U.S. Bancorp $USB Shares Sold by Private Trust Co. NA

Private Trust Co. NA reduced its holdings in U.S. Bancorp (NYSE:USB) by 1.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 21,838 shares of the financial services provider’s stock after selling 330 shares during the quarter. Private Trust Co. NA’s holdings in U.S. Bancorp were worth $988,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in USB. Brighton Jones LLC increased its stake in U.S. Bancorp by 323.0% in the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock valued at $2,309,000 after purchasing an additional 36,863 shares during the last quarter. GAMMA Investing LLC increased its stake in U.S. Bancorp by 0.9% in the first quarter. GAMMA Investing LLC now owns 36,656 shares of the financial services provider’s stock valued at $1,548,000 after purchasing an additional 333 shares during the last quarter. Kingswood Wealth Advisors LLC increased its stake in U.S. Bancorp by 3.4% in the first quarter. Kingswood Wealth Advisors LLC now owns 10,495 shares of the financial services provider’s stock valued at $443,000 after purchasing an additional 350 shares during the last quarter. Covea Finance acquired a new position in U.S. Bancorp in the first quarter valued at $3,546,000. Finally, Intact Investment Management Inc. increased its stake in U.S. Bancorp by 62.0% in the first quarter. Intact Investment Management Inc. now owns 181,000 shares of the financial services provider’s stock valued at $7,642,000 after purchasing an additional 69,300 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at U.S. Bancorp

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

U.S. Bancorp Price Performance

Shares of NYSE USB opened at $45.66 on Friday. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The business has a 50-day moving average of $47.93 and a 200-day moving average of $44.82. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.82 and a quick ratio of 0.81. The company has a market capitalization of $71.06 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 1.34 and a beta of 1.06.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, October 16th. The financial services provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.11. U.S. Bancorp had a return on equity of 13.34% and a net margin of 16.89%.The company had revenue of $7.34 billion during the quarter, compared to the consensus estimate of $7.17 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The company’s revenue was up 6.8% compared to the same quarter last year. On average, equities analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 4.6%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 47.60%.

Analyst Upgrades and Downgrades

USB has been the subject of several analyst reports. Bank of America upped their target price on U.S. Bancorp from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Friday. Evercore ISI upped their price target on U.S. Bancorp from $49.00 to $54.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 30th. The Goldman Sachs Group set a $52.00 price target on U.S. Bancorp and gave the stock a “neutral” rating in a research note on Friday. Citigroup upped their price target on U.S. Bancorp from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of U.S. Bancorp in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, U.S. Bancorp has an average rating of “Moderate Buy” and an average price target of $54.48.

About U.S. Bancorp

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.