U.S. Bancorp (NYSE:USB) Shares Acquired by Curbstone Financial Management Corp

Curbstone Financial Management Corp boosted its stake in U.S. Bancorp (NYSE:USB) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,820 shares of the financial services provider’s stock after buying an additional 500 shares during the quarter. Curbstone Financial Management Corp’s holdings in U.S. Bancorp were worth $1,580,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of USB. TAP Consulting LLC purchased a new stake in shares of U.S. Bancorp during the first quarter worth approximately $259,000. Advisor Group Holdings Inc. raised its position in shares of U.S. Bancorp by 11.7% in the fourth quarter. Advisor Group Holdings Inc. now owns 836,343 shares of the financial services provider’s stock valued at $36,489,000 after buying an additional 87,888 shares during the last quarter. MCF Advisors LLC lifted its stake in shares of U.S. Bancorp by 80.8% in the first quarter. MCF Advisors LLC now owns 4,711 shares of the financial services provider’s stock worth $172,000 after buying an additional 2,105 shares in the last quarter. Venture Visionary Partners LLC boosted its position in U.S. Bancorp by 9.3% during the first quarter. Venture Visionary Partners LLC now owns 9,419 shares of the financial services provider’s stock worth $340,000 after acquiring an additional 800 shares during the last quarter. Finally, Ascent Wealth Partners LLC boosted its position in U.S. Bancorp by 50.3% during the first quarter. Ascent Wealth Partners LLC now owns 28,603 shares of the financial services provider’s stock worth $995,000 after acquiring an additional 9,572 shares during the last quarter. 75.40% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock traded up $0.84 on Thursday, hitting $35.99. The stock had a trading volume of 3,516,461 shares, compared to its average volume of 13,997,651. The stock has a market cap of $55.17 billion, a price-to-earnings ratio of 9.74, a P/E/G ratio of 1.61 and a beta of 0.98. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.97. U.S. Bancorp has a 52-week low of $27.27 and a 52-week high of $49.95. The company’s 50 day moving average price is $37.15 and its 200 day moving average price is $35.34.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.01). The firm had revenue of $7.17 billion during the quarter, compared to analysts’ expectations of $7.17 billion. U.S. Bancorp had a net margin of 16.59% and a return on equity of 16.53%. U.S. Bancorp’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 EPS. On average, research analysts anticipate that U.S. Bancorp will post 4.44 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 5.33%. The ex-dividend date is Thursday, September 28th. U.S. Bancorp’s payout ratio is currently 53.19%.

Wall Street Analyst Weigh In

USB has been the topic of a number of research reports. StockNews.com began coverage on shares of U.S. Bancorp in a research note on Thursday, August 17th. They issued a “sell” rating on the stock. Raymond James upgraded shares of U.S. Bancorp from an “underperform” rating to a “market perform” rating in a report on Thursday, July 20th. Barclays lowered their price objective on shares of U.S. Bancorp from $52.00 to $48.00 in a research report on Tuesday, June 27th. Bank of America raised U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their target price for the company from $38.00 to $40.00 in a research report on Tuesday, July 11th. Finally, DA Davidson raised their price objective on shares of U.S. Bancorp from $39.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, U.S. Bancorp has a consensus rating of “Hold” and a consensus target price of $47.33.

Insider Buying and Selling at U.S. Bancorp

In other news, insider Timothy A. Welsh sold 13,816 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $39.79, for a total value of $549,738.64. Following the transaction, the insider now owns 119,058 shares of the company’s stock, valued at $4,737,317.82. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Timothy A. Welsh sold 13,816 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $39.79, for a total value of $549,738.64. Following the completion of the sale, the insider now directly owns 119,058 shares of the company’s stock, valued at approximately $4,737,317.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Terrance R. Dolan sold 26,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $39.75, for a total value of $1,033,500.00. Following the completion of the sale, the chief financial officer now directly owns 166,992 shares of the company’s stock, valued at approximately $6,637,932. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

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 in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.