Elgethun Capital Management Has $4.70 Million Holdings in U.S. Bancorp (NYSE:USB)

Elgethun Capital Management increased its holdings in shares of U.S. Bancorp (NYSE:USB) by 0.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 142,175 shares of the financial services provider’s stock after purchasing an additional 603 shares during the quarter. U.S. Bancorp makes up about 1.4% of Elgethun Capital Management’s investment portfolio, making the stock its 21st biggest holding. Elgethun Capital Management’s holdings in U.S. Bancorp were worth $4,697,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich increased its holdings in U.S. Bancorp by 97,087.5% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 683,204,992 shares of the financial services provider’s stock worth $22,573,093,000 after buying an additional 682,502,016 shares during the last quarter. BlackRock Inc. grew its holdings in U.S. Bancorp by 3.9% during the first quarter. BlackRock Inc. now owns 104,397,877 shares of the financial services provider’s stock worth $3,763,543,000 after purchasing an additional 3,909,037 shares during the period. Moneta Group Investment Advisors LLC lifted its position in shares of U.S. Bancorp by 130,768.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 60,273,882 shares of the financial services provider’s stock valued at $2,628,544,000 after buying an additional 60,227,825 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of U.S. Bancorp by 43.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 46,837,595 shares of the financial services provider’s stock worth $1,688,496,000 after acquiring an additional 14,080,781 shares during the last quarter. Finally, FMR LLC raised its stake in U.S. Bancorp by 61.3% in the 1st quarter. FMR LLC now owns 39,195,702 shares of the financial services provider’s stock valued at $1,413,005,000 after acquiring an additional 14,892,212 shares during the period. Institutional investors own 75.40% of the company’s stock.

Insider Transactions at U.S. Bancorp

In other news, insider James B. Kelligrew acquired 500 shares of U.S. Bancorp stock in a transaction that occurred on Sunday, August 27th. The shares were acquired at an average price of $54.40 per share, for a total transaction of $27,200.00. Following the transaction, the insider now directly owns 940 shares of the company’s stock, valued at approximately $51,136. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders purchased 654 shares of company stock worth $30,148. Corporate insiders own 0.24% of the company’s stock.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock traded down $0.37 during trading on Tuesday, reaching $37.26. 767,046 shares of the company’s stock were exchanged, compared to its average volume of 13,700,970. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.80 and a current ratio of 0.80. U.S. Bancorp has a 1-year low of $27.27 and a 1-year high of $49.95. The company has a market cap of $58.01 billion, a P/E ratio of 11.20, a PEG ratio of 1.72 and a beta of 1.02. The firm’s 50-day moving average price is $33.53 and its 200 day moving average price is $34.18.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $1.05 EPS for the quarter, topping the consensus estimate of $0.96 by $0.09. U.S. Bancorp had a return on equity of 15.80% and a net margin of 14.39%. The firm had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $7.02 billion. During the same quarter in the previous year, the firm earned $1.18 earnings per share. The business’s quarterly revenue was up 11.2% on a year-over-year basis. As a group, research analysts anticipate that U.S. Bancorp will post 4.32 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, October 16th. Shareholders of record on Friday, September 29th were paid a dividend of $0.48 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 5.15%. U.S. Bancorp’s payout ratio is presently 57.14%.

Analyst Ratings Changes

Several brokerages have recently weighed in on USB. Stephens reissued an “overweight” rating and issued a $47.00 price objective on shares of U.S. Bancorp in a research report on Monday, July 24th. HSBC initiated coverage on shares of U.S. Bancorp in a research report on Thursday, September 7th. They set a “hold” rating and a $30.00 price objective for the company. StockNews.com began coverage on U.S. Bancorp in a research note on Thursday, October 5th. They set a “sell” rating on the stock. Citigroup reduced their price target on U.S. Bancorp from $40.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, September 22nd. Finally, Jefferies Financial Group lowered their price objective on U.S. Bancorp from $36.00 to $31.00 in a research report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, U.S. Bancorp currently has a consensus rating of “Hold” and an average price target of $45.90.

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 in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.