Osborn Williams & Donohoe LLC Increases Stock Holdings in U.S. Bancorp (NYSE:USB)

Osborn Williams & Donohoe LLC raised its stake in U.S. Bancorp (NYSE:USB) by 12.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 178,805 shares of the financial services provider’s stock after acquiring an additional 20,163 shares during the period. U.S. Bancorp accounts for 1.0% of Osborn Williams & Donohoe LLC’s portfolio, making the stock its 29th biggest position. Osborn Williams & Donohoe LLC’s holdings in U.S. Bancorp were worth $9,369,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in U.S. Bancorp by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 18,322,754 shares of the financial services provider’s stock valued at $835,766,000 after acquiring an additional 1,285,265 shares in the last quarter. Legacy Advisors LLC purchased a new position in U.S. Bancorp in the 1st quarter worth approximately $107,000. Bell Rock Capital LLC grew its stake in U.S. Bancorp by 77.7% in the 1st quarter. Bell Rock Capital LLC now owns 2,577 shares of the financial services provider’s stock worth $123,000 after buying an additional 1,127 shares in the last quarter. Rockland Trust Co. grew its stake in U.S. Bancorp by 2.2% in the 1st quarter. Rockland Trust Co. now owns 17,095 shares of the financial services provider’s stock worth $824,000 after buying an additional 361 shares in the last quarter. Finally, Exeter Financial LLC grew its stake in U.S. Bancorp by 1.3% in the 1st quarter. Exeter Financial LLC now owns 39,759 shares of the financial services provider’s stock worth $1,916,000 after buying an additional 500 shares in the last quarter. Institutional investors own 74.63% of the company’s stock.

USB has been the subject of a number of research reports. Zacks Investment Research cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. Macquarie cut shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $59.00 price target for the company. in a research note on Thursday, August 1st. Bank of America raised shares of 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 note on Thursday, July 18th. Morgan Stanley boosted their price target 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. Finally, Deutsche Bank set a $59.00 price target on shares of U.S. Bancorp and gave the stock a “hold” rating in a research note on Friday, July 26th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $56.92.

Shares of USB traded down $1.08 during mid-day trading on Wednesday, reaching $52.48. The company’s stock had a trading volume of 4,180,012 shares, compared to its average volume of 6,065,279. The firm has a market capitalization of $88.25 billion, a PE ratio of 12.80, a PEG ratio of 1.84 and a beta of 1.06. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.83 and a current ratio of 0.84. U.S. Bancorp has a 52 week low of $43.14 and a 52 week high of $57.81. The stock’s fifty day moving average price is $54.06.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.37 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.82%. U.S. Bancorp’s payout ratio is 36.10%.

U.S. Bancorp announced that its Board of Directors has authorized a share buyback program on Thursday, June 27th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the financial services provider to purchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

In other news, Vice Chairman Shailesh M. Kotwal sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $57.33, for a total value of $1,146,600.00. Following the completion of the sale, the insider now directly owns 65,959 shares in the company, valued at approximately $3,781,429.47. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman Gillern Jeffry H. Von sold 9,428 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $55.25, for a total transaction of $520,897.00. Following the completion of the sale, the insider now owns 94,658 shares of the company’s stock, valued at $5,229,854.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,414 shares of company stock valued at $2,297,215. Company insiders own 0.24% of the company’s stock.

U.S. Bancorp 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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