U.S. Bancorp (NYSE:USB) Shares Sold by Middleton & Co Inc MA

Middleton & Co Inc MA lowered its holdings in U.S. Bancorp (NYSE:USB) by 13.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,278 shares of the financial services provider’s stock after selling 5,851 shares during the quarter. Middleton & Co Inc MA’s holdings in U.S. Bancorp were worth $2,058,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Investment Management of Virginia LLC increased its stake in shares of U.S. Bancorp by 0.9% in the first quarter. Investment Management of Virginia LLC now owns 40,597 shares of the financial services provider’s stock worth $1,956,000 after acquiring an additional 357 shares during the period. BTIM Corp. increased its stake in shares of U.S. Bancorp by 3.8% in the first quarter. BTIM Corp. now owns 1,605,781 shares of the financial services provider’s stock worth $77,383,000 after acquiring an additional 58,254 shares during the period. Rehmann Capital Advisory Group increased its stake in shares of U.S. Bancorp by 1.4% in the first quarter. Rehmann Capital Advisory Group now owns 27,436 shares of the financial services provider’s stock worth $1,322,000 after acquiring an additional 373 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of U.S. Bancorp by 2.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 9,826 shares of the financial services provider’s stock worth $474,000 after acquiring an additional 227 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of U.S. Bancorp by 0.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 160,241 shares of the financial services provider’s stock worth $8,397,000 after acquiring an additional 936 shares during the period. Hedge funds and other institutional investors own 74.63% of the company’s stock.

Shares of NYSE USB opened at $54.13 on Monday. The business’s fifty day moving average price is $53.92. U.S. Bancorp has a 1 year low of $43.14 and a 1 year high of $57.81. The stock has a market capitalization of $88.25 billion, a P/E ratio of 13.20, a PEG ratio of 1.84 and a beta of 1.06. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.84 and a quick ratio of 0.83.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Thursday, June 27th. U.S. Bancorp’s payout ratio is 36.10%.

U.S. Bancorp declared that its board has initiated a stock buyback plan on Thursday, June 27th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 3.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

A number of analysts have recently weighed in on the stock. Morgan Stanley increased their price objective on shares of U.S. Bancorp from $55.00 to $56.00 and gave the stock an “underweight” rating in a research note on Thursday, July 18th. Zacks Investment Research downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Monday, April 15th. Bank of America raised shares of U.S. Bancorp from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $49.00 to $55.00 in a report on Thursday, July 18th. Wedbush increased their price target on shares of U.S. Bancorp from $46.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. Finally, Macquarie downgraded shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $59.00 price target on the stock. in a report on Thursday. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. U.S. Bancorp currently has a consensus rating of “Hold” and a consensus target price of $56.92.

In other U.S. Bancorp news, EVP Mark G. Runkel sold 10,986 shares of the stock in a transaction on Friday, July 26th. The shares were 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 $2,591,609.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 transaction 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. Over the last ninety days, insiders have sold 40,414 shares of company stock worth $2,297,215. 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 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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