,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of USB. Guggenheim Capital LLC raised its holdings in U.S. Bancorp by 27.8% during the 4th quarter. Guggenheim Capital LLC now owns 405,233 shares of the financial services provider’s stock worth $24,026,000 after buying an additional 88,226 shares during the period. Macquarie Group Ltd. raised its holdings in U.S. Bancorp by 43.5% during the 4th quarter. Macquarie Group Ltd. now owns 731,222 shares of the financial services provider’s stock worth $43,355,000 after buying an additional 221,520 shares during the period. Stillwater Investment Management LLC raised its holdings in U.S. Bancorp by 4.1% during the 1st quarter. Stillwater Investment Management LLC now owns 34,245 shares of the financial services provider’s stock worth $1,180,000 after buying an additional 1,357 shares during the period. Wiley BROS. Aintree Capital LLC raised its holdings in U.S. Bancorp by 50.0% during the 1st quarter. Wiley BROS. Aintree Capital LLC now owns 6,000 shares of the financial services provider’s stock worth $207,000 after buying an additional 2,000 shares during the period. Finally, Deane Retirement Strategies Inc. raised its holdings in U.S. Bancorp by 41.1% during the 1st quarter. Deane Retirement Strategies Inc. now owns 45,621 shares of the financial services provider’s stock worth $1,572,000 after buying an additional 13,286 shares during the period. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Shares of NYSE USB opened at $36.84 on Friday. The business has a fifty day simple moving average of $36.90 and a 200 day simple moving average of $40.57. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $55.60 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 2.42 and a beta of 1.16. U.S. Bancorp has a one year low of $28.36 and a one year high of $61.11.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, July 15th. The financial services provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The business had revenue of $5.77 billion during the quarter, compared to analyst estimates of $5.54 billion. U.S. Bancorp had a return on equity of 11.82% and a net margin of 19.70%. U.S. Bancorp’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 earnings per share. On average, research analysts anticipate that U.S. Bancorp will post 2.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.42 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.56%. U.S. Bancorp’s payout ratio is 38.71%.

USB has been the topic of several research analyst reports. Deutsche Bank raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Tuesday. Oppenheimer lifted their target price on U.S. Bancorp from $57.00 to $59.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Royal Bank of Canada reaffirmed a “buy” rating and set a $42.00 target price on shares of U.S. Bancorp in a research note on Monday, July 20th. Wells Fargo & Co lifted their target price on U.S. Bancorp from $40.00 to $46.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th. Finally, Nomura Securities raised U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their target price for the company from $35.00 to $46.00 in a research note on Thursday, April 16th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. U.S. Bancorp presently has a consensus rating of “Hold” and a consensus target price of $46.89.

U.S. Bancorp Company Profile

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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