U.S. Bancorp (NYSE:USB) Shares Sold by Stiles Financial Services Inc

Stiles Financial Services Inc reduced its position in shares of U.S. Bancorp (NYSE:USB) by 5.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,724 shares of the financial services provider’s stock after selling 1,514 shares during the period. Stiles Financial Services Inc’s holdings in U.S. Bancorp were worth $1,170,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. J.Safra Asset Management Corp purchased a new stake in U.S. Bancorp during the 4th quarter worth about $26,000. FPC Investment Advisory Inc. purchased a new stake in U.S. Bancorp during the 4th quarter worth about $28,000. Picton Mahoney Asset Management purchased a new stake in U.S. Bancorp during the 4th quarter worth about $30,000. Millstone Evans Group LLC purchased a new stake in U.S. Bancorp during the 4th quarter worth about $31,000. Finally, REAP Financial Group LLC lifted its holdings in U.S. Bancorp by 86.1% during the 4th quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider’s stock worth $31,000 after buying an additional 297 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Transactions at U.S. Bancorp

In other news, Director Aleem Gillani purchased 5,000 shares of the company’s stock in a transaction dated Monday, April 21st. The shares were acquired at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the purchase, the director now directly owns 15,000 shares in the company, valued at $559,800. The trade was a 50.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Price Performance

Shares of NYSE:USB opened at $43.34 on Monday. The company has a 50-day simple moving average of $42.25 and a 200-day simple moving average of $44.68. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $67.53 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 1.63 and a beta of 1.00.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. U.S. Bancorp had a net margin of 15.70% and a return on equity of 13.02%. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same period in the previous year, the business posted $0.78 earnings per share. On average, analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.61%. U.S. Bancorp’s dividend payout ratio (DPR) is 49.50%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Oppenheimer lifted their price target on U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a report on Monday, April 28th. Royal Bank Of Canada reduced their price target on shares of U.S. Bancorp from $57.00 to $50.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th. Raymond James Financial reissued an “outperform” rating and issued a $51.00 price target (down from $57.00) on shares of U.S. Bancorp in a research report on Thursday, April 17th. Morgan Stanley reduced their price target on shares of U.S. Bancorp from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Finally, Bank of America reduced their price target on shares of U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $50.72.

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.