Epoch Investment Partners Inc. Has $79.80 Million Stock Holdings in U.S. Bancorp (NYSE:USB)

Epoch Investment Partners Inc. cut its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,668,385 shares of the financial services provider's stock after selling 98,057 shares during the quarter. Epoch Investment Partners Inc. owned about 0.11% of U.S. Bancorp worth $79,799,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP lifted its position in shares of U.S. Bancorp by 2.6% during the fourth quarter. Capital Performance Advisors LLP now owns 8,188 shares of the financial services provider's stock worth $392,000 after purchasing an additional 210 shares in the last quarter. HCR Wealth Advisors raised its position in U.S. Bancorp by 1.1% in the 4th quarter. HCR Wealth Advisors now owns 20,107 shares of the financial services provider's stock worth $962,000 after purchasing an additional 211 shares during the last quarter. Covestor Ltd lifted its holdings in U.S. Bancorp by 12.3% during the 4th quarter. Covestor Ltd now owns 1,955 shares of the financial services provider's stock worth $94,000 after buying an additional 214 shares in the last quarter. Priebe Wealth Holdings LLC boosted its position in U.S. Bancorp by 4.4% in the 4th quarter. Priebe Wealth Holdings LLC now owns 5,078 shares of the financial services provider's stock valued at $243,000 after buying an additional 215 shares during the last quarter. Finally, Essex Savings Bank increased its stake in shares of U.S. Bancorp by 1.8% in the 4th quarter. Essex Savings Bank now owns 12,350 shares of the financial services provider's stock valued at $591,000 after buying an additional 216 shares during the period. 77.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on USB shares. Keefe, Bruyette & Woods cut 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. Piper Sandler cut their target price on shares of U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. DA Davidson reduced their target price on shares of U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. The Goldman Sachs Group dropped their price target on shares of U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $43.50 price objective (down from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, U.S. Bancorp presently has an average rating of "Moderate Buy" and a consensus target price of $50.66.

U.S. Bancorp Stock Up 1.3 %

NYSE USB traded up $0.50 during trading on Wednesday, hitting $39.50. The stock had a trading volume of 12,753,618 shares, compared to its average volume of 9,043,303. The company has a market capitalization of $61.54 billion, a PE ratio of 10.42, a P/E/G ratio of 1.73 and a beta of 0.91. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The company's 50-day moving average price is $42.19 and its two-hundred day moving average price is $46.70. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued 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 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 period in the previous year, the firm posted $0.78 EPS. As a group, sell-side analysts forecast that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.50 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 5.06%. U.S. Bancorp's dividend payout ratio is 49.50%.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP James L. Chosy sold 21,451 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total value of $1,022,140.15. Following the completion of the sale, the executive vice president now owns 198,127 shares in the company, valued at $9,440,751.55. This trade represents a 9.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Aleem Gillani acquired 5,000 shares of the stock in a transaction dated Monday, April 21st. The shares were purchased at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the purchase, the director now directly owns 15,000 shares in the company, valued at $559,800. The trade was a 50.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 219,812 shares of company stock valued at $10,385,665 in the last 90 days. 0.23% of the stock is currently owned by insiders.

About U.S. Bancorp

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.