Journey Advisory Group LLC Sells 4,049 Shares of U.S. Bancorp (NYSE:USB)

Journey Advisory Group LLC lowered its holdings in U.S. Bancorp (NYSE:USB) by 10.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 33,419 shares of the financial services provider’s stock after selling 4,049 shares during the quarter. Journey Advisory Group LLC’s holdings in U.S. Bancorp were worth $1,327,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in USB. Norges Bank purchased a new position in shares of U.S. Bancorp in the 4th quarter valued at approximately $827,370,000. Boston Partners purchased a new position in U.S. Bancorp in the 4th quarter worth approximately $154,517,000. Confluence Investment Management LLC bought a new position in shares of U.S. Bancorp during the first quarter valued at $92,192,000. BNP Paribas Financial Markets boosted its position in shares of U.S. Bancorp by 88.9% during the first quarter. BNP Paribas Financial Markets now owns 2,331,050 shares of the financial services provider’s stock valued at $104,198,000 after buying an additional 1,097,179 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in U.S. Bancorp by 20.0% in the 4th quarter. Clearbridge Investments LLC now owns 5,974,323 shares of the financial services provider’s stock worth $258,569,000 after buying an additional 996,045 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on USB. Morgan Stanley boosted their target price on shares of U.S. Bancorp from $47.00 to $54.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. The Goldman Sachs Group boosted their price target on U.S. Bancorp from $42.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. UBS Group lifted their price objective on U.S. Bancorp from $43.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, July 18th. Jefferies Financial Group reduced their target price 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. Finally, JPMorgan Chase & Co. lowered shares of U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 price target for the company. in a research report on Thursday, June 27th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $48.23.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani purchased 10,000 shares of the business’s stock in a transaction that occurred 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 acquisition, the director now owns 10,000 shares in the company, valued at $449,900. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Trading Down 0.6 %

Shares of U.S. Bancorp stock traded down $0.29 during trading on Thursday, hitting $45.77. The stock had a trading volume of 848,063 shares, compared to its average volume of 8,320,575. The stock has a market cap of $71.42 billion, a PE ratio of 15.25, a PEG ratio of 4.57 and a beta of 1.04. U.S. Bancorp has a 12 month low of $30.47 and a 12 month high of $47.31. The firm’s fifty day simple moving average is $43.20 and its 200-day simple moving average is $42.02. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.81 and a quick ratio of 0.80.

U.S. Bancorp (NYSE:USB) last issued 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 net margin of 12.55% and a return on equity of 13.34%. The company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter in the previous year, the firm posted $1.12 earnings per share. U.S. Bancorp’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, sell-side analysts expect that U.S. Bancorp will post 3.89 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.49 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.96 dividend on an annualized basis and a yield of 4.28%. U.S. Bancorp’s dividend payout ratio is presently 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.