U.S. Bancorp (NYSE:USB) Shares Purchased by Bank of Stockton

Bank of Stockton raised its stake in shares of U.S. Bancorp (NYSE:USB) by 26.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,152 shares of the financial services provider’s stock after purchasing an additional 2,579 shares during the period. Bank of Stockton’s holdings in U.S. Bancorp were worth $482,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. CWM LLC increased its position in shares of U.S. Bancorp by 34.9% in the fourth quarter. CWM LLC now owns 150,852 shares of the financial services provider’s stock worth $6,529,000 after acquiring an additional 39,067 shares in the last quarter. RWA Wealth Partners LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter worth $413,000. Linden Thomas Advisory Services LLC increased its position in shares of U.S. Bancorp by 3.1% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 27,330 shares of the financial services provider’s stock worth $1,183,000 after acquiring an additional 823 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter worth $513,000. Finally, Atria Wealth Solutions Inc. increased its position in shares of U.S. Bancorp by 16.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 61,244 shares of the financial services provider’s stock worth $2,661,000 after acquiring an additional 8,750 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock traded up $1.20 during trading hours on Friday, reaching $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 company’s 50 day simple moving average is $42.12 and its 200 day simple moving average is $41.70. 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 has a one year low of $30.47 and a one year high of $45.88. The stock has a market cap of $70.83 billion, a P/E 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 posted its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.98 earnings per share (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 for the quarter, compared to the consensus estimate of $6.81 billion. During the same period last year, the firm posted $1.12 EPS. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. As a group, analysts expect that U.S. Bancorp will post 3.9 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors 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 dividend yield of 4.32%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

Insider Buying and Selling

In other news, Director Aleem Gillani acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The shares were acquired at an average price of $44.99 per share, with a total value of $449,900.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at $449,900. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on USB shares. Morgan Stanley raised their price target on shares of U.S. Bancorp from $47.00 to $54.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Evercore ISI raised their price target on shares of U.S. Bancorp from $45.00 to $48.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. UBS Group raised their price target on shares of U.S. Bancorp from $43.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Royal Bank of Canada raised their price target on shares of U.S. Bancorp from $47.00 to $48.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Finally, StockNews.com raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.