Linden Thomas Advisory Services LLC lessened its holdings in U.S. Bancorp (NYSE:USB – Free Report) by 2.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,759 shares of the financial services provider’s stock after selling 568 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in U.S. Bancorp were worth $1,102,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of USB. RDA Financial Network raised its stake in shares of U.S. Bancorp by 13.8% during the 2nd quarter. RDA Financial Network now owns 12,318 shares of the financial services provider’s stock valued at $489,000 after buying an additional 1,494 shares during the last quarter. Thomasville National Bank lifted its holdings in U.S. Bancorp by 3.7% in the second quarter. Thomasville National Bank now owns 629,621 shares of the financial services provider’s stock valued at $24,996,000 after acquiring an additional 22,745 shares during the period. Professional Advisory Services Inc. boosted its position in U.S. Bancorp by 8.6% in the 2nd quarter. Professional Advisory Services Inc. now owns 525,038 shares of the financial services provider’s stock worth $20,844,000 after purchasing an additional 41,559 shares in the last quarter. CWM LLC grew its stake in shares of U.S. Bancorp by 8.6% during the 2nd quarter. CWM LLC now owns 159,049 shares of the financial services provider’s stock worth $6,314,000 after purchasing an additional 12,570 shares during the period. Finally, AMF Tjanstepension AB increased its holdings in shares of U.S. Bancorp by 25.9% during the 2nd quarter. AMF Tjanstepension AB now owns 455,191 shares of the financial services provider’s stock valued at $18,131,000 after purchasing an additional 93,555 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.
U.S. Bancorp Stock Up 0.9 %
Shares of NYSE:USB opened at $41.76 on Friday. The firm’s 50-day moving average is $41.24 and its two-hundred day moving average is $41.60. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.81 and a quick ratio of 0.80. U.S. Bancorp has a 1 year low of $30.47 and a 1 year high of $45.88. The firm has a market capitalization of $65.16 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 4.20 and a beta of 1.04.
U.S. Bancorp (NYSE:USB – Get Free Report) last announced its earnings results on Wednesday, July 17th. The financial services provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.04. The firm had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.81 billion. U.S. Bancorp had a net margin of 12.55% and a return on equity of 13.34%. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 EPS. Analysts predict that U.S. Bancorp will post 3.9 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. Investors of record on Friday, June 28th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.96 annualized dividend and a yield of 4.69%. U.S. Bancorp’s payout ratio is 64.90%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on USB. Royal Bank of Canada increased their price target on U.S. Bancorp from $47.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. StockNews.com raised U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th. Morgan Stanley lifted their price target on U.S. Bancorp from $47.00 to $54.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. lowered shares of U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 price objective for the company. in a report on Thursday, June 27th. Finally, UBS Group lifted their target price on shares of U.S. Bancorp from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $48.23.
Read Our Latest Report on U.S. Bancorp
Insiders Place Their Bets
In related news, Director Aleem Gillani acquired 10,000 shares of the stock in a transaction dated Thursday, July 18th. The stock was acquired at an average cost of $44.99 per share, with a total value of $449,900.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at approximately $449,900. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.23% of the stock is owned by company insiders.
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.
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Source: defenseworld.net
