Compagnie Lombard Odier SCmA Acquires 4,200 Shares of U.S. Bancorp (USB)

Compagnie Lombard Odier SCmA increased its stake in shares of U.S. Bancorp (NYSE:USB) by 5.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,540 shares of the financial services provider’s stock after buying an additional 4,200 shares during the period. Compagnie Lombard Odier SCmA’s holdings in U.S. Bancorp were worth $3,666,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Hudock Capital Group LLC increased its position in shares of U.S. Bancorp by 0.5% in the third quarter. Hudock Capital Group LLC now owns 3,752 shares of the financial services provider’s stock valued at $160,000 after buying an additional 18 shares during the period. Montecito Bank & Trust increased its position in shares of U.S. Bancorp by 0.3% in the second quarter. Montecito Bank & Trust now owns 7,837 shares of the financial services provider’s stock valued at $316,000 after buying an additional 25 shares during the period. Accredited Investors Inc. increased its position in shares of U.S. Bancorp by 0.3% in the third quarter. Accredited Investors Inc. now owns 10,925 shares of the financial services provider’s stock valued at $469,000 after buying an additional 30 shares during the period. Vicus Capital boosted its stake in shares of U.S. Bancorp by 0.6% in the third quarter. Vicus Capital now owns 5,560 shares of the financial services provider’s stock worth $238,000 after buying an additional 32 shares during the last quarter. Finally, Alpha Windward LLC boosted its stake in shares of U.S. Bancorp by 0.6% in the third quarter. Alpha Windward LLC now owns 6,179 shares of the financial services provider’s stock worth $265,000 after buying an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 73.52% of the company’s stock.

Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

U.S. Bancorp (NYSE:USB) opened at 53.61 on Friday. The firm has a 50-day moving average price of $52.05 and a 200 day moving average price of $46.90. U.S. Bancorp has a 52-week low of $37.48 and a 52-week high of $54.04. The firm has a market capitalization of $90.98 billion, a P/E ratio of 16.55 and a beta of 0.84.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, January 18th. The financial services provider reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.01. The company had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.38 billion. U.S. Bancorp had a return on equity of 13.88% and a net margin of 25.89%. U.S. Bancorp’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 earnings per share. Analysts forecast that U.S. Bancorp will post $3.49 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th were given a dividend of $0.28 per share. The ex-dividend date was Wednesday, December 28th. This represents a $1.12 dividend on an annualized basis and a yield of 2.09%. U.S. Bancorp’s payout ratio is 34.46%.

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A number of brokerages have recently commented on USB. Morgan Stanley cut shares of U.S. Bancorp from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, January 31st. Atlantic Securities cut shares of U.S. Bancorp from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $46.00 to $52.00 in a research note on Wednesday, December 21st. Zacks Investment Research raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Tuesday, December 20th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of U.S. Bancorp in a research note on Wednesday, January 18th. Finally, Wedbush raised their price objective on shares of U.S. Bancorp from $51.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, January 19th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $47.35.

In other news, Vice Chairman John R. Elmore sold 30,000 shares of the company’s stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $53.30, for a total value of $1,599,000.00. Following the sale, the insider now directly owns 106,321 shares in the company, valued at $5,666,909.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jennie P. Carlson sold 20,000 shares of the company’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $54.00, for a total value of $1,080,000.00. Following the completion of the sale, the executive vice president now owns 85,185 shares in the company, valued at $4,599,990. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,354,560 shares of company stock worth $70,683,318. 0.68% of the stock is owned by company insiders.

U.S. Bancorp Company Profile

U.S. Bancorp is a multi-state financial services holding company. The Company’s banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. It provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services.

5 Day Chart for NYSE:USB

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