Bcwm LLC Acquires 7,249 Shares of U.S. Bancorp (NYSE:USB)

Bcwm LLC raised its stake in shares of U.S. Bancorp (NYSE:USB) by 6.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 118,118 shares of the financial services provider’s stock after acquiring an additional 7,249 shares during the period. U.S. Bancorp makes up approximately 1.7% of Bcwm LLC’s holdings, making the stock its 28th biggest position. Bcwm LLC’s holdings in U.S. Bancorp were worth $4,689,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Redwood Wealth Management Group LLC bought a new position in U.S. Bancorp during the second quarter valued at approximately $25,000. Financial Synergies Wealth Advisors Inc. purchased a new stake in U.S. Bancorp during the 1st quarter valued at $30,000. LRI Investments LLC bought a new position in shares of U.S. Bancorp during the 1st quarter valued at $31,000. Eagle Bay Advisors LLC boosted its stake in shares of U.S. Bancorp by 93.2% in the 1st quarter. Eagle Bay Advisors LLC now owns 686 shares of the financial services provider’s stock worth $31,000 after buying an additional 331 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of U.S. Bancorp in the second quarter worth $30,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. JPMorgan Chase & Co. cut U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 target price on the stock. in a research report on Thursday, June 27th. Citigroup raised their price objective on shares of U.S. Bancorp from $45.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. DA Davidson increased their price target on shares of U.S. Bancorp from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Royal Bank of Canada reiterated an “outperform” rating and set a $48.00 price target on shares of U.S. Bancorp in a research note on Friday. Finally, The Goldman Sachs Group reduced their price objective on U.S. Bancorp from $48.00 to $46.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $48.18.

Insider Activity

In related news, Director Aleem Gillani purchased 10,000 shares of U.S. Bancorp stock in a transaction that occurred on Thursday, July 18th. The shares were bought at an average price of $44.99 per share, with a total value of $449,900.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $449,900. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Price Performance

USB stock opened at $44.62 on Monday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.80 and a current ratio of 0.81. The company’s fifty day moving average price is $43.93 and its 200-day moving average price is $42.21. U.S. Bancorp has a one year low of $30.47 and a one year high of $47.31. The company has a market capitalization of $69.63 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 4.36 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, July 17th. The financial services provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.04. The firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.81 billion. U.S. Bancorp had a return on equity of 13.34% and a net margin of 12.55%. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.12 EPS. On average, equities analysts anticipate that U.S. Bancorp will post 3.87 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.48%. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Monday, September 30th. U.S. Bancorp’s dividend payout ratio (DPR) is 66.23%.

U.S. Bancorp 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.