Kure Advisory LLC Trims Stake in U.S. Bancorp (NYSE:USB)

Kure Advisory LLC lowered its holdings in U.S. Bancorp (NYSE:USB) by 6.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,871 shares of the financial services provider’s stock after selling 337 shares during the quarter. Kure Advisory LLC’s holdings in U.S. Bancorp were worth $218,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in USB. Diversified Trust Co acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at $438,000. Nordea Investment Management AB grew its stake in shares of U.S. Bancorp by 6.8% in the fourth quarter. Nordea Investment Management AB now owns 107,170 shares of the financial services provider’s stock valued at $4,654,000 after buying an additional 6,785 shares in the last quarter. BKM Wealth Management LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at $28,000. Bruce G. Allen Investments LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at $174,000. Finally, Dynamic Advisor Solutions LLC grew its stake in shares of U.S. Bancorp by 93.7% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 17,059 shares of the financial services provider’s stock valued at $747,000 after buying an additional 8,250 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on USB. Citigroup lifted their price objective on U.S. Bancorp from $45.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday. DA Davidson boosted their target price on U.S. Bancorp from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday. HSBC raised U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their target price for the stock from $47.00 to $53.00 in a research note on Thursday, March 28th. Evercore ISI boosted their target price on U.S. Bancorp from $45.00 to $48.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $45.00 target price (down from $52.00) on shares of U.S. Bancorp in a research note on Thursday, April 18th. Sixteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, U.S. Bancorp has an average rating of “Hold” and an average target price of $47.20.

U.S. Bancorp Stock Performance

USB traded up $0.35 on Friday, hitting $44.76. 11,476,084 shares of the company traded hands, compared to its average volume of 8,576,772. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.05. The company has a 50 day moving average of $40.39 and a 200-day moving average of $41.48. U.S. Bancorp has a 12-month low of $30.47 and a 12-month high of $45.85. The stock has a market capitalization of $69.85 billion, a PE ratio of 14.82, a PEG ratio of 4.39 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, July 17th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.81 billion. During the same quarter in the previous year, the firm posted $1.12 EPS. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. Sell-side analysts anticipate that U.S. Bancorp will post 3.83 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend was Friday, June 28th. U.S. Bancorp’s dividend payout ratio is currently 64.90%.

Insider Buying and Selling

In other news, Director Aleem Gillani purchased 10,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The shares were acquired at an average price of $44.99 per share, for a total transaction of $449,900.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $449,900. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.23% of the company’s stock.

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.