Stableford Capital II LLC Trims Holdings in U.S. Bancorp $USB

Stableford Capital II LLC reduced its holdings in shares of U.S. Bancorp (NYSE:USB) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,205 shares of the financial services provider’s stock after selling 448 shares during the period. Stableford Capital II LLC’s holdings in U.S. Bancorp were worth $1,167,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Saudi Central Bank bought a new position in shares of U.S. Bancorp during the first quarter valued at approximately $26,000. Westend Capital Management LLC purchased a new stake in shares of U.S. Bancorp in the 1st quarter worth approximately $27,000. YANKCOM Partnership increased its position in U.S. Bancorp by 59.4% during the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock valued at $29,000 after buying an additional 260 shares in the last quarter. Alpine Bank Wealth Management purchased a new position in U.S. Bancorp during the first quarter valued at $30,000. Finally, Cornerstone Planning Group LLC boosted its holdings in U.S. Bancorp by 118.0% in the first quarter. Cornerstone Planning Group LLC now owns 776 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 420 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

Wall Street Analyst Weigh In

USB has been the subject of several analyst reports. Morgan Stanley set a $56.00 price target on U.S. Bancorp and gave the company an “equal weight” rating in a report on Monday, September 29th. Weiss Ratings restated a “buy (b-)” rating on shares of U.S. Bancorp in a research note on Wednesday, October 8th. Oppenheimer decreased their target price on shares of U.S. Bancorp from $67.00 to $66.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. UBS Group increased their price target on shares of U.S. Bancorp from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Finally, DA Davidson boosted their price objective on shares of U.S. Bancorp from $49.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.11.

U.S. Bancorp Stock Down 1.4%

USB opened at $46.43 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. The firm has a 50 day moving average price of $47.88 and a 200-day moving average price of $44.76. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98. The stock has a market capitalization of $72.26 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 1.38 and a beta of 1.06.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.04. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The company had revenue of $7.06 billion for the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter last year, the company posted $0.98 earnings per share. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. Equities research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $0.52 dividend. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, September 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.5%. U.S. Bancorp’s dividend payout ratio (DPR) is 49.76%.

Insider Activity at U.S. Bancorp

In related news, EVP Souheil Badran sold 23,727 shares of the company’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the completion of the sale, the executive vice president owned 70,346 shares in the company, valued at approximately $3,259,833.64. This represents a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is owned by insiders.

U.S. Bancorp 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.