Excalibur Management Corp Acquires 415 Shares of U.S. Bancorp (NYSE:USB)

Excalibur Management Corp boosted its stake in shares of U.S. Bancorp (NYSE:USB) by 4.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,325 shares of the financial services provider’s stock after purchasing an additional 415 shares during the period. Excalibur Management Corp’s holdings in U.S. Bancorp were worth $410,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Valmark Advisers Inc. lifted its holdings in U.S. Bancorp by 2.9% during the 2nd quarter. Valmark Advisers Inc. now owns 8,707 shares of the financial services provider’s stock valued at $346,000 after buying an additional 242 shares in the last quarter. Waldron Private Wealth LLC raised its stake in shares of U.S. Bancorp by 1.9% during the second quarter. Waldron Private Wealth LLC now owns 13,285 shares of the financial services provider’s stock valued at $534,000 after acquiring an additional 247 shares in the last quarter. Naples Global Advisors LLC boosted its holdings in shares of U.S. Bancorp by 0.4% in the second 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 increased its holdings in U.S. Bancorp by 4.7% during the 2nd quarter. Kavar Capital Partners Group LLC now owns 5,555 shares of the financial services provider’s stock worth $221,000 after purchasing an additional 250 shares during the period. Finally, STAR Financial Bank increased its holdings in U.S. Bancorp by 3.3% during the 2nd quarter. STAR Financial Bank now owns 7,772 shares of the financial services provider’s stock worth $309,000 after purchasing an additional 250 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling

In other news, Director Aleem Gillani bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The shares were purchased at an average price of $44.99 per share, for a total transaction of $449,900.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at $449,900. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

USB has been the topic of a number of recent research reports. Jefferies Financial Group dropped their price target on U.S. Bancorp from $43.00 to $42.00 and set a “hold” rating on the stock in a research report on Wednesday, July 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $48.00 target price on shares of U.S. Bancorp in a research report on Friday. Wells Fargo & Company increased their price objective on shares of U.S. Bancorp from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. JPMorgan Chase & Co. downgraded shares of U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 price objective for the company. in a research note on Thursday, June 27th. Finally, UBS Group increased their target price 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. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $48.18.

U.S. Bancorp Price Performance

Shares of USB stock opened at $44.69 on Tuesday. U.S. Bancorp has a fifty-two week low of $30.47 and a fifty-two week high of $47.31. 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 firm has a market capitalization of $69.74 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 4.36 and a beta of 1.04. The stock’s 50-day simple moving average is $44.04 and its 200-day simple moving average is $42.23.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, July 17th. The financial services provider reported $0.98 earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $1.12 EPS. U.S. Bancorp’s revenue was down 4.3% compared to the same quarter last year. As a group, equities analysts forecast that U.S. Bancorp will post 3.87 earnings per share for the current fiscal year.

U.S. Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.50 dividend. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.49. The ex-dividend date is Monday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 4.48%. U.S. Bancorp’s dividend payout ratio (DPR) is 66.23%.

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.