Strategic Capital Advisers Inc. Sells 2,816 Shares of U.S. Bancorp (NYSE:USB)

Strategic Capital Advisers Inc. lessened its stake in U.S. Bancorp (NYSE:USB) by 6.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,443 shares of the financial services provider’s stock after selling 2,816 shares during the period. U.S. Bancorp comprises about 2.5% of Strategic Capital Advisers Inc.’s holdings, making the stock its 15th largest holding. Strategic Capital Advisers Inc.’s holdings in U.S. Bancorp were worth $2,329,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brookmont Capital Management grew its holdings in shares of U.S. Bancorp by 0.5% during the 2nd quarter. Brookmont Capital Management now owns 36,674 shares of the financial services provider’s stock worth $1,922,000 after acquiring an additional 195 shares during the period. EagleClaw Capital Managment LLC grew its holdings in shares of U.S. Bancorp by 3.0% during the 1st quarter. EagleClaw Capital Managment LLC now owns 6,883 shares of the financial services provider’s stock worth $332,000 after acquiring an additional 200 shares during the period. Sky Investment Group LLC grew its holdings in shares of U.S. Bancorp by 1.8% during the 2nd quarter. Sky Investment Group LLC now owns 11,250 shares of the financial services provider’s stock worth $590,000 after acquiring an additional 200 shares during the period. Culbertson A N & Co. Inc. grew its holdings in shares of U.S. Bancorp by 0.5% during the 2nd quarter. Culbertson A N & Co. Inc. now owns 42,696 shares of the financial services provider’s stock worth $2,237,000 after acquiring an additional 200 shares during the period. Finally, SeaCrest Wealth Management LLC boosted its position in shares of U.S. Bancorp by 0.7% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 28,512 shares of the financial services provider’s stock worth $1,494,000 after purchasing an additional 207 shares in the last quarter. 74.63% of the stock is owned by institutional investors.

A number of analysts have recently commented on the company. Deutsche Bank set a $59.00 price target on U.S. Bancorp and gave the stock a “hold” rating in a research report on Friday, July 26th. Bank of America raised U.S. Bancorp from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $49.00 to $55.00 in a research report on Thursday, July 18th. Wedbush boosted their price target on U.S. Bancorp from $46.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Macquarie cut U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $59.00 price target on the stock. in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. raised U.S. Bancorp from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $52.50 to $57.00 in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $56.92.

USB stock traded down $0.17 during midday trading on Friday, hitting $52.79. The company’s stock had a trading volume of 5,184,776 shares, compared to its average volume of 6,391,824. The stock has a market capitalization of $83.46 billion, a P/E ratio of 12.88, a PEG ratio of 1.76 and a beta of 1.06. U.S. Bancorp has a 12 month low of $43.14 and a 12 month high of $57.81. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.83 and a current ratio of 0.84. The business has a 50-day simple moving average of $54.10.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02. The business had revenue of $5.58 billion for the quarter, compared to analysts’ expectations of $5.73 billion. U.S. Bancorp had a return on equity of 15.45% and a net margin of 26.70%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.02 EPS. On average, equities analysts predict that U.S. Bancorp will post 4.31 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $0.37 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.48 annualized dividend and a yield of 2.80%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 36.10%.

U.S. Bancorp declared that its board has authorized a stock repurchase plan on Thursday, June 27th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the financial services provider to purchase up to 3.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

In other news, EVP Mark G. Runkel sold 10,986 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $57.32, for a total transaction of $629,717.52. Following the transaction, the executive vice president now directly owns 45,213 shares of the company’s stock, valued at approximately $2,591,609.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Gillern Jeffry H. Von sold 9,428 shares of the stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $55.25, for a total value of $520,897.00. Following the transaction, the insider now directly owns 94,658 shares in the company, valued at $5,229,854.50. The disclosure for this sale can be found here. Insiders sold a total of 40,414 shares of company stock worth $2,297,215 over the last ninety days. 0.24% of the stock is currently owned by insiders.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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