U.S. Bancorp (NYSE:USB) Position Trimmed by Natixis

Natixis lessened its stake in U.S. Bancorp (NYSE:USB) by 64.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,006 shares of the financial services provider’s stock after selling 171,742 shares during the period. Natixis’ holdings in U.S. Bancorp were worth $4,247,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BKM Wealth Management LLC bought a new position in U.S. Bancorp in the 4th quarter valued at about $26,000. Planned Solutions Inc. bought a new position in U.S. Bancorp in the 4th quarter valued at about $27,000. Financial Synergies Wealth Advisors Inc. acquired a new stake in U.S. Bancorp in the 1st quarter valued at about $30,000. Eagle Bay Advisors LLC lifted its holdings in U.S. Bancorp by 93.2% in the 1st quarter. Eagle Bay Advisors LLC now owns 686 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 331 shares during the last quarter. Finally, Naples Money Management LLC acquired a new stake in U.S. Bancorp in the 4th quarter valued at about $30,000. Institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In related news, Director Aleem Gillani purchased 10,000 shares of the stock in a transaction on Thursday, July 18th. The shares were bought at an average price of $44.99 per share, for a total transaction of $449,900.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $449,900. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp Trading Up 0.6 %

NYSE:USB opened at $45.37 on Friday. The stock’s 50 day moving average price is $40.65 and its 200 day moving average price is $41.53. U.S. Bancorp has a 52 week low of $30.47 and a 52 week high of $45.85. The company has a market capitalization of $70.80 billion, a P/E ratio of 14.93, a P/E/G ratio of 3.98 and a beta of 1.04. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.80 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.04. U.S. Bancorp had a return on equity of 13.34% and a net margin of 12.55%. The firm had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter in the prior year, the company posted $1.12 earnings per share. The firm’s revenue was down 4.3% on a year-over-year basis. On average, research analysts forecast that U.S. Bancorp will post 3.9 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.96 annualized dividend and a yield of 4.32%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

Analysts Set New Price Targets

A number of brokerages have weighed in on USB. Barclays cut their price target on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Jefferies Financial Group cut their price target on shares of U.S. Bancorp from $43.00 to $42.00 and set a “hold” rating for the company in a report on Wednesday, July 3rd. HSBC raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and upped their price target for the company from $47.00 to $53.00 in a report on Thursday, March 28th. Royal Bank of Canada upped their price objective on shares of U.S. Bancorp from $47.00 to $48.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. Finally, UBS Group upped their price objective on shares of U.S. Bancorp from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $47.76.

U.S. Bancorp Company Profile

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.