U.S. Bancorp (NYSE:USB) Shares Sold by Shelton Capital Management

Shelton Capital Management decreased its stake in U.S. Bancorp (NYSE:USB) by 6.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,602 shares of the financial services provider’s stock after selling 708 shares during the period. Shelton Capital Management’s holdings in U.S. Bancorp were worth $317,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vestcor Inc grew its holdings in shares of U.S. Bancorp by 0.7% in the 4th quarter. Vestcor Inc now owns 33,480 shares of the financial services provider’s stock worth $1,460,000 after acquiring an additional 230 shares during the period. Acadian Asset Management LLC boosted its stake in shares of U.S. Bancorp by 3.0% during the 1st quarter. Acadian Asset Management LLC now owns 9,397 shares of the financial services provider’s stock worth $499,000 after purchasing an additional 276 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of U.S. Bancorp by 3.4% during the first quarter. Gamco Investors INC. ET AL now owns 8,520 shares of the financial services provider’s stock worth $453,000 after buying an additional 280 shares in the last quarter. Peoples Financial Services CORP. raised its position in shares of U.S. Bancorp by 2.4% in the second quarter. Peoples Financial Services CORP. now owns 12,875 shares of the financial services provider’s stock valued at $425,000 after buying an additional 300 shares during the last quarter. Finally, Atwood & Palmer Inc. boosted its position in U.S. Bancorp by 1.7% during the second quarter. Atwood & Palmer Inc. now owns 17,998 shares of the financial services provider’s stock worth $595,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 75.40% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of USB opened at $37.64 on Tuesday. U.S. Bancorp has a 52-week low of $27.27 and a 52-week high of $49.95. The firm has a market capitalization of $58.61 billion, a PE ratio of 11.20, a P/E/G ratio of 1.72 and a beta of 1.02. The firm has a 50-day moving average price of $33.53 and a 200 day moving average price of $34.18. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.92.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, October 18th. The financial services provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.09. The firm had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $7.02 billion. U.S. Bancorp had a return on equity of 15.80% and a net margin of 14.39%. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.18 earnings per share. On average, sell-side analysts anticipate that U.S. Bancorp will post 4.32 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, October 16th. Investors of record on Friday, September 29th were issued a $0.48 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 5.10%. U.S. Bancorp’s payout ratio is currently 57.14%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. HSBC assumed coverage on U.S. Bancorp in a research report on Thursday, September 7th. They set a “hold” rating and a $30.00 target price on the stock. StockNews.com initiated coverage on shares of U.S. Bancorp in a research report on Thursday, October 5th. They set a “sell” rating for the company. Oppenheimer lifted their price target on shares of U.S. Bancorp from $60.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, November 16th. Stephens reiterated an “overweight” rating and issued a $47.00 target price on shares of U.S. Bancorp in a report on Monday, July 24th. Finally, Bank of America cut their price objective on U.S. Bancorp from $45.00 to $40.00 in a report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $45.90.

Insider Activity at U.S. Bancorp

In related news, insider James B. Kelligrew purchased 500 shares of the company’s stock in a transaction on Sunday, August 27th. The shares were bought at an average price of $54.40 per share, with a total value of $27,200.00. Following the completion of the acquisition, the insider now owns 940 shares of the company’s stock, valued at $51,136. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired a total of 654 shares of company stock valued at $30,148 over the last ninety days. Insiders own 0.24% 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 in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.