First Community Trust NA grew its holdings in U.S. Bancorp (NYSE:USB – Free Report) by 0.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,681 shares of the financial services provider’s stock after purchasing an additional 406 shares during the period. U.S. Bancorp comprises approximately 1.7% of First Community Trust NA’s holdings, making the stock its 14th largest holding. First Community Trust NA’s holdings in U.S. Bancorp were worth $1,476,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. BCK Partners Inc. bought a new stake in U.S. Bancorp during the 1st quarter valued at about $2,514,000. Acadian Asset Management LLC increased its position in shares of U.S. Bancorp by 3.0% during the first quarter. Acadian Asset Management LLC now owns 9,397 shares of the financial services provider’s stock worth $499,000 after acquiring an additional 276 shares during the period. Vontobel Holding Ltd. increased its position in shares of U.S. Bancorp by 20.8% during the first quarter. Vontobel Holding Ltd. now owns 21,314 shares of the financial services provider’s stock worth $1,176,000 after acquiring an additional 3,663 shares during the period. Prudential PLC bought a new stake in shares of U.S. Bancorp during the first quarter valued at approximately $1,731,000. Finally, Candriam Luxembourg S.C.A. boosted its holdings in shares of U.S. Bancorp by 5.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 86,048 shares of the financial services provider’s stock valued at $4,573,000 after purchasing an additional 4,827 shares during the period. 75.40% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research analysts have commented on USB shares. Raymond James upgraded U.S. Bancorp from an “underperform” rating to a “market perform” rating in a report on Thursday, July 20th. StockNews.com started coverage on U.S. Bancorp in a report on Thursday, August 17th. They issued a “sell” rating for the company. Barclays lowered their price objective on shares of U.S. Bancorp from $52.00 to $48.00 in a research note on Tuesday, June 27th. HSBC initiated coverage on shares of U.S. Bancorp in a research report on Thursday, September 7th. They set a “hold” rating and a $30.00 target price on the stock. Finally, The Goldman Sachs Group upped their price target on shares of U.S. Bancorp from $34.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $46.71.
Insider Buying and Selling
In other news, CFO Terrance R. Dolan sold 26,000 shares of the 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 sale, the chief financial officer now owns 166,992 shares in the company, valued at $6,637,932. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other U.S. Bancorp news, CFO Terrance R. Dolan sold 26,000 shares of U.S. Bancorp stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $39.75, for a total transaction of $1,033,500.00. Following the completion of the transaction, the chief financial officer now owns 166,992 shares in the company, valued at approximately $6,637,932. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Timothy A. Welsh sold 13,816 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $39.79, for a total value of $549,738.64. Following the completion of the transaction, the insider now directly owns 119,058 shares of the company’s stock, valued at approximately $4,737,317.82. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.
U.S. Bancorp Stock Performance
U.S. Bancorp stock traded down $0.54 during mid-day trading on Friday, reaching $35.18. 5,844,220 shares of the company traded hands, compared to its average volume of 14,044,673. U.S. Bancorp has a fifty-two week low of $27.27 and a fifty-two week high of $49.95. The firm’s fifty day moving average is $37.18 and its two-hundred day moving average is $35.34. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $53.93 billion, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 1.58 and a beta of 0.98.
U.S. Bancorp (NYSE:USB – Get Free Report) last released its earnings results on Wednesday, July 19th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.01). The firm had revenue of $7.17 billion during the quarter, compared to analyst estimates 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 revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.09 earnings per share. On average, equities research analysts expect that U.S. Bancorp will post 4.44 earnings per share for the current fiscal year.
U.S. Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.48 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.92 dividend on an annualized basis and a yield of 5.46%. U.S. Bancorp’s dividend payout ratio is currently 53.19%.
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.
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