U.S. Bancorp (NYSE:USB) Shares Sold by MainStreet Investment Advisors LLC

MainStreet Investment Advisors LLC trimmed its position in U.S. Bancorp (NYSE:USB) by 0.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 104,245 shares of the financial services provider’s stock after selling 753 shares during the period. MainStreet Investment Advisors LLC’s holdings in U.S. Bancorp were worth $4,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in USB. Gilbert & Cook Inc. lifted its stake 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 during the period. Aveo Capital Partners LLC raised its holdings in shares of U.S. Bancorp by 5.6% during the fourth 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. Principal Securities Inc. purchased a new position in shares of U.S. Bancorp during the fourth quarter worth $1,562,000. Dana Investment Advisors Inc. lifted its position in U.S. Bancorp by 17.0% during the fourth quarter. Dana Investment Advisors Inc. now owns 19,250 shares of the financial services provider’s stock valued at $833,000 after purchasing an additional 2,790 shares during the period. Finally, JFS Wealth Advisors LLC grew its position in U.S. Bancorp by 21.3% during the 4th quarter. JFS Wealth Advisors LLC now owns 3,166 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 557 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

NYSE:USB opened at $44.49 on Friday. U.S. Bancorp has a twelve month low of $30.47 and a twelve month high of $47.31. The company has a market cap of $69.42 billion, a P/E ratio of 14.73, a P/E/G ratio of 4.57 and a beta of 1.04. 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 company’s 50-day moving average price is $43.41 and its 200-day moving average price is $42.08.

U.S. Bancorp (NYSE:USB) last posted its quarterly 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. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.81 billion. U.S. Bancorp had a return on equity of 13.34% and a net margin of 12.55%. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 EPS. On average, sell-side analysts forecast that U.S. Bancorp will post 3.89 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a $0.49 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.96 annualized dividend and a yield of 4.41%. U.S. Bancorp’s dividend payout ratio is presently 64.90%.

Insider Buying and Selling at U.S. Bancorp

In related news, Director Aleem Gillani acquired 10,000 shares of U.S. Bancorp stock in a transaction dated Thursday, July 18th. The shares were acquired at an average cost of $44.99 per share, for a total transaction of $449,900.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at $449,900. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on USB. The Goldman Sachs Group boosted their price objective on U.S. Bancorp from $42.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. UBS Group upped their price objective on U.S. Bancorp from $43.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Jefferies Financial Group cut their target price on shares of U.S. Bancorp from $43.00 to $42.00 and set a “hold” rating for the company in a report on Wednesday, July 3rd. StockNews.com upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, JPMorgan Chase & Co. lowered shares of U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 price target on the stock. in a research report on Thursday, June 27th. Thirteen equities research 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 presently has an average rating of “Hold” and a consensus price target of $48.23.

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.