Arbor Capital Management Inc. ADV Sells 1,764 Shares of U.S. Bancorp (NYSE:USB)

Arbor Capital Management Inc. ADV decreased its holdings in U.S. Bancorp (NYSE:USB) by 5.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 31,968 shares of the financial services provider’s stock after selling 1,764 shares during the period. Arbor Capital Management Inc. ADV’s holdings in U.S. Bancorp were worth $1,254,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of USB. Gilbert & Cook Inc. increased its stake in shares of U.S. Bancorp by 4.0% in the fourth quarter. Gilbert & Cook Inc. now owns 15,483 shares of the financial services provider’s stock valued at $670,000 after buying an additional 593 shares during the period. Aveo Capital Partners LLC boosted its holdings in U.S. Bancorp by 5.6% in the fourth quarter. Aveo Capital Partners LLC now owns 11,167 shares of the financial services provider’s stock valued at $483,000 after acquiring an additional 592 shares during the last quarter. Dana Investment Advisors Inc. increased its position in U.S. Bancorp by 17.0% during the 4th quarter. Dana Investment Advisors Inc. now owns 19,250 shares of the financial services provider’s stock valued at $833,000 after purchasing an additional 2,790 shares during the period. JFS Wealth Advisors LLC raised its holdings in U.S. Bancorp by 21.3% during the 4th quarter. JFS Wealth Advisors LLC now owns 3,166 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 557 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of U.S. Bancorp by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,190,849 shares of the financial services provider’s stock worth $354,534,000 after purchasing an additional 315,420 shares during the period. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Trading Down 2.3 %

Shares of U.S. Bancorp stock opened at $44.49 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.05. The stock has a fifty day simple moving average of $43.41 and a 200 day simple moving average of $42.08. U.S. Bancorp has a 12-month low of $30.47 and a 12-month high of $47.31. The company has a market capitalization of $69.43 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 4.34 and a beta of 1.03.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, July 17th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.81 billion. During the same quarter in the prior year, the business posted $1.12 EPS. The business’s revenue was down 4.3% compared to the same quarter last year. On average, sell-side analysts anticipate that U.S. Bancorp will post 3.87 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a $0.49 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.96 annualized dividend and a yield of 4.41%. U.S. Bancorp’s dividend payout ratio (DPR) is 64.90%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on USB. The Goldman Sachs Group increased their price objective on shares of U.S. Bancorp from $42.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Wells Fargo & Company lifted their price objective on U.S. Bancorp from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Royal Bank of Canada upped their target price on U.S. Bancorp from $47.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Jefferies Financial Group lowered their target price on U.S. Bancorp from $43.00 to $42.00 and set a “hold” rating for the company in a report on Wednesday, July 3rd. Finally, DA Davidson increased their price target on U.S. Bancorp from $44.00 to $49.00 and gave the stock a “neutral” 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 data from MarketBeat, U.S. Bancorp has an average rating of “Hold” and a consensus target price of $48.23.

Insiders Place Their Bets

In other U.S. Bancorp news, Director Aleem Gillani bought 10,000 shares of U.S. Bancorp stock in a transaction dated Thursday, July 18th. The stock was bought at an average cost of $44.99 per share, with a total value of $449,900.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $449,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.23% of the company’s stock.

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.