CORDA Investment Management LLC. Has $39.34 Million Stock Position in U.S. Bancorp (NYSE:USB)

CORDA Investment Management LLC. reduced its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 0.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 931,825 shares of the financial services provider's stock after selling 7,967 shares during the period. U.S. Bancorp accounts for about 3.1% of CORDA Investment Management LLC.'s holdings, making the stock its 10th biggest position. CORDA Investment Management LLC. owned about 0.06% of U.S. Bancorp worth $39,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of USB. Capital Management Associates Inc raised its holdings in U.S. Bancorp by 100.0% in the 1st quarter. Capital Management Associates Inc now owns 20,594 shares of the financial services provider's stock valued at $869,000 after acquiring an additional 10,297 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in U.S. Bancorp by 136.1% in the 1st quarter. Crossmark Global Holdings Inc. now owns 238,231 shares of the financial services provider's stock valued at $10,058,000 after acquiring an additional 137,331 shares during the last quarter. YANKCOM Partnership raised its holdings in U.S. Bancorp by 59.4% in the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 260 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in U.S. Bancorp by 2.8% in the 1st quarter. TD Private Client Wealth LLC now owns 203,684 shares of the financial services provider's stock valued at $8,600,000 after acquiring an additional 5,633 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. raised its holdings in U.S. Bancorp by 37.1% in the 1st quarter. McGlone Suttner Wealth Management Inc. now owns 14,179 shares of the financial services provider's stock valued at $599,000 after acquiring an additional 3,838 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Stock Down 0.9%

USB stock traded down $0.44 during trading on Friday, reaching $47.13. The stock had a trading volume of 11,510,101 shares, compared to its average volume of 9,408,247. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $73.43 billion, a P/E ratio of 11.67, a PEG ratio of 1.78 and a beta of 0.99. The firm has a fifty day moving average price of $44.27 and a 200 day moving average price of $44.40.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.06. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the business posted $0.78 EPS. On average, equities analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.50 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.24%. U.S. Bancorp's dividend payout ratio (DPR) is presently 49.50%.

Insider Activity

In related news, Director Aleem Gillani bought 5,000 shares of the business's stock in a transaction dated Monday, April 21st. The shares were acquired at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the purchase, the director owned 15,000 shares in the company, valued at $559,800. This trade represents a 50.00% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

USB has been the topic of several research reports. Truist Financial increased their target price on U.S. Bancorp from $48.00 to $50.00 and gave the stock a "hold" rating in a research report on Wednesday. Wall Street Zen cut U.S. Bancorp from a "hold" rating to a "sell" rating in a report on Saturday, June 7th. Royal Bank Of Canada dropped their target price on shares of U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. DA Davidson reduced their price target on shares of U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, TD Cowen started coverage on shares of U.S. Bancorp in a research note on Thursday, May 15th. They set a "buy" rating and a $60.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $51.70.

U.S. Bancorp 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.