US Bancorp DE Has $326.06 Million Stock Position in U.S. Bancorp (NYSE:USB)

US Bancorp DE decreased its stake in U.S. Bancorp (NYSE:USB) by 0.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,212,989 shares of the financial services provider’s stock after selling 53,564 shares during the quarter. US Bancorp DE’s holdings in U.S. Bancorp were worth $326,056,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

USB has been the subject of several research reports. Citigroup increased their price objective on shares of U.S. Bancorp from $45.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Royal Bank of Canada lifted 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. The Goldman Sachs Group boosted their target price on U.S. Bancorp from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Jefferies Financial Group decreased 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 research note on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. lowered shares of U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 price objective on the stock. in a research report on Thursday, June 27th. Thirteen 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, U.S. Bancorp has an average rating of “Hold” and a consensus price target of $48.23.

Insider Buying and Selling at U.S. Bancorp

In related news, Director Aleem Gillani bought 10,000 shares of U.S. Bancorp stock in a transaction dated Thursday, July 18th. The shares were bought at an average cost of $44.99 per share, with a total value of $449,900.00. Following the acquisition, the director now 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 the SEC website. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of NYSE:USB traded up $0.50 on Monday, hitting $44.99. The company had a trading volume of 156,672 shares, compared to its average volume of 8,299,921. The stock has a 50 day moving average price of $43.41 and a 200 day moving average price of $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. The stock has a market cap of $70.21 billion, a price-to-earnings 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.

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

U.S. Bancorp Dividend Announcement

The firm 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. This represents a $1.96 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend was Friday, June 28th. U.S. Bancorp’s dividend payout ratio (DPR) is 64.90%.

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.