U.S. Bancorp (NYSE:USB) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lessened its position in U.S. Bancorp (NYSE:USB) by 4.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 118,059 shares of the financial services provider’s stock after selling 5,707 shares during the period. Gulf International Bank UK Ltd’s holdings in U.S. Bancorp were worth $5,398,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of USB. Redwood Wealth Management Group LLC acquired a new position in shares of U.S. Bancorp in the 2nd quarter worth $25,000. LRI Investments LLC purchased a new position in U.S. Bancorp in the 1st quarter worth about $31,000. Eagle Bay Advisors LLC raised its holdings in U.S. Bancorp by 93.2% during the 1st quarter. Eagle Bay Advisors LLC now owns 686 shares of the financial services provider’s stock worth $31,000 after buying an additional 331 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in U.S. Bancorp during the second quarter valued at about $30,000. Finally, Y.D. More Investments Ltd purchased a new position in shares of U.S. Bancorp in the second quarter worth approximately $33,000. Institutional investors own 77.60% of the company’s stock.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $49.03, for a total value of $1,225,750.00. Following the completion of the sale, the insider now directly owns 129,790 shares of the company’s stock, valued at $6,363,603.70. This represents a 0.00 % decrease in their position. The sale 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 corporate insiders.

U.S. Bancorp Trading Up 0.9 %

NYSE:USB opened at $47.62 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.04. The company’s 50 day moving average is $46.30 and its 200-day moving average is $43.19. The firm has a market cap of $74.31 billion, a price-to-earnings ratio of 14.56, a P/E/G ratio of 2.83 and a beta of 1.02. U.S. Bancorp has a 12 month low of $33.61 and a 12 month high of $50.47.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The business had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.90 billion. During the same period in the previous year, the company posted $1.05 earnings per share. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. Equities analysts anticipate that U.S. Bancorp will post 3.92 EPS for the current year.

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

U.S. Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.20%. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.49. The ex-dividend date was Monday, September 30th. U.S. Bancorp’s dividend payout ratio is currently 61.16%.

Wall Street Analysts Forecast Growth

USB has been the subject of a number of recent analyst reports. UBS Group raised their price objective on shares of U.S. Bancorp from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. Robert W. Baird set a $54.00 price target on U.S. Bancorp in a research report on Thursday, October 17th. Royal Bank of Canada set a $53.00 price objective on U.S. Bancorp in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft downgraded U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 target price on the stock. in a report on Thursday, October 24th. Finally, Evercore ISI raised their price target on shares of U.S. Bancorp from $51.00 to $54.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Thirteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, U.S. Bancorp currently has an average rating of “Hold” and a consensus target price of $51.12.

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.