U.S. Bancorp (NYSE:USB) Position Cut by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd trimmed its stake in U.S. Bancorp (NYSE:USB) by 11.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 123,766 shares of the financial services provider’s stock after selling 15,264 shares during the quarter. Gulf International Bank UK Ltd’s holdings in U.S. Bancorp were worth $4,913,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Motley Fool Wealth Management LLC raised its stake in shares of U.S. Bancorp by 0.7% during the first quarter. Motley Fool Wealth Management LLC now owns 38,362 shares of the financial services provider’s stock valued at $1,715,000 after purchasing an additional 251 shares in the last quarter. Vestor Capital LLC raised its stake in shares of U.S. Bancorp by 1.5% during the fourth quarter. Vestor Capital LLC now owns 17,179 shares of the financial services provider’s stock valued at $744,000 after purchasing an additional 253 shares in the last quarter. Mosaic Family Wealth Partners LLC raised its stake in shares of U.S. Bancorp by 1.4% during the first quarter. Mosaic Family Wealth Partners LLC now owns 19,487 shares of the financial services provider’s stock valued at $871,000 after purchasing an additional 264 shares in the last quarter. Wealth Alliance raised its stake in shares of U.S. Bancorp by 0.5% during the fourth quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock valued at $2,131,000 after purchasing an additional 266 shares in the last quarter. Finally, First Financial Bank Trust Division raised its stake in shares of U.S. Bancorp by 0.9% during the second quarter. First Financial Bank Trust Division now owns 31,253 shares of the financial services provider’s stock valued at $1,241,000 after purchasing an additional 269 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Aleem Gillani bought 10,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was purchased at an average price of $44.99 per share, with a total value of $449,900.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $449,900. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. The Goldman Sachs Group lifted their target price on U.S. Bancorp from $42.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. Royal Bank of Canada lifted their target price on U.S. Bancorp from $47.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. Morgan Stanley lifted their target price on U.S. Bancorp from $47.00 to $54.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Wells Fargo & Company lifted their target price on U.S. Bancorp from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Finally, Citigroup lifted their price target on U.S. Bancorp from $45.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $48.23.

U.S. Bancorp Stock Down 0.6 %

Shares of NYSE USB traded down $0.27 during trading hours on Wednesday, hitting $41.40. The stock had a trading volume of 6,839,957 shares, compared to its average volume of 8,583,247. The company has a market capitalization of $64.60 billion, a P/E ratio of 13.71, a P/E/G ratio of 4.20 and a beta of 1.04. The firm’s 50-day moving average price is $41.19 and its two-hundred day moving average price is $41.60. U.S. Bancorp has a 52 week low of $30.47 and a 52 week high of $45.88. 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 announced its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.94 by $0.04. The business had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.81 billion. U.S. Bancorp had a return on equity of 13.34% and a net margin of 12.55%. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.12 EPS. Analysts anticipate that U.S. Bancorp will post 3.9 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $0.49 per share. The ex-dividend date was Friday, June 28th. This represents a $1.96 dividend on an annualized basis and a yield of 4.73%. U.S. Bancorp’s payout ratio is currently 64.90%.

About U.S. Bancorp

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.