Epoch Investment Partners Inc. Lowers Stock Holdings in U.S. Bancorp $USB

Epoch Investment Partners Inc. lowered its position in shares of U.S. Bancorp (NYSE:USB) by 5.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,651,944 shares of the financial services provider’s stock after selling 99,124 shares during the quarter. Epoch Investment Partners Inc. owned 0.11% of U.S. Bancorp worth $85,918,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in USB. Norges Bank acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at about $1,887,497,000. Auto Owners Insurance Co grew its position in U.S. Bancorp by 5,236.0% during the fourth quarter. Auto Owners Insurance Co now owns 33,350,000 shares of the financial services provider’s stock worth $1,779,556,000 after buying an additional 32,725,000 shares during the period. Capital Research Global Investors acquired a new position in U.S. Bancorp during the fourth quarter worth about $296,377,000. Price T Rowe Associates Inc. MD increased its holdings in U.S. Bancorp by 20.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 24,919,079 shares of the financial services provider’s stock valued at $1,329,683,000 after buying an additional 4,153,080 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in U.S. Bancorp by 63.2% in the fourth quarter. Victory Capital Management Inc. now owns 9,480,254 shares of the financial services provider’s stock valued at $505,866,000 after buying an additional 3,672,742 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Trading Up 0.9%

Shares of U.S. Bancorp stock opened at $63.91 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.83 and a quick ratio of 0.82. U.S. Bancorp has a 1 year low of $43.46 and a 1 year high of $64.84. The company has a market capitalization of $99.14 billion, a P/E ratio of 12.76, a P/E/G ratio of 1.04 and a beta of 0.96. The business has a 50 day moving average price of $58.89 and a 200 day moving average price of $56.42.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Thursday, July 16th. The financial services provider reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.07. U.S. Bancorp had a return on equity of 13.69% and a net margin of 18.49%.The firm had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.58 billion. During the same quarter in the prior year, the firm earned $1.11 EPS. Sell-side analysts anticipate that U.S. Bancorp will post 5.22 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.52 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. U.S. Bancorp’s payout ratio is 41.52%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Oppenheimer boosted their price target on U.S. Bancorp from $73.00 to $77.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Morgan Stanley raised their price objective on U.S. Bancorp from $64.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, June 29th. Stephens lifted their price objective on U.S. Bancorp from $63.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. Royal Bank Of Canada boosted their target price on U.S. Bancorp from $61.00 to $68.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Finally, Robert W. Baird raised their price target on U.S. Bancorp from $64.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $67.00.

Insider Buying and Selling at U.S. Bancorp

In other news, EVP Venkatachari Dilip sold 34,522 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total value of $1,916,661.44. Following the completion of the transaction, the executive vice president owned 51,292 shares of the company’s stock, valued at $2,847,731.84. The trade was a 40.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.21% of the stock is currently owned by corporate insiders.

U.S. Bancorp Profile

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.