Hall Laurie J Trustee Has $348,000 Holdings in U.S. Bancorp (NYSE:USB)

Hall Laurie J Trustee cut its position in U.S. Bancorp (NYSE:USB) by 3.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,770 shares of the financial services provider’s stock after selling 300 shares during the quarter. Hall Laurie J Trustee’s holdings in U.S. Bancorp were worth $348,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of USB. Daiwa Securities Group Inc. boosted its holdings in U.S. Bancorp by 6.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 138,280 shares of the financial services provider’s stock valued at $5,985,000 after purchasing an additional 8,071 shares during the period. Naples Money Management LLC bought a new stake in U.S. Bancorp in the 4th quarter valued at $30,000. J.W. Cole Advisors Inc. boosted its holdings in U.S. Bancorp by 8.4% in the 4th quarter. J.W. Cole Advisors Inc. now owns 12,989 shares of the financial services provider’s stock valued at $562,000 after purchasing an additional 1,004 shares during the period. abrdn plc boosted its holdings in U.S. Bancorp by 71.9% in the 4th quarter. abrdn plc now owns 652,401 shares of the financial services provider’s stock valued at $28,236,000 after purchasing an additional 272,976 shares during the period. Finally, Lindbrook Capital LLC lifted its holdings in shares of U.S. Bancorp by 86.5% during the 4th quarter. Lindbrook Capital LLC now owns 6,582 shares of the financial services provider’s stock worth $285,000 after acquiring an additional 3,052 shares during the period. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Trading Up 0.2 %

U.S. Bancorp stock traded up $0.08 during midday trading on Tuesday, hitting $43.74. 5,867,804 shares of the stock were exchanged, compared to its average volume of 8,469,378. The company has a fifty day simple moving average of $41.80 and a two-hundred day simple moving average of $41.62. U.S. Bancorp has a 52 week low of $30.47 and a 52 week high of $45.88. The stock has a market capitalization of $68.25 billion, a PE ratio of 14.48, a P/E/G ratio of 4.20 and a beta of 1.04. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.05.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data 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 business had revenue of $6.87 billion for 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% compared to the same quarter last year. Equities research analysts anticipate that U.S. Bancorp will post 3.9 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date was Friday, June 28th. U.S. Bancorp’s dividend payout ratio is presently 64.90%.

Wall Street Analyst Weigh In

USB has been the subject of several analyst reports. DA Davidson lifted their price target on shares of U.S. Bancorp from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Wells Fargo & Company lifted their price target on shares of U.S. Bancorp from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Morgan Stanley raised their price objective on shares of U.S. Bancorp from $47.00 to $54.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. The Goldman Sachs Group raised their price objective on shares of U.S. Bancorp from $42.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, July 18th. Finally, Royal Bank of Canada raised their price objective on shares of U.S. Bancorp from $47.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, U.S. Bancorp currently has an average rating of “Hold” and an average price target of $48.23.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani acquired 10,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were acquired 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 directly owns 10,000 shares in the company, valued at approximately $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 insiders.

U.S. Bancorp 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.