Cambiar Investors LLC Sells 234,559 Shares of U.S. Bancorp $USB

Cambiar Investors LLC decreased its holdings in U.S. Bancorp (NYSE:USB) by 24.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 713,864 shares of the financial services provider’s stock after selling 234,559 shares during the period. Cambiar Investors LLC’s holdings in U.S. Bancorp were worth $34,501,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. IMG Wealth Management Inc. acquired a new stake in shares of U.S. Bancorp in the second quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in U.S. Bancorp in the 3rd quarter valued at $26,000. Hillsdale Investment Management Inc. bought a new stake in shares of U.S. Bancorp during the 2nd quarter valued at $27,000. Pineridge Advisors LLC grew its holdings in shares of U.S. Bancorp by 446.2% during the 2nd quarter. Pineridge Advisors LLC now owns 639 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 522 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new position in shares of U.S. Bancorp in the third quarter worth $31,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

NYSE USB opened at $56.55 on Wednesday. The firm’s fifty day moving average price is $52.99 and its two-hundred day moving average price is $49.24. The stock has a market cap of $87.90 billion, a PE ratio of 12.24, a PEG ratio of 1.00 and a beta of 1.07. 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 has a fifty-two week low of $35.18 and a fifty-two week high of $56.70.

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 analysts’ consensus estimates of $1.19 by $0.07. The company had revenue of $7.92 billion during the quarter, compared to analysts’ expectations of $7.31 billion. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.U.S. Bancorp’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 EPS. On average, equities analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on USB shares. Argus upped their price objective on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Royal Bank Of Canada upped their price target on shares of U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. HSBC reissued a “buy” rating and issued a $62.00 price objective on shares of U.S. Bancorp in a research note on Wednesday, January 7th. UBS Group upped their target price on U.S. Bancorp from $49.00 to $50.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Finally, DA Davidson raised their target price on U.S. Bancorp from $63.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently 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.