Loudon Investment Management LLC Reduces Stock Position in U.S. Bancorp (NYSE:USB)

Loudon Investment Management LLC trimmed its stake in shares of U.S. Bancorp (NYSE:USB) by 10.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,953 shares of the financial services provider’s stock after selling 6,687 shares during the period. U.S. Bancorp makes up 1.4% of Loudon Investment Management LLC’s investment portfolio, making the stock its 25th largest holding. Loudon Investment Management LLC’s holdings in U.S. Bancorp were worth $2,380,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in USB. Valmark Advisers Inc. lifted its holdings in shares of U.S. Bancorp by 2.9% in the second quarter. Valmark Advisers Inc. now owns 8,707 shares of the financial services provider’s stock valued at $346,000 after purchasing an additional 242 shares in the last quarter. Waldron Private Wealth LLC lifted its stake in U.S. Bancorp by 1.9% in the 2nd quarter. Waldron Private Wealth LLC now owns 13,285 shares of the financial services provider’s stock valued at $534,000 after buying an additional 247 shares in the last quarter. Naples Global Advisors LLC grew its holdings in U.S. Bancorp by 0.4% during the 2nd quarter. Naples Global Advisors LLC now owns 65,360 shares of the financial services provider’s stock valued at $2,624,000 after buying an additional 248 shares during the last quarter. Kavar Capital Partners Group LLC raised its holdings in shares of U.S. Bancorp by 4.7% in the second quarter. Kavar Capital Partners Group LLC now owns 5,555 shares of the financial services provider’s stock worth $221,000 after acquiring an additional 250 shares during the last quarter. Finally, Motley Fool Wealth Management LLC raised its holdings in shares of U.S. Bancorp by 0.7% in the first quarter. Motley Fool Wealth Management LLC now owns 38,362 shares of the financial services provider’s stock worth $1,715,000 after acquiring an additional 251 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani purchased 10,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was bought at an average cost of $44.99 per share, for a total transaction of $449,900.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at $449,900. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Down 2.3 %

NYSE:USB traded down $1.05 during trading hours on Friday, hitting $44.49. 7,635,419 shares of the stock traded hands, compared to its average volume of 8,345,984. The firm has a 50 day moving average price of $43.41 and a 200 day moving average price of $42.07. The firm has a market cap of $69.42 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 4.57 and a beta of 1.04. U.S. Bancorp has a fifty-two week low of $30.47 and a fifty-two week high of $47.31. 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 released its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.98 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $6.81 billion. During the same quarter in the prior year, the business earned $1.12 EPS. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. Equities research analysts anticipate that U.S. Bancorp will post 3.89 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on USB. Jefferies Financial Group lowered their price target on shares of U.S. Bancorp from $43.00 to $42.00 and set a “hold” rating for the company in a report on Wednesday, July 3rd. DA Davidson lifted their target price on shares of U.S. Bancorp from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. Evercore ISI increased their price target on U.S. Bancorp from $45.00 to $48.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. JPMorgan Chase & Co. downgraded U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 price objective for the company. in a research report on Thursday, June 27th. Finally, StockNews.com upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $48.23.

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.