U.S. Bancorp (NYSE:USB) Shares Sold by Angeles Investment Advisors LLC

Angeles Investment Advisors LLC reduced its position in U.S. Bancorp (NYSE:USB) by 4.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,576 shares of the financial services provider’s stock after selling 943 shares during the quarter. Angeles Investment Advisors LLC’s holdings in U.S. Bancorp were worth $787,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of USB. Gilbert & Cook Inc. boosted its stake in U.S. Bancorp by 4.0% during the 4th quarter. Gilbert & Cook Inc. now owns 15,483 shares of the financial services provider’s stock worth $670,000 after purchasing an additional 593 shares during the period. Aveo Capital Partners LLC lifted its holdings in shares of U.S. Bancorp by 5.6% in the 4th quarter. Aveo Capital Partners LLC now owns 11,167 shares of the financial services provider’s stock valued at $483,000 after buying an additional 592 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $14,014,000. Meridian Wealth Management LLC grew its holdings in U.S. Bancorp by 5.2% during the fourth quarter. Meridian Wealth Management LLC now owns 10,884 shares of the financial services provider’s stock worth $471,000 after acquiring an additional 536 shares during the period. Finally, TrinityPoint Wealth LLC purchased a new position in U.S. Bancorp in the fourth quarter worth $308,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Morgan Stanley boosted their target price on shares of U.S. Bancorp from $47.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Royal Bank of Canada reissued an “outperform” rating and set a $48.00 price objective on shares of U.S. Bancorp in a report on Friday. StockNews.com upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. DA Davidson boosted their price target on U.S. Bancorp from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. Finally, Citigroup raised their price objective on U.S. Bancorp from $45.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, U.S. Bancorp currently has a consensus rating of “Hold” and a consensus target price of $48.18.

U.S. Bancorp Stock Up 1.8 %

USB stock opened at $44.62 on Monday. The company has a 50 day moving average price of $43.93 and a two-hundred day moving average price of $42.21. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.80 and a current ratio of 0.81. The stock has a market capitalization of $69.63 billion, a P/E ratio of 14.77, a PEG ratio of 4.36 and a beta of 1.04. U.S. Bancorp has a one year low of $30.47 and a one year high of $47.31.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data 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. U.S. Bancorp had a return on equity of 13.34% and a net margin of 12.55%. The business 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 business earned $1.12 earnings per share. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. As a group, sell-side analysts expect that U.S. Bancorp will post 3.87 EPS for the current year.

U.S. Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.50 per share. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a dividend yield of 4.48%. The ex-dividend date is Monday, September 30th. U.S. Bancorp’s dividend payout ratio is presently 66.23%.

Insider Buying and Selling

In related news, Director Aleem Gillani purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The stock was purchased at an average price of $44.99 per share, with a total value of $449,900.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $449,900. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp Company 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.