U.S. Bancorp (NYSE:USB).
Cornerstone Investment Partners, LLC lowered its position in U.S. Bancorp by 295,412 shares in the quarter ending 06/30/2017. Its stake stood at $72,124,000 a decrease of $14,630,000 as of the end of the quarter.
Here are a few other firms who have updated their positions. Gateway Investment Advisers LLC grew its stake by buying 129,993 shares an increase of 11.2% from 03/31/2017 to 06/30/2017. Gateway Investment Advisers LLC owns 1,285,950 shares worth $66,767,000. The total value of its holdings increased 12.2%. As of the end of the quarter Pennsylvania Trust Co had bought a total of 69,260 shares growing its holdings by 29.7%. The value in dollars went from $12,020,000 to $15,714,000 a change of 30.7% quarter over quarter.
As of quarter end Waverton Investment Management Ltd had acquired 52,443 shares growing its stake by 5.2%. The value of the investment in USB increased from $51,499,000 to $54,642,000 a change of $3,143,000 quarter to quarter.
On December 1 the stock rating was downgraded to “Neutral” from “” in a statement from Susquehanna. On November 28 the company was set at “Buy” in a report from Jefferies which was a boost from the previous “Hold” rating.
On November 16 the company was downgraded from “” to “Neutral” in an announcement from PiperJaffray. On November 14, 2016 the stock rating was changed to a “Underweight” according to a Morgan Stanley report which is down from the previous “” rating.
Equity analyst added the stock to its research portfolio setting a rating of “Neutral” and establishing a price target of $46.00. On October 7 analysts at Wedbush began coverage by announcing an initial rating of “Neutral” and price target of $46.00.
In the market the company is trading up since yesterday’s close of $51.77. Additionally U.S. Bancorp recently announced a dividend for shareholders payable on Monday July 17th, 2017. The dividend will be $0.280 per share for the quarter or $1.12 on an annualized basis. The dividend yield will be $2.13. The ex-dividend date has been established as Wednesday the 28th of June 2017.
It is trading at $52.04 which is slightly above $51.68, the stock’s 50 day moving average and just below the 200 day moving average of $52.36. The 50 day moving average was up $0.20 and the 200 day average moved down $-0.48.
The most current P/E ratio is 15.72 and the market cap is 87.43B. As of the last earnings report the EPS was $3.30 and is estimated to be $3.47 for the current year with 1,685,283,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.90 and the next full year EPS is anticipated to be $3.82.