United Services Automobile Association Decreases Stock Holdings in U.S. Bancorp (NYSE:USB)

United Services Automobile Association lowered its holdings in U.S. Bancorp (NYSE:USB) by 6.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,056 shares of the financial services provider’s stock after selling 3,050 shares during the period. United Services Automobile Association’s holdings in U.S. Bancorp were worth $1,670,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of USB. Valmark Advisers Inc. grew its holdings in U.S. Bancorp by 2.9% in the 2nd quarter. Valmark Advisers Inc. now owns 8,707 shares of the financial services provider’s stock worth $346,000 after acquiring an additional 242 shares during the last quarter. Waldron Private Wealth LLC grew its stake in shares of U.S. Bancorp by 1.9% in the second quarter. Waldron Private Wealth LLC now owns 13,285 shares of the financial services provider’s stock worth $534,000 after purchasing an additional 247 shares during the last quarter. Naples Global Advisors LLC increased its holdings in U.S. Bancorp by 0.4% during the 2nd quarter. Naples Global Advisors LLC now owns 65,360 shares of the financial services provider’s stock valued at $2,624,000 after purchasing an additional 248 shares during the period. Kavar Capital Partners Group LLC increased its holdings in U.S. Bancorp by 4.7% during the 2nd quarter. Kavar Capital Partners Group LLC now owns 5,555 shares of the financial services provider’s stock valued at $221,000 after purchasing an additional 250 shares during the period. Finally, Motley Fool Wealth Management LLC raised its position in U.S. Bancorp by 0.7% during the 1st quarter. Motley Fool Wealth Management LLC now owns 38,362 shares of the financial services provider’s stock valued at $1,715,000 after purchasing an additional 251 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Up 1.7 %

Shares of NYSE:USB opened at $45.26 on Tuesday. U.S. Bancorp has a 12-month low of $30.47 and a 12-month high of $47.31. The stock has a market capitalization of $70.63 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 4.34 and a beta of 1.03. The stock has a fifty day simple moving average of $43.53 and a two-hundred day simple moving average of $42.11. The company has a current ratio of 0.81, a quick ratio of 0.80 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, beating 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 firm had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.81 billion. During the same period in the previous year, the company earned $1.12 earnings per share. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. On average, research analysts anticipate that U.S. Bancorp will post 3.87 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.33%. The ex-dividend date was Friday, June 28th. U.S. Bancorp’s payout ratio is currently 64.90%.

Insiders Place Their Bets

In other news, Director Aleem Gillani acquired 10,000 shares of U.S. Bancorp stock in a transaction dated Thursday, July 18th. The stock was purchased at an average cost of $44.99 per share, with a total value of $449,900.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $449,900. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

USB has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their price objective on U.S. Bancorp from $42.00 to $47.00 and gave the stock a “neutral” rating in a research 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. Citigroup upped their price objective on shares of U.S. Bancorp from $45.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. UBS Group lifted their target price on shares of U.S. Bancorp from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Finally, Morgan Stanley boosted their price target 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. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $48.23.

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 through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.