Capital Advisors Wealth Management LLC Reduces Stock Holdings in U.S. Bancorp (NYSE:USB)

Capital Advisors Wealth Management LLC trimmed its position in U.S. Bancorp (NYSE:USB) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,447 shares of the financial services provider’s stock after selling 960 shares during the period. Capital Advisors Wealth Management LLC’s holdings in U.S. Bancorp were worth $1,209,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of USB. Valmark Advisers Inc. raised its stake in shares of U.S. Bancorp by 2.9% in the second quarter. Valmark Advisers Inc. now owns 8,707 shares of the financial services provider’s stock worth $346,000 after buying an additional 242 shares during the period. Waldron Private Wealth LLC raised 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 buying an additional 247 shares during the period. Naples Global Advisors LLC raised its stake 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 worth $2,624,000 after buying an additional 248 shares during the period. Kavar Capital Partners Group LLC raised its stake in shares of U.S. Bancorp by 4.7% in the second quarter. Kavar Capital Partners Group LLC now owns 5,555 shares of the financial services provider’s stock worth $221,000 after buying an additional 250 shares during the period. Finally, STAR Financial Bank raised its stake in shares of U.S. Bancorp by 3.3% in the second quarter. STAR Financial Bank now owns 7,772 shares of the financial services provider’s stock worth $309,000 after buying an additional 250 shares during the period. 77.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wells Fargo & Company lifted their target price 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. Royal Bank of Canada reissued an “outperform” rating and set a $48.00 target price on shares of U.S. Bancorp in a research note on Friday, September 13th. Oppenheimer lifted their target price on U.S. Bancorp from $54.00 to $57.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. downgraded U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 target price on the stock. in a research note on Thursday, June 27th. Finally, DA Davidson lifted their price objective on U.S. Bancorp from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $49.14.

U.S. Bancorp Stock Performance

NYSE:USB opened at $47.00 on Wednesday. The stock’s fifty day moving average is $44.78 and its 200 day moving average is $42.53. U.S. Bancorp has a fifty-two week low of $30.47 and a fifty-two week high of $48.08. The firm has a market capitalization of $73.34 billion, a PE ratio of 15.56, a PEG ratio of 3.32 and a beta of 1.03. 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 (NYSE:USB) last announced its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.94 by $0.04. The company had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.81 billion. U.S. Bancorp had a return on equity of 13.34% and a net margin of 12.55%. U.S. Bancorp’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.12 EPS. On average, sell-side analysts anticipate that U.S. Bancorp will post 3.86 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend was Monday, September 30th. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.49. U.S. Bancorp’s dividend payout ratio is 66.23%.

U.S. Bancorp declared that its Board of Directors has approved a stock buyback plan on Thursday, September 12th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling 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 on Thursday, July 18th. The shares were bought at an average price of $44.99 per share, with a total value of $449,900.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $449,900. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.23% of the stock is currently owned by corporate insiders.

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.