Wealth Alliance Decreases Holdings in U.S. Bancorp (NYSE:USB)

Wealth Alliance trimmed its holdings in shares of U.S. Bancorp (NYSE:USBFree Report) by 14.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,182 shares of the financial services provider’s stock after selling 6,937 shares during the period. Wealth Alliance’s holdings in U.S. Bancorp were worth $1,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of USB. Gilbert & Cook Inc. lifted its holdings in U.S. Bancorp by 4.0% during the 4th quarter. Gilbert & Cook Inc. now owns 15,483 shares of the financial services provider’s stock worth $670,000 after buying an additional 593 shares during the last quarter. Aveo Capital Partners LLC increased its position in shares of U.S. Bancorp by 5.6% during the fourth quarter. Aveo Capital Partners LLC now owns 11,167 shares of the financial services provider’s stock worth $483,000 after purchasing an additional 592 shares in the last quarter. TrinityPoint Wealth LLC acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth about $308,000. Sachetta LLC acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth about $124,000. Finally, CreativeOne Wealth LLC increased its position in shares of U.S. Bancorp by 36.2% during the fourth quarter. CreativeOne Wealth LLC now owns 14,477 shares of the financial services provider’s stock worth $627,000 after purchasing an additional 3,846 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Price Performance

Shares of USB opened at $44.68 on Wednesday. U.S. Bancorp has a twelve month low of $30.47 and a twelve month high of $47.31. The stock’s 50 day moving average is $44.14 and its two-hundred day moving average is $42.25. The firm has a market capitalization of $69.72 billion, a PE ratio of 14.79, a P/E/G ratio of 4.36 and a beta of 1.04. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.05.

U.S. Bancorp (NYSE:USBGet Free Report) last announced its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.94 by $0.04. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.81 billion. U.S. Bancorp had a return on equity of 13.34% and a net margin of 12.55%. The company’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.12 EPS. Research analysts anticipate that U.S. Bancorp will post 3.87 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.50 per share. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.49. The ex-dividend date is Monday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 4.48%. U.S. Bancorp’s payout ratio is 66.23%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Jefferies Financial Group cut their target price on U.S. Bancorp from $43.00 to $42.00 and set a “hold” rating on the stock in a research report on Wednesday, July 3rd. JPMorgan Chase & Co. cut U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 price target on the stock. in a research report on Thursday, June 27th. Royal Bank of Canada restated an “outperform” rating and issued a $48.00 price target on shares of U.S. Bancorp in a research report on Friday, September 13th. Morgan Stanley boosted their price target on U.S. Bancorp from $47.00 to $54.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. Finally, StockNews.com upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $48.18.

View Our Latest Stock Report on U.S. Bancorp

Insider Transactions at U.S. Bancorp

In other news, Director Aleem Gillani purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, July 18th. The shares were acquired at an average price of $44.99 per share, with a total value of $449,900.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $449,900. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp Profile

(Free Report)

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.

See Also

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

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