Strategic Wealth Advisors Group LLC decreased its stake in U.S. Bancorp (NYSE:USB) by 38.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,591 shares of the financial services provider’s stock after selling 10,783 shares during the period. Strategic Wealth Advisors Group LLC’s holdings in U.S. Bancorp were worth $879,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of USB. SVA Plumb Wealth Management LLC grew its stake in shares of U.S. Bancorp by 0.7% during the 1st quarter. SVA Plumb Wealth Management LLC now owns 141,200 shares of the financial services provider’s stock worth $7,567,000 after purchasing an additional 980 shares during the period. EagleClaw Capital Managment LLC grew its stake in shares of U.S. Bancorp by 22.2% during the 1st quarter. EagleClaw Capital Managment LLC now owns 5,500 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 1,000 shares during the period. Field & Main Bank grew its stake in shares of U.S. Bancorp by 49.9% during the 2nd quarter. Field & Main Bank now owns 3,004 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 1,000 shares during the period. Auxier Asset Management grew its stake in shares of U.S. Bancorp by 8.6% during the 2nd quarter. Auxier Asset Management now owns 12,660 shares of the financial services provider’s stock worth $633,000 after purchasing an additional 1,000 shares during the period. Finally, Homrich & Berg grew its stake in shares of U.S. Bancorp by 2.9% during the 2nd quarter. Homrich & Berg now owns 35,620 shares of the financial services provider’s stock worth $1,782,000 after purchasing an additional 1,018 shares during the period. Institutional investors and hedge funds own 74.29% of the company’s stock.

In other news, Vice Chairman John R. Elmore sold 58,924 shares of U.S. Bancorp stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $51.71, for a total transaction of $3,046,960.04. Following the sale, the insider now owns 98,371 shares in the company, valued at $5,086,764.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.43% of the company’s stock.

NYSE USB traded down $1.03 during mid-day trading on Friday, hitting $50.79. The company’s stock had a trading volume of 12,592,021 shares, compared to its average volume of 6,813,398. U.S. Bancorp has a 52-week low of $48.49 and a 52-week high of $58.50. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.82 and a current ratio of 0.83. The firm has a market capitalization of $86.03 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 1.73 and a beta of 0.98.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, July 18th. The financial services provider reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.01. The firm had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.64 billion. U.S. Bancorp had a net margin of 26.96% and a return on equity of 14.66%. U.S. Bancorp’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 earnings per share. Sell-side analysts forecast that U.S. Bancorp will post 4.07 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.91%. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.30. U.S. Bancorp’s dividend payout ratio (DPR) is currently 43.27%.

A number of equities research analysts recently commented on USB shares. ValuEngine cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Wedbush reissued a “neutral” rating on shares of U.S. Bancorp in a research note on Monday, July 23rd. Zacks Investment Research raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research note on Tuesday, September 18th. Finally, Macquarie raised shares of U.S. Bancorp from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $56.00 to $62.00 in a research note on Wednesday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $59.72.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through 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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