Loudon Investment Management LLC Sells 6,687 Shares of U.S. Bancorp (NYSE:USB)

Loudon Investment Management LLC decreased its holdings in U.S. Bancorp (NYSE:USB) by 10.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 59,953 shares of the financial services provider’s stock after selling 6,687 shares during the quarter. U.S. Bancorp makes up about 1.4% of Loudon Investment Management LLC’s investment portfolio, making the stock its 25th largest position. Loudon Investment Management LLC’s holdings in U.S. Bancorp were worth $2,380,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank bought a new position in U.S. Bancorp in the fourth quarter valued at about $827,370,000. Boston Partners bought a new position in shares of U.S. Bancorp in the 4th quarter valued at about $154,517,000. Confluence Investment Management LLC acquired a new stake in shares of U.S. Bancorp during the 1st quarter worth approximately $92,192,000. National Bank of Canada FI raised its stake in shares of U.S. Bancorp by 313.8% during the second quarter. National Bank of Canada FI now owns 2,698,642 shares of the financial services provider’s stock worth $105,903,000 after buying an additional 2,046,522 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in U.S. Bancorp by 88.9% in the first quarter. BNP Paribas Financial Markets now owns 2,331,050 shares of the financial services provider’s stock valued at $104,198,000 after buying an additional 1,097,179 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Trading Down 2.3 %

Shares of U.S. Bancorp stock traded down $1.05 on Friday, reaching $44.49. 7,635,419 shares of the company’s stock were exchanged, compared to its average volume of 8,345,984. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.80 and a current ratio of 0.81. U.S. Bancorp has a 52 week low of $30.47 and a 52 week high of $47.31. The firm’s 50-day moving average is $43.41 and its two-hundred day moving average is $42.07. The company has a market capitalization of $69.42 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 4.57 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.04. The firm had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.81 billion. U.S. Bancorp had a net margin of 12.55% and a return on equity of 13.34%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.12 earnings per share. Sell-side analysts predict that U.S. Bancorp will post 3.89 EPS 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 issued a dividend of $0.49 per share. The ex-dividend date was Friday, June 28th. This represents a $1.96 annualized dividend and a yield of 4.41%. U.S. Bancorp’s payout ratio is 64.90%.

Wall Street Analysts Forecast Growth

USB has been the subject of a number of analyst reports. UBS Group lifted their target price on shares of U.S. Bancorp from $43.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. Citigroup upped their price objective on U.S. Bancorp from $45.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Royal Bank of Canada raised their target price on U.S. Bancorp from $47.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. Wells Fargo & Company upped their price target on U.S. Bancorp from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Finally, StockNews.com upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $48.23.

Insider Buying and Selling at U.S. Bancorp

In other news, Director Aleem Gillani bought 10,000 shares of the stock in a transaction dated Thursday, July 18th. The stock was bought at an average price of $44.99 per share, for a total transaction of $449,900.00. Following the completion of the acquisition, 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 accessible through this hyperlink. Insiders own 0.23% of the company’s stock.

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.