Aurdan Capital Management LLC Has $2.60 Million Stock Position in U.S. Bancorp (NYSE:USB)

Aurdan Capital Management LLC cut its position in U.S. Bancorp (NYSE:USB - Free Report) by 30.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 61,495 shares of the financial services provider's stock after selling 26,534 shares during the quarter. U.S. Bancorp comprises 1.0% of Aurdan Capital Management LLC's holdings, making the stock its 27th biggest position. Aurdan Capital Management LLC's holdings in U.S. Bancorp were worth $2,596,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of USB. Norges Bank bought a new stake in U.S. Bancorp in the 4th quarter valued at about $777,524,000. Invesco Ltd. increased its stake in U.S. Bancorp by 48.1% during the 4th quarter. Invesco Ltd. now owns 16,787,513 shares of the financial services provider's stock valued at $802,947,000 after buying an additional 5,449,949 shares during the period. Marshall Wace LLP increased its stake in U.S. Bancorp by 414.1% during the 4th quarter. Marshall Wace LLP now owns 5,789,565 shares of the financial services provider's stock valued at $276,915,000 after buying an additional 4,663,518 shares during the period. FMR LLC increased its stake in U.S. Bancorp by 5.0% during the 4th quarter. FMR LLC now owns 67,125,746 shares of the financial services provider's stock valued at $3,210,624,000 after buying an additional 3,211,815 shares during the period. Finally, Madison Investment Advisors LLC acquired a new position in U.S. Bancorp during the 4th quarter valued at about $96,560,000. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Stock Down 0.5%

Shares of USB stock traded down $0.24 during trading on Friday, hitting $47.34. 6,008,205 shares of the company were exchanged, compared to its average volume of 9,387,177. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $73.75 billion, a price-to-earnings ratio of 11.70, a P/E/G ratio of 1.78 and a beta of 0.99. The business's 50-day simple moving average is $44.27 and its 200 day simple moving average is $44.40. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.97 by $0.06. The business had revenue of $6.96 billion during the quarter, compared to analysts' expectations of $6.92 billion. U.S. Bancorp had a net margin of 15.70% and a return on equity of 13.02%. During the same period last year, the company posted $0.78 earnings per share. As a group, analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Monday, June 30th. U.S. Bancorp's dividend payout ratio (DPR) is presently 49.50%.

Wall Street Analyst Weigh In

USB has been the topic of several research analyst reports. Barclays lowered their target price on shares of U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Evercore ISI lifted their price objective on shares of U.S. Bancorp from $44.00 to $49.00 and gave the stock an "in-line" rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $43.50 price objective (down previously from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. 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. Finally, TD Cowen began coverage on shares of U.S. Bancorp in a research report on Thursday, May 15th. They issued a "buy" rating and a $60.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $51.70.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani bought 5,000 shares of U.S. Bancorp stock in a transaction on Monday, April 21st. The stock was purchased at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the purchase, the director directly owned 15,000 shares of the company's stock, valued at $559,800. The trade was a 50.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is owned by company insiders.

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.