Annex Advisory Services LLC Has $706,000 Holdings in U.S. Bancorp (NYSE:USB)

Annex Advisory Services LLC trimmed its position in U.S. Bancorp (NYSE:USB) by 3.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 17,774 shares of the financial services provider’s stock after selling 650 shares during the period. Annex Advisory Services LLC’s holdings in U.S. Bancorp were worth $706,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Financial Synergies Wealth Advisors Inc. purchased a new stake in shares of U.S. Bancorp during the 1st quarter valued at approximately $30,000. LRI Investments LLC bought a new stake in U.S. Bancorp during the first quarter worth about $31,000. Eagle Bay Advisors LLC boosted its stake in U.S. Bancorp by 93.2% during the first quarter. Eagle Bay Advisors LLC now owns 686 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 331 shares in the last quarter. Naples Money Management LLC bought a new position in shares of U.S. Bancorp in the fourth quarter worth approximately $30,000. Finally, Crewe Advisors LLC bought a new position in shares of U.S. Bancorp in the first quarter worth approximately $39,000. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Stock Up 0.7 %

USB traded up $0.31 during trading hours on Friday, reaching $42.07. 6,486,583 shares of the stock traded hands, compared to its average volume of 8,555,180. The firm’s fifty day simple moving average is $41.27 and its two-hundred day simple moving average is $41.60. The company has a market cap of $65.65 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 4.20 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 $45.88. 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 (NYSE:USB) last announced its quarterly earnings data 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. U.S. Bancorp had a net margin of 12.55% and a return on equity of 13.34%. The company had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.81 billion. During the same period last year, the business earned $1.12 EPS. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, analysts forecast that U.S. Bancorp will post 3.9 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.49 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.66%. U.S. Bancorp’s payout ratio is currently 64.90%.

Wall Street Analyst Weigh In

A number of analysts have commented on USB shares. Royal Bank of Canada upped their target price on shares of U.S. Bancorp from $47.00 to $48.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Citigroup raised their target price on shares of U.S. Bancorp from $45.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. Evercore ISI raised their price target on shares of 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. StockNews.com raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. downgraded 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 investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $48.23.

Insider Buying and Selling

In other news, Director Aleem Gillani purchased 10,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were acquired at an average price 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 of the company’s stock, valued at $449,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.23% of the company’s stock.

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.