WD Rutherford LLC Purchases 1,056 Shares of U.S. Bancorp (NYSE:USB)

WD Rutherford LLC boosted its stake in shares of U.S. Bancorp (NYSE:USB) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,616 shares of the financial services provider’s stock after buying an additional 1,056 shares during the period. U.S. Bancorp makes up about 1.7% of WD Rutherford LLC’s investment portfolio, making the stock its 26th largest holding. WD Rutherford LLC’s holdings in U.S. Bancorp were worth $3,359,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in U.S. Bancorp by 0.4% during the first quarter. Vanguard Group Inc. now owns 135,371,282 shares of the financial services provider’s stock valued at $6,051,096,000 after buying an additional 502,776 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of U.S. Bancorp by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 33,719,110 shares of the financial services provider’s stock worth $1,459,363,000 after purchasing an additional 2,598,163 shares in the last quarter. Norges Bank bought a new stake in shares of U.S. Bancorp in the 4th quarter worth $827,370,000. Van ECK Associates Corp increased its holdings in shares of U.S. Bancorp by 3.0% in the 1st quarter. Van ECK Associates Corp now owns 9,207,376 shares of the financial services provider’s stock worth $411,570,000 after purchasing an additional 265,734 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in shares of U.S. Bancorp by 0.3% in the 1st quarter. First Eagle Investment Management LLC now owns 8,921,691 shares of the financial services provider’s stock worth $398,800,000 after purchasing an additional 23,826 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling

In related news, Director Aleem Gillani acquired 10,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were acquired at an average cost of $44.99 per share, for a total transaction of $449,900.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $449,900. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.23% of the stock is owned by company insiders.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock traded up $1.20 during trading hours on Friday, hitting $45.39. The company’s stock had a trading volume of 5,094,524 shares, compared to its average volume of 8,400,540. The business has a 50 day moving average price of $42.12 and a two-hundred day moving average price of $41.71. U.S. Bancorp has a 12-month low of $30.47 and a 12-month high of $45.88. The company has a market cap of $70.83 billion, a PE ratio of 15.03, a PEG ratio of 4.20 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 posted its earnings results 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. The company had revenue of $6.87 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.12 earnings per share. Analysts expect that U.S. Bancorp will post 3.9 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $0.49 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.32%. U.S. Bancorp’s dividend payout ratio is currently 64.90%.

Analyst Ratings Changes

A number of analysts have commented on the company. 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. JPMorgan Chase & Co. lowered U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 target price for the company. in a report on Thursday, June 27th. 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. DA Davidson lifted their price objective on U.S. Bancorp from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. Finally, The Goldman Sachs Group lifted their price objective on U.S. Bancorp from $42.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $48.23.

U.S. Bancorp 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.