Coldstream Capital Management Inc. Purchases 29,930 Shares of U.S. Bancorp (USB)

Coldstream Capital Management Inc. lifted its stake in U.S. Bancorp (NYSE:USB) by 108.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 57,645 shares of the financial services provider’s stock after acquiring an additional 29,930 shares during the quarter. Coldstream Capital Management Inc.’s holdings in U.S. Bancorp were worth $2,634,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Cetera Advisors LLC increased its position in shares of U.S. Bancorp by 25.1% in the 4th quarter. Cetera Advisors LLC now owns 27,885 shares of the financial services provider’s stock valued at $1,277,000 after purchasing an additional 5,596 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of U.S. Bancorp by 5.7% in the 4th quarter. Legal & General Group Plc now owns 7,419,203 shares of the financial services provider’s stock valued at $339,026,000 after buying an additional 399,480 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of U.S. Bancorp in the 4th quarter valued at $5,148,000. Cetera Advisor Networks LLC boosted its stake in U.S. Bancorp by 3.0% during the 4th quarter. Cetera Advisor Networks LLC now owns 39,563 shares of the financial services provider’s stock worth $1,811,000 after purchasing an additional 1,151 shares during the period. Finally, Veritable L.P. boosted its stake in U.S. Bancorp by 1.9% during the 3rd quarter. Veritable L.P. now owns 130,364 shares of the financial services provider’s stock worth $6,885,000 after purchasing an additional 2,418 shares during the period. Hedge funds and other institutional investors own 75.82% of the company’s stock.

A number of brokerages recently weighed in on USB. Zacks Investment Research cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. Robert W. Baird cut shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price target for the company. in a research note on Monday, January 28th. Oppenheimer raised their target price on shares of U.S. Bancorp from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Jefferies Financial Group cut shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Finally, Barclays raised their target price on shares of U.S. Bancorp from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $58.18.

In other U.S. Bancorp news, Vice Chairman James B. Kelligrew sold 20,000 shares of U.S. Bancorp stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $50.61, for a total transaction of $1,012,200.00. Following the transaction, the insider now directly owns 49,495 shares of the company’s stock, valued at $2,504,941.95. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman Leslie V. Godridge sold 14,737 shares of U.S. Bancorp stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $51.50, for a total transaction of $758,955.50. Following the sale, the insider now owns 61,737 shares in the company, valued at approximately $3,179,455.50. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

NYSE:USB traded up $0.54 during mid-day trading on Friday, hitting $51.21. 8,816,250 shares of the company’s stock traded hands, compared to its average volume of 6,817,300. The company has a current ratio of 0.84, a quick ratio of 0.85 and a debt-to-equity ratio of 0.87. U.S. Bancorp has a 1 year low of $43.14 and a 1 year high of $55.56. The company has a market capitalization of $81.95 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 1.71 and a beta of 1.06.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, April 17th. The financial services provider reported $1.00 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.00. The firm had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.62 billion. U.S. Bancorp had a net margin of 27.02% and a return on equity of 15.53%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the firm posted $0.96 EPS. On average, equities research analysts predict that U.S. Bancorp will post 4.28 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $0.37 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.89%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 36.10%.

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U.S. Bancorp Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

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

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