U.S. Bancorp $USB Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. lessened its stake in shares of U.S. Bancorp (NYSE:USB) by 19.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,504 shares of the financial services provider’s stock after selling 9,880 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in U.S. Bancorp were worth $2,006,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of U.S. Bancorp by 323.0% during the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock worth $2,309,000 after buying an additional 36,863 shares during the period. Empowered Funds LLC lifted its stake in U.S. Bancorp by 2.1% during the 1st quarter. Empowered Funds LLC now owns 34,411 shares of the financial services provider’s stock worth $1,453,000 after acquiring an additional 714 shares in the last quarter. Intech Investment Management LLC boosted its holdings in U.S. Bancorp by 18.9% during the 1st quarter. Intech Investment Management LLC now owns 39,276 shares of the financial services provider’s stock valued at $1,658,000 after acquiring an additional 6,252 shares during the period. Sivia Capital Partners LLC acquired a new position in U.S. Bancorp in the 2nd quarter valued at about $425,000. Finally, Kathmere Capital Management LLC lifted its position in shares of U.S. Bancorp by 40.4% during the second quarter. Kathmere Capital Management LLC now owns 11,720 shares of the financial services provider’s stock worth $530,000 after purchasing an additional 3,370 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Price Performance

Shares of NYSE USB opened at $55.88 on Tuesday. The stock’s 50-day simple moving average is $52.78 and its 200-day simple moving average is $49.17. The firm has a market capitalization of $86.86 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 1.00 and a beta of 1.07. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $56.70. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.26 EPS for the quarter, beating the consensus estimate of $1.19 by $0.07. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The company had revenue of $7.92 billion for the quarter, compared to analyst estimates of $7.31 billion. During the same period in the prior year, the firm posted $1.07 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.7%. The ex-dividend date was Wednesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is currently 45.02%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on USB shares. Evercore ISI set a $60.00 target price on shares of U.S. Bancorp in a research note on Tuesday, January 6th. Wells Fargo & Company upped their price objective on U.S. Bancorp from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Oppenheimer increased their price objective on U.S. Bancorp from $75.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $52.50 target price for the company in a research note on Thursday, October 23rd. Finally, Morgan Stanley reaffirmed a “positive” rating on shares of U.S. Bancorp in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $58.19.

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.