Aristotle Capital Management LLC Reduces Stake in U.S. Bancorp (NYSE:USB)

Aristotle Capital Management LLC lessened its stake in U.S. Bancorp (NYSE:USB - Free Report) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,853,799 shares of the financial services provider's stock after selling 329,310 shares during the period. U.S. Bancorp accounts for approximately 2.1% of Aristotle Capital Management LLC's investment portfolio, making the stock its 15th largest holding. Aristotle Capital Management LLC owned about 1.46% of U.S. Bancorp worth $1,093,097,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Winch Advisory Services LLC lifted its position in U.S. Bancorp by 1,088.9% during the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 490 shares during the last quarter. J.Safra Asset Management Corp purchased a new stake in shares of U.S. Bancorp during the 4th quarter valued at $26,000. FPC Investment Advisory Inc. acquired a new stake in shares of U.S. Bancorp in the 4th quarter worth $28,000. Stonebridge Financial Group LLC purchased a new position in U.S. Bancorp during the 4th quarter worth $30,000. Finally, Picton Mahoney Asset Management acquired a new position in U.S. Bancorp during the 4th quarter valued at about $30,000. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Price Performance

USB traded down $0.43 during trading on Tuesday, hitting $41.03. The company's stock had a trading volume of 5,269,031 shares, compared to its average volume of 9,095,666. The firm has a market capitalization of $63.92 billion, a price-to-earnings ratio of 10.82, a P/E/G ratio of 1.73 and a beta of 0.97. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98. The business's fifty day simple moving average is $41.06 and its 200 day simple moving average is $46.31. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.06. The firm had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $6.92 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. During the same quarter last year, the company earned $0.78 EPS. On average, 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 Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp's dividend payout ratio is presently 49.50%.

Insider Buying and Selling

In related news, insider Jodi L. Richard sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $47.59, for a total transaction of $1,427,700.00. Following the completion of the sale, the insider now directly owns 99,790 shares in the company, valued at approximately $4,749,006.10. The trade was a 23.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James L. Chosy sold 21,451 shares of U.S. Bancorp stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $47.65, for a total transaction of $1,022,140.15. Following the sale, the executive vice president now directly owns 198,127 shares in the company, valued at approximately $9,440,751.55. This trade represents a 9.77 % decrease in their position. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on USB. Keefe, Bruyette & Woods dropped their price target on U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating on the stock in a research note on Thursday, April 17th. Morgan Stanley cut their price target on shares of U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Oppenheimer lifted their price objective on shares of U.S. Bancorp from $57.00 to $59.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Barclays cut their target price on U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and issued a $43.50 target price (down previously from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $50.48.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.