U.S. Bancorp (NYSE:USB) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. reduced its position in U.S. Bancorp (NYSE:USB) by 7.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,398,197 shares of the financial services provider’s stock after selling 287,921 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.22% of U.S. Bancorp worth $134,908,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of USB. Naples Global Advisors LLC lifted its position 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 acquiring an additional 248 shares in the last quarter. Motley Fool Wealth Management LLC lifted its position in 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 worth $1,715,000 after buying an additional 251 shares during the period. Vestor Capital LLC lifted its position in U.S. Bancorp by 1.5% during the fourth quarter. Vestor Capital LLC now owns 17,179 shares of the financial services provider’s stock worth $744,000 after buying an additional 253 shares during the period. Mosaic Family Wealth Partners LLC lifted its position in U.S. Bancorp by 1.4% during the first quarter. Mosaic Family Wealth Partners LLC now owns 19,487 shares of the financial services provider’s stock worth $871,000 after buying an additional 264 shares during the period. Finally, First Financial Bank Trust Division lifted its position in U.S. Bancorp by 0.9% during the second quarter. First Financial Bank Trust Division now owns 31,253 shares of the financial services provider’s stock worth $1,241,000 after buying an additional 269 shares during the period. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Stock Up 0.9 %

Shares of USB stock traded up $0.38 during trading hours on Friday, reaching $43.19. The company had a trading volume of 5,369,520 shares, compared to its average volume of 8,505,938. U.S. Bancorp has a twelve month low of $30.47 and a twelve month high of $45.88. The stock’s fifty day simple moving average is $41.59 and its 200 day simple moving average is $41.58. 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 company has a market capitalization of $67.40 billion, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 4.20 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.98 earnings per share 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 firm had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.81 billion. During the same quarter last year, the firm earned $1.12 EPS. U.S. Bancorp’s quarterly revenue was down 4.3% on a year-over-year basis. As a group, sell-side analysts expect that U.S. Bancorp will post 3.9 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.96 dividend on an annualized basis and a yield of 4.54%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani acquired 10,000 shares of the stock in a transaction on Thursday, July 18th. The stock was purchased at an average price of $44.99 per share, for a total transaction of $449,900.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at $449,900. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on USB shares. Royal Bank of Canada increased their target price on U.S. Bancorp from $47.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. UBS Group increased their target price on U.S. Bancorp from $43.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Wells Fargo & Company increased their target price on U.S. Bancorp from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. The Goldman Sachs Group raised their price objective on U.S. Bancorp from $42.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. Finally, JPMorgan Chase & Co. downgraded U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 price objective on the stock. in a report on Thursday, June 27th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $48.23.

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.