Kentucky Retirement Systems Insurance Trust Fund Reduces Stock Position in U.S. Bancorp (NYSE:USB)

Kentucky Retirement Systems Insurance Trust Fund lessened its holdings in shares of U.S. Bancorp (NYSE:USB) by 7.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,383 shares of the financial services provider’s stock after selling 4,086 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in U.S. Bancorp were worth $2,297,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in USB. Motley Fool Wealth Management LLC raised its position 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 buying an additional 251 shares during the last quarter. Vestor Capital LLC boosted its holdings in shares of U.S. Bancorp by 1.5% during the 4th 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 during the last quarter. Mosaic Family Wealth Partners LLC boosted its holdings in shares of U.S. Bancorp by 1.4% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider’s stock valued at $832,000 after purchasing an additional 265 shares during the last quarter. Wealth Alliance lifted its position in shares of U.S. Bancorp by 0.5% in the fourth quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock worth $2,131,000 after buying an additional 266 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in U.S. Bancorp by 8.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,757 shares of the financial services provider’s stock valued at $163,000 after buying an additional 285 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling

In other U.S. Bancorp news, Director Aleem Gillani purchased 10,000 shares of the stock in a transaction on Thursday, July 18th. The stock was acquired at an average price of $44.99 per share, with a total value of $449,900.00. Following the completion of 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 SEC, which is available at this link. 0.23% of the stock is currently owned by company insiders.

U.S. Bancorp Trading Up 0.8 %

Shares of U.S. Bancorp stock traded up $0.37 on Friday, hitting $45.46. 5,681,656 shares of the company traded hands, compared to its average volume of 9,558,748. The stock’s 50 day moving average price is $40.74 and its 200-day moving average price is $41.52. The company has a market cap of $70.94 billion, a PE ratio of 15.05, a PEG ratio of 4.39 and a beta of 1.04. U.S. Bancorp has a 52 week low of $30.47 and a 52 week high of $45.85. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.05.

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, beating analysts’ consensus estimates of $0.94 by $0.04. The business had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.81 billion. U.S. Bancorp had a net margin of 12.55% and a return on equity of 13.34%. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 EPS. Equities research analysts predict that U.S. Bancorp will post 3.9 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend was Friday, June 28th. U.S. Bancorp’s dividend payout ratio is currently 64.90%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. StockNews.com raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Royal Bank of Canada boosted their target price on shares of U.S. Bancorp from $47.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. UBS Group increased 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. Citigroup upped their price objective on U.S. Bancorp from $45.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, July 18th. Finally, Jefferies Financial Group lowered their price objective on U.S. Bancorp from $43.00 to $42.00 and set a “hold” rating for the company in a research note on Wednesday, July 3rd. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $47.76.

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.