U.S. Bancorp (NYSE:USB) Stock Holdings Lessened by Litman Gregory Wealth Management LLC

Litman Gregory Wealth Management LLC lowered its stake in U.S. Bancorp (NYSE:USB) by 27.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,425 shares of the financial services provider’s stock after selling 10,750 shares during the period. Litman Gregory Wealth Management LLC’s holdings in U.S. Bancorp were worth $1,300,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Valmark Advisers Inc. grew its stake in shares of U.S. Bancorp by 2.9% during the second quarter. Valmark Advisers Inc. now owns 8,707 shares of the financial services provider’s stock valued at $346,000 after purchasing an additional 242 shares during the last quarter. Waldron Private Wealth LLC grew its stake in shares of U.S. Bancorp by 1.9% during the second quarter. Waldron Private Wealth LLC now owns 13,285 shares of the financial services provider’s stock valued at $534,000 after purchasing an additional 247 shares during the last quarter. Naples Global Advisors LLC grew its stake in shares of U.S. Bancorp by 0.4% during the second quarter. Naples Global Advisors LLC now owns 65,360 shares of the financial services provider’s stock valued at $2,624,000 after purchasing an additional 248 shares during the last quarter. Kavar Capital Partners Group LLC grew its stake in shares of U.S. Bancorp by 4.7% during the second quarter. Kavar Capital Partners Group LLC now owns 5,555 shares of the financial services provider’s stock valued at $221,000 after purchasing an additional 250 shares during the last quarter. Finally, STAR Financial Bank boosted its stake in U.S. Bancorp by 3.3% in the second quarter. STAR Financial Bank now owns 7,772 shares of the financial services provider’s stock valued at $309,000 after acquiring an additional 250 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of U.S. Bancorp stock in a transaction on Friday, October 18th. The shares were sold at an average price of $49.03, for a total value of $1,225,750.00. Following the sale, the insider now directly owns 129,790 shares in the company, valued at approximately $6,363,603.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on USB shares. StockNews.com raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. DA Davidson increased their target price on shares of U.S. Bancorp from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Royal Bank of Canada set a $53.00 target price on shares of U.S. Bancorp in a report on Thursday, October 17th. Evercore ISI increased their target price on shares of U.S. Bancorp from $49.00 to $51.00 and gave the stock an “in-line” rating in a report on Wednesday, October 2nd. Finally, The Goldman Sachs Group cut their target price on shares of U.S. Bancorp from $48.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $50.71.

U.S. Bancorp Stock Up 0.1 %

USB stock traded up $0.07 during midday trading on Wednesday, hitting $48.10. The company’s stock had a trading volume of 906,697 shares, compared to its average volume of 8,340,025. 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 twelve month low of $30.47 and a twelve month high of $50.47. The company’s fifty day moving average price is $45.48 and its 200 day moving average price is $42.73. The stock has a market capitalization of $75.06 billion, a P/E ratio of 15.90, a PEG ratio of 3.32 and a beta of 1.03.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.04. U.S. Bancorp had a net margin of 12.55% and a return on equity of 13.34%. The firm had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.90 billion. During the same period in the previous year, the business earned $1.05 EPS. The company’s revenue was down 2.4% compared to the same quarter last year. As a group, equities research analysts predict that U.S. Bancorp will post 3.86 EPS for the current year.

U.S. Bancorp declared that its Board of Directors has approved a share repurchase plan on Thursday, September 12th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the financial services provider to buy up to 7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

U.S. Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.50 dividend. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a yield of 4.16%. The ex-dividend date was Monday, September 30th. U.S. Bancorp’s payout ratio is presently 66.23%.

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.