6,443 Shares in U.S. Bancorp (NYSE:USB) Bought by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp bought a new stake in shares of U.S. Bancorp (NYSE:USB) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 6,443 shares of the financial services provider’s stock, valued at approximately $256,000.

A number of other institutional investors have also added to or reduced their stakes in USB. Naples Global Advisors LLC grew its stake in shares of U.S. Bancorp by 0.4% in the 2nd quarter. Naples Global Advisors LLC now owns 65,360 shares of the financial services provider’s stock valued at $2,624,000 after purchasing an additional 248 shares during the period. Kavar Capital Partners Group LLC lifted its holdings in U.S. Bancorp by 4.7% in the second quarter. Kavar Capital Partners Group LLC now owns 5,555 shares of the financial services provider’s stock valued at $221,000 after buying an additional 250 shares during the period. Motley Fool Wealth Management LLC increased its holdings in U.S. Bancorp by 0.7% in 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 during the last quarter. Vestor Capital LLC raised its holdings in U.S. Bancorp by 1.5% in the fourth quarter. Vestor Capital LLC now owns 17,179 shares of the financial services provider’s stock worth $744,000 after purchasing an additional 253 shares during the period. Finally, Atlas Brown Inc. increased its holdings in shares of U.S. Bancorp by 2.1% in the second quarter. Atlas Brown Inc. now owns 12,697 shares of the financial services provider’s stock worth $504,000 after acquiring an additional 263 shares in the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Aleem Gillani purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was bought at an average price of $44.99 per share, for a total transaction of $449,900.00. Following the purchase, 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 Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Stock Up 2.7 %

U.S. Bancorp stock traded up $1.20 during midday trading on Friday, hitting $45.39. 5,094,524 shares of the stock were exchanged, compared to its average volume of 8,400,540. U.S. Bancorp has a 52-week low of $30.47 and a 52-week high of $45.88. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.05. The business’s 50-day moving average price is $42.12 and its 200-day moving average price is $41.69. The stock has a market capitalization of $70.83 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 4.20 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, beating 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 during the quarter, compared to analyst estimates of $6.81 billion. During the same period in the prior year, the company posted $1.12 earnings per share. U.S. Bancorp’s quarterly revenue was down 4.3% on a year-over-year basis. On average, research analysts expect 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. Investors of record on Friday, June 28th were given 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 payout ratio is currently 64.90%.

Analysts Set New Price Targets

USB has been the subject of several recent research reports. Citigroup upped their price objective on U.S. Bancorp from $45.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. StockNews.com raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Wells Fargo & Company increased their price target on shares of U.S. Bancorp from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Jefferies Financial Group reduced their price target on shares of U.S. Bancorp from $43.00 to $42.00 and set a “hold” rating on the stock in a research note on Wednesday, July 3rd. Finally, UBS Group boosted their price target on U.S. Bancorp from $43.00 to $46.00 and gave the stock a “neutral” rating in a report 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $48.23.

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.