U.S. Bancorp (NYSE:USB) Stock Holdings Decreased by HCR Wealth Advisors

HCR Wealth Advisors decreased its position in U.S. Bancorp (NYSE:USB) by 7.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 19,794 shares of the financial services provider’s stock after selling 1,634 shares during the period. HCR Wealth Advisors’ holdings in U.S. Bancorp were worth $786,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of U.S. Bancorp by 0.4% during the first quarter. Vanguard Group Inc. now owns 135,371,282 shares of the financial services provider’s stock valued at $6,051,096,000 after buying an additional 502,776 shares in the last quarter. Norges Bank purchased a new stake in shares of U.S. Bancorp in the fourth quarter worth approximately $827,370,000. Bank of New York Mellon Corp lifted its position in shares of U.S. Bancorp by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 13,312,930 shares of the financial services provider’s stock worth $528,523,000 after purchasing an additional 94,841 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of U.S. Bancorp by 2.9% during the 2nd quarter. Van ECK Associates Corp now owns 9,478,454 shares of the financial services provider’s stock valued at $376,295,000 after acquiring an additional 271,078 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its stake in shares of U.S. Bancorp by 0.3% in the first quarter. First Eagle Investment Management LLC now owns 8,921,691 shares of the financial services provider’s stock worth $398,800,000 after acquiring an additional 23,826 shares during the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on USB. StockNews.com raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Jefferies Financial Group cut their price objective on shares of U.S. Bancorp from $43.00 to $42.00 and set a “hold” rating on the stock in a research report on Wednesday, July 3rd. Royal Bank of Canada boosted their target price on shares of U.S. Bancorp from $47.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. UBS Group raised their price target on shares of U.S. Bancorp from $43.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Finally, Wells Fargo & Company upped their price objective on shares of U.S. Bancorp from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $48.23.

U.S. Bancorp Stock Performance

USB opened at $44.49 on Monday. The stock has a market cap of $69.43 billion, a PE ratio of 14.73, a P/E/G ratio of 4.34 and a beta of 1.03. U.S. Bancorp has a 1 year low of $30.47 and a 1 year high of $47.31. The stock’s 50 day simple moving average is $43.41 and its 200-day simple moving average is $42.08. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.05.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.04. U.S. Bancorp had a net margin of 12.55% and a return on equity of 13.34%. The company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.81 billion. During the same quarter in the prior year, the company posted $1.12 EPS. The business’s revenue was down 4.3% on a year-over-year basis. Sell-side analysts forecast that U.S. Bancorp will post 3.87 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.49 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.41%. U.S. Bancorp’s payout ratio is presently 64.90%.

Insider Buying and Selling

In related news, Director Aleem Gillani acquired 10,000 shares of the company’s stock in a transaction on Thursday, July 18th. The stock was purchased at an average cost of $44.99 per share, for a total transaction of $449,900.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $449,900. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Company 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.