Bcwm LLC Grows Position in U.S. Bancorp (NYSE:USB)

Bcwm LLC raised its holdings in shares of U.S. Bancorp (NYSE:USB) by 6.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 118,118 shares of the financial services provider’s stock after purchasing an additional 7,249 shares during the period. U.S. Bancorp accounts for about 1.7% of Bcwm LLC’s portfolio, making the stock its 28th largest position. Bcwm LLC’s holdings in U.S. Bancorp were worth $4,689,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Gilbert & Cook Inc. boosted its position in U.S. Bancorp by 4.0% during the 4th quarter. Gilbert & Cook Inc. now owns 15,483 shares of the financial services provider’s stock valued at $670,000 after acquiring an additional 593 shares in the last quarter. Aveo Capital Partners LLC lifted its stake in shares of U.S. Bancorp by 5.6% during the 4th quarter. Aveo Capital Partners LLC now owns 11,167 shares of the financial services provider’s stock worth $483,000 after purchasing an additional 592 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in U.S. Bancorp during the fourth quarter valued at about $14,014,000. Meridian Wealth Management LLC grew its stake in U.S. Bancorp by 5.2% in the fourth quarter. Meridian Wealth Management LLC now owns 10,884 shares of the financial services provider’s stock valued at $471,000 after purchasing an additional 536 shares during the last quarter. Finally, TrinityPoint Wealth LLC bought a new position in U.S. Bancorp in the fourth quarter worth about $308,000. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

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

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, topping the consensus estimate of $0.94 by $0.04. U.S. Bancorp had a return on equity of 13.34% and a net margin of 12.55%. The firm had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.81 billion. During the same period last year, the company earned $1.12 earnings per share. U.S. Bancorp’s revenue for the quarter was down 4.3% compared to the same quarter last year. Research analysts expect that U.S. Bancorp will post 3.87 EPS for the current year.

U.S. Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.48%. This is a positive change 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 payout ratio is 66.23%.

Insider Activity at U.S. Bancorp

In other news, Director Aleem Gillani acquired 10,000 shares of the business’s stock in a transaction on Thursday, July 18th. The stock was bought at an average price of $44.99 per share, with a total value of $449,900.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $449,900. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on USB shares. Citigroup raised their price target on shares of U.S. Bancorp from $45.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Morgan Stanley lifted their price target on shares of U.S. Bancorp from $47.00 to $54.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Wells Fargo & Company increased their price objective on U.S. Bancorp from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $48.00 price objective on shares of U.S. Bancorp in a research report on Friday. Finally, DA Davidson upped their target price on U.S. Bancorp from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, July 18th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, U.S. Bancorp presently has an average rating of “Hold” and an average target price of $48.18.

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.